Plastic value chain and performance metric framework for optimal recycling
Kunle Ibukun Olatayo, Paul Mativenga, Annlizé L. Marnewick
Abstract
Abstract Despite the promotion of plastic recycling to sustainably manage plastic waste and advance the circular economy, existing plastic recycling systems globally are largely experiencing low performance and growth. To transition to world‐class plastic material recycling and circularity, defining the metrics that impact the performance of a plastic recycling system is crucial. Bringing together existing literature, this study developed a conceptual framework, comprised of eight key performance metrics, for benchmarking recycling success or assessing the degree to which the performance of any plastic recycling system is optimal. Through a value chain approach, the specific performance metrics relevant to each stage of the plastic recycling system, their objectives, and the actors characterizing the system were analyzed in detail. Also, specific maturity models were developed to measure the performance of any plastic recycling system. This framework provides essential knowledge for related stakeholders to inform further development of plastic recycling and a circular economy.