Members of the Alliance to End Plastic Waste have already pledged $1 billion to work on the problem of ocean plastics.  The alliance is also looking to increase that number to $1.5 billion. The global organization is looking to inject itself into the waste management process in hopes of finding some solutions.   

As a global consortium, they will begin their focus in Asia.   With some heavy hitters such as BASF SE, Berry Global, Braskem, Chevron Phillips Chemical Co. LLC, Clariant, Covestro, Dow Chemical Co., DSM NV, ExxonMobil, Formosa Plastics Corp. USA, Henkel, LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals, Nova Chemicals, OxyChem, PolyOne Corp., Procter & Gamble, Reliance Industries, Saudi Basic Industries Corp., Sasol, Suez, Shell, SCG Chemicals, Sumitomo Chemical, Total, Veolia and Versalis as founding members, we hope they can put their innovation and finances to good use. 

Read more about this in Plastics News.