Outlook Money Outlook Money, July 2018 | Page 64

SUSTAINABLE PLASTICS number of people grow. He said that either this demand will be met by large-scale exports of this kind of plastic (which can also be termed as good plastic) or in house production will have to grow considerably. If the latter is to happen, a number of new production units for plastic will have to be set-up in the country and new technology will have to aid the manufacture of the substance. “As I heard, the role of the private sector in investing R&D seems to be not very appreciable,” said Rao. “In fact, has been observed that around 70 to 75 per cent of the research happening on plastic sustainability is being conducted by the public sector,” he added. Avinash Joshi, the managing director of ONGC Petro Additions Limited, came up next to add to the topics that Rao had spoken on. After the broad awareness on the plastic industry, Pankaj Mehta, senior vice president of Reliance industries, spoke about issues of sustainability. He cited an interesting study which notes that if the real cost is considered—which includes the environment cost—one finds out that the environmental footprints of the alternatives to plastic is much bigger than plastic itself. He also mentioned that plastics have a role to play in the development goals made by the UN for countries. Vijay Merchant, the next speaker, is advisor to Indian Centre for Plastics in the Environment (ICPE). He has been working in various government policy-making efforts and has taken part in recycling efforts of the plastic industry in India as well as Asia. He cited the National Geographic magazine’s observation on plastic which says that out of the plastic produced since inception (8.3 billion tons approximately), almost 6.3 billion tons was waste. Mr Merchant provided an understanding of a global perspective around plastic. He spoke of the challenges of plastic waste. Mr Rajagopalan Vasudevan, who has been awarded a Padma Shri for his efforts in sustainability by the Government of India, came next to educate the audience about a revolutionary process in waste management—the use of plastic waste in making durable roads. Mr Vasudevan presented on his pioneering work which is in making “Polymer blended bitumen roads”, they are roads made of plastic waste in India. “Plastic is not the villain, we are the problem,” said Vasudevan. He said that a change in attitudes regarding the use of plastic was essential. His solution is mixing the waste plastic in bitumen after an initial process and laying roads out of the mixture. Mr Vasudevan said, but only would this be a solution to the plastic waste problem, it would also lead to better roads since the plastic in the mixture enables cross-blending in the road. The mixture gives you a waterproof road that is more durable than an only-bitumen road. Giving an idea of the waste plastic to road laying ration, Mr Vasudevan said that plastic the Left Top to Bottom : Ms Richa Tyagi (WWF-India), Shri Haren Sanghavi (Immediate Past President, Co-chairman environment committee AIPMA), Shri S K Ray, (Hon. Secretary Member Executive committee, ICPE), Dr Mahua Saha, (Senior Scientist COD) NIO, Ms Divya Tiwari CEO, SAAHAS, Dr Sunil Kumar, NEERI, Ms Vidya Amarnath, Director Paterson Energy