Brands asked to pay premium for using new plastic
by Fiona Harvey Environment correspondent from on (#4R470)
Andrew Forest's Sea The Future initiative will call for voluntary contributions to raise money for recycling projects
An Australian billionaire is asking household brands to reduce plastic waste by paying a premium for virgin plastics, making recycled products cheaper in comparison.
Andrew Forrest, a mining magnate turned philanthropist who is one of the 10 richest people in Australia, is setting up a $300m (240m) initiative to encourage the collection and recycling of plastic waste, through his Minderoo Foundation.
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