The Chemistry Industry Association of Canada (CIAC) is pleased to support and acknowledge several key findings in a study by the Canadian Energy Research Institute (CERI): Towards A Circular Economy of Plastic Products in Canada.
The comprehensive study, commissioned by CIAC, focuses on mapping the movement of plastic waste in different provinces by plastic type and identifies the economic opportunities associated with recycling post-consumer plastics. The CERI study is an important step in expanding data collection to better understand where and how to apply solutions to advancing a circular economy for plastics.
“This important study reinforces the significant opportunities developing a circular economy for plastics will bring to Canada,” said Elena Mantagaris, Vice President, CIAC Plastics Division.
The study highlights the importance of increased investments in mechanical and advanced recycling infrastructure.
The CERI study estimates the positive economic impacts of additional recycling infrastructure investments across Canada would add an additional $116 million annually to GDP and $109 million in tax revenue, while creating nearly 6,500 high-paying sustainable jobs. Once in operation, the facilities would have a production impact on GDP of C$6.7 billion.
By continuing to develop markets in regions throughout Canada, the CERI study supports the idea that plastics should be managed as a resource, not as waste. Further investment in technology, innovation, and infrastructure could support distinct recycling hubs in key provinces. Looking beyond the CERI report, we believe this could be an opportunity to grow market share by establishing plastics recycling hubs in Canada that encompass regions throughout North America.