Circular investment project targets plastics

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LONDON – Waste charity WRAP has announced a new investment strategy to support smart tech and AI startups working to increase the circularity of plastics including synthetic textiles.

WRAP points out that an estimated 15% of all global plastic is used within textile manufacture – making it the third largest use of plastic after packaging and construction – and virtually none of this is currently recovered and recycled from textiles.

LONDON – Waste charity WRAP has announced a new investment strategy to support smart tech and AI startups working to increase the circularity of plastics including synthetic textiles.

WRAP points out that an estimated 15% of all global plastic is used within textile manufacture – making it the third largest use of plastic after packaging and construction – and virtually none of this is currently recovered and recycled from textiles.

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