'Despite recent improvements in plastic waste streams and better recycling infrastructure across the globe, the high costs and technical challenge of yielding polymers of high enough quality, have meant only around 100 million tons of plastic has been recycled so far,' said Alper Aksit, Marketing Manager Compounds & Circular Plastics Region EMEA. 'Transforming plastic waste into valuable reusable plastic requires collaboration across the entire plastics value chain. Working closely with our partners and listening to our customers' needs we have created initiatives like Evonik's Circular Plastics Program, which combined with our TEGO Cycle additives help speed up the plastic industry's transformation into a fully circular economy.'