Plastic waste is a global issue that is threatening our marine ecosystems and leading to other environmental impacts like global warming. In 2021, the US only recycled 5% of its total plastics while about 85% of single-use plastics end up in landfills.
While governments and corporations continue to aim to improve sustainability and reduce their carbon footprints, the plastic waste problem is going mostly without a solution. Part of the reason why US plastic numbers are so low is that countries that it traditionally sent its plastic waste to in the past are no longer accepting the materials. These figures previously counted as ‘recycled’ and were included in total recycling numbers for the United States.
Is there any way to avoid this? There are companies that are actively involved in directly processing plastic waste, as well as numerous not for profit organizations as well. Multinational corporations like Waste Management (NYSE:WM) and Veolia Environnement SA (OTC:VEOEY) are stepping up their efforts in processing plastic waste around the world. Another OTC company, Clean Vision Corp (OTC:CLNV) is involved in identifying and acquiring companies that have a direct impact on our environment. Its subsidiary Clean Seas is involved with local governments in establishing PCN projects which convert collected plastic waste into renewable energy sources.
While the first two companies are globally known, Clean Vision Corp could be in line for massive growth as the world moves towards renewable energies and a heightened effort to reduce plastic usage.
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