TOKYO, Jan. 17 (Xinhua) -- To help deal with the plastic waste, three major Japanese chemical companies said on Thursday that they will offer about 10 billion yen (92 million U.S. dollars) to a newly established international fund.
The "Alliance to End Plastic Waste" constitutes about 30 companies worldwide. It aims to invest 1.5 billion dollars in efforts to better manage and recycle plastic waste over the next five years, local media reported.
The three Japanese contributors, Mitsubishi Chemical Holdings Corp., Sumitomo Chemical Co. and Mitsui Chemicals Inc., also joined the new organization as founding members.
The global organization will look into the so-called plastics value chain, including chemical and plastic manufacturers, consumer goods companies, retailers and waste management companies, according to Kyodo News.
It also plans to raise awareness of the issue worldwide in cooperation with national governments.
Japan is responsible for the largest amount of plastic waste per capita followed by the United States, Kyodo News said.
