Nestle to join Project Stop

Strategic alliance to address the challenge of marine litter

332
Nestle

Borealis and SYSTEMIQ, together with their partners from the Government of Norway, NOVA Chemicals, Borouge and Veolia, announced Nestlé as new their new strategic partner for Project STOP (Stop Ocean Plastics), a frontline initiative to prevent ocean plastic leakage in South-East Asia. Nestlé is the first food company to join the initiative.

Plastics have been a valuable contribution to the sustainable progress of communities such as protecting and extending the shelf life of food and reducing food wastage, and dramatically reducing carbon dioxide emissions in the transportation of goods and people. As an industry leader, Borealis feels the need to enhance the plastics circular economy to ensure that the societal and environmental benefits of plastics are maintained while no plastic products find their way into the environment.

“It’s extremely concerning that the lack of sustainable waste management systems and practices have contributed to the escalation of the problem of marine litter,” explains Borealis chief executive officer, Alfred Stern. “We are excited to welcome Nestle as a new strategic partner of Project STOP, and we look forward to new partners and alliances on our journey to scale up this initiative.”

“Plastic waste is an increasing threat to ocean ecosystems and communities, and it is a symptom of a linear—rather than a circular—model of consumption. STOP is designed to change this and prove that end-of-use plastic (packaging) can be collected and returned into valuable resources while providing livelihoods to many,” says Martin R. Stuchtey, founder and managing partner of SYSTEMIQ. “The momentum and early impact of Project STOP show that we are on the right track. We hope this effort, with the continued engagement of our partners, will further expand at speed and scale to make Indonesia a model for what can be achieved across Asia and the world.”

“We are very pleased to be the first food and beverage company to join Project STOP. For us, this is an important pilot, which is part of our broader vision to achieve a waste-free future, aligned with our commitment to make 100% of our packaging recyclable or reusable by 2025”, says Magdi Batato, global head of operations, Nestlé. “Over the coming months, we will take the learnings from this project to other countries where we operate in an effort to deliver ‘plastic neutrality’ in those markets.”

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

As 2023 begins and FY 23-24 unfolds, will you support us?

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.

LEAVE A REPLY

Please enter your comment!
Please enter your name here