Research: 20 companies generate 55% of the world’s plastic waste

An international team of researchers has compiled a list of companies that produce the most plastic. It turned out that 20 companies are responsible for more than half of the pollution on Earth.

20 companies produce more than half of the world’s single-use plastic waste. The researchers note that they influence the climate crisis the most – their activities are leading to the approach of an environmental catastrophe.

The global companies responsible for 55% of the world’s plastic packaging waste include both government and multinational corporations, including oil and gas giants and chemical companies, according to a new comprehensive analysis.

The new Plastic Waste Producers Index first featured companies making the polymers from which plastic products are made, from medical masks to plastic bags and bottles that, at the end of their short lives, pollute oceans, burn or landfill.

Australia tops the list of countries with the most disposable plastic waste per capita, ahead of the US, South Korea and the UK.

ExxonMobil is the largest producer of disposable plastic waste in the world – responsible for 5.9 million tonnes of plastic. This is stated in an analysis conducted by the Australian Minderoo Foundation with partners including Wood Mackenzie, the London School of Economics and the Stockholm Environment Institute. The world’s largest US-based chemical company, Dow, generated 5.5 million tonnes of plastic waste, while the Chinese oil and gas company Sinopec generated 5.3 million tonnes.

11 of these companies are located in Asia, four in Europe, three in North America, one in Latin America and one in the Middle East. Their plastic production is funded by leading banks, the main ones being Barclays, HSBC, Bank of America, Citigroup and JPMorgan Chase.

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Author: John Kessler
Graduated From the Massachusetts Institute of Technology. Previously, worked in various little-known media. Currently is an expert, editor and developer of Free News.
Function: Director
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