P4G has provided Project STOP Banyuwangi with a catalytic grant funding.
P4G (Partnering for Green Growth), who accelerates pioneering market-based partnerships to build sustainable and resilient economies, becomes a partner of Project STOP, a frontline initiative, co-founded by Borealis and SYSTEMIQ, that designs, implements and scales circular economy solutions to stop marine plastic pollution at source in Indonesia.
The grant will support Project STOP Banyuwangi (local programme name: “Banyuwangi Hijau”), which will build an integrated waste & recycling solution to improve long-term waste management and establish a downstream value chain for recycled materials.
With Project STOP Borealis and its partners are developing and implementing a blue print concept to end the plastic waste issue. Plastics are key for prosperity and a modern life. Industry, governments and society need to implement waste management solutions to avoid any negative impact to the environment from those valuable materials. Turning challenges into opportunities, this approach is in line with Borealis’ commitment to accelerating the circular economy for plastics. As Project STOP continues to grow, Borealis is looking forward to welcoming new partners like P4G, whose skills and resources will be crucial to addressing this significant global challenge together.
With the earlier announced expansion of Project STOP to the whole Banyuwangi Regency, all Project city- and regional partnerships will improve the livelihood of 2 million people by 2025, creating over 1,000 full time jobs and collecting 230,000 tonnes of waste (25,000 tonnes of plastic) annually. With this commitment, P4G has provided Project STOP Banyuwangi with a catalytic grant funding.
For more information see the original media release published by P4G here.
END
Notes to editors
About Project STOP Banyuwangi (“Banyuwangi Hijau”)
Project STOP Banyuwangi, or in Bahasa, Banyuwangi Hijau, is an expansion from Project STOP Muncar that combines a regency level waste system model with a material aggregator into a circular waste and recycling solution that can transform waste economics. Launched in January 2022 by Borealis and SYSTEMIQ, in partnership with the Banyuwangi Government in East Java, Indonesia, the programme is a collective initiative to strengthen the waste management systems approach for the better livelihood and healthy environment of the community.
Banyuwangi Regency is located in the east of the island of Java, the geographic and economic centre of Indonesia, and home to more than half its people.
Media contacts:
| Borealis: Virginia Wieser Senior Manager, Corporate Communications, Brand & Reputation tel.: +43 1 22 400 772 (Vienna, Austria) e-mail: Virginia.Wieser@borealisgroup.com | Project STOP (English & Bahasa) Fadila Ayu Hapsari Project STOP Communications Manager Email: fadila.hapsari@systemiq.earth |
| SYSTEMIQ (English) Louise Patzdorf Materials & Circular Economy Communications Lead Email: louise.patzdorf@systemiq.earth Mobile: +44 (0) 7563024072 (London, UK) |
About Project STOP
Launched in 2017 by Borealis and SYSTEMIQ, Project STOP (STop Ocean Plastics) works hand-in-hand with city governments to create effective circular waste management systems in high-need areas of Southeast Asia. The initiative supports cities with technical expertise to achieve zero-leakage of waste, increase recycling, build economically sustainable programs, creating new jobs and reducing the harmful impact of mismanaged waste on public health, tourism, and fisheries. While the first city partnership was established in 2018 in Muncar, Project STOP also operates two additional city partnerships, in Pasuruan Regency, also in the island of Java, and Jembrana Regency, on the north coast of Bali.
Project STOP’s strategic partners include the Norwegian Government, Nestlé, Borouge, the Alliance to End Plastic Waste, and Siegwerk. Project STOP’s success is in large part thanks to these collaborations as well as its close partnership with local and national government offices in Indonesia, including the National Ministry for Environment and Forestry (KLHK) which it has a Memorandum of Understanding (MOU) with, the Coordinating Ministry for Maritime and Investment Affairs (CMMAI) and the Regency governments in the regions it works. STOP now has a team of 35 committed environmental leaders.
For more information on Project STOP:
Website: www.stopoceanplastics.com
Find us online: Twitter | YouTube | LinkedIn | Instagram
About Borealis
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with TotalEnergies, based in the US). www.borealisgroup.com | www.borealiseverminds.com
About SYSTEMIQ
SYSTEMIQ was founded in 2016 to drive the achievement of the Paris Agreement and the UN Sustainable Development Goals by transforming markets and business models in four key systems: land use, circular materials, clean energy, and sustainable finance. A certified B-Corp, SYSTEMIQ is a global advisory and investment firm that partners with industry, government and civil society, financing, and invests in high-impact ventures with the potential to unlock economic opportunities that benefit business, society, and the environment, and deliver systems change.
To learn more, visit www.systemiq.earth.
Thank you for understanding that we are only able to respond to media enquiries. For all other inquiries, please reach out to us via these contact forms.
Media representatives can reach our media desk during work days in Austria between 8:30 a.m. and 17:00 p.m. (CET) via email or telephone.
High-resolution images and videos are available for download in our media gallery.
Group Media Desk
+43 1 22 400 899 (Vienna, Austria)