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Plastic to Oil: Saudi Arabia and Global Perspectives

Julio Arboleda and Evar Umeozor
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Evar Umeozor: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Today, it is impossible to imagine life without plastics due to their flexible characteristics. However, the attractive characteristics of plastic in several industries are generating another global problem: waste plastic disposal. According to the “OECD Global Plastic Outlook” published in 2022, global plastic waste production increased by more than 2.25 times between 2000 and 2019 to 353.3 million tons (MMT). However, only 9% of that plastic waste is recycled.

Keywords: Agent based modeling; Analytics; Applied resesarch; Autometrics (search for similar items in EconPapers)
Pages: 31
Date: 2023
New Economics Papers: this item is included in nep-ara and nep-env
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https://www.kapsarc.org/research/publications/plas ... lobal-perspectives/# First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2023-dp09

DOI: 10.30573/KS--2023-DP09

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