September 25, 2020

Memetik Duit dari Sampah Plastik

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PEMBONGKARAN muatan truk terakhir di Bank Sampah Induk Gesit di kawasan Menteng Pulo, Jakarta Selatan, pada Senin, 27 Januari lalu, serba bergegas.

Plastic recycling company looks to expand as circular economy blooms

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Homegrown plastic recycling company PT Tridi Oasis Group is looking to expand its business in the flourishing circular economy, as it received part of a US$6 million investment dedicated to tackling the ocean plastic crisis in South and Southeast Asia. The funding, claimed as the world’s first investment fund dedicated to the cause in the region, was disbursed by Singapore-based Circulate Capital on April 28 and was shared with Indian recycling company Lucro. The investment is part of the Circulate Capital Ocean Fund’s $106 million in dedicated debt and equity financing for circular economy start-ups and small and medium enterprises (SMEs) in countries like Indonesia, Thailand and India.

How to Build a Circular Economy

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We have a waste problem.

The world threw away around 300 million tons of plastic in 2019, nearly equivalent to the weight of the human population. Scientists expect there could be more plastic than fish in the ocean by 2050. One year’s electronic waste weighs in at more than 50 million tons. And while far too many people still go hungry, we waste a third of all the food produced.

Altogether, more than 100 billion tons of resources flow into the economy every year, and more than 60% ends up as waste or greenhouse gas emissions.
While COVID-19 made a significant dent in global consumption, it’s not a clear-cut picture. Clothing sales plummeted, but home office and exercise equipment purchases went up; spending in the hospitality industry went down, but groceries increased. The use of single-use plastics increased significantly, while plummeting oil prices reduced the economic incentive for plastic recycling.

The 2008 recession showed us that any fall in consumption is likely to be temporary without a concerted effort to make longer-term changes.