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Plastic production has increased from 15 million tonnes in the sixties to 311 million tonnes. Plastic production is expected to triple by 2050, when it would account for 20% of global annual oil consumption. Increasing plastic recycling would capture significant material value and help reduce greenhouse gas emissions. Veolia welcomes and supports the New Plastics Economy. CEO: ‘Plastic waste is a problem we can solve and need to solve now. It is high time to implement the circular economy principles in the plastic sector’