ANNOUNCEMENTS
A circular economy is a shift from our traditional economic models that follow the principle of take- make-waste of resources. The circular economic model tries to challenge that by keeping the materials and resources in circulation, retaining their value and preventing them from ending up as waste. This is achieved through processes like maintenance, reuse, refurbishment, remanufacture, recycling, and composting. Businesses are looking at it as a pivotal tool that will complement their efforts to combat climate change while maximizing their profits. This dissertation aims at understanding the need for circularity within industrial value chains especially for plastics- which is one of the major polluters globally, causing adverse and irreversible impacts on our natural resources. It further seeks to identify and analyze the several factors from global success stories that are catalysts in implementing circularity and can be implemented in the Sri Lankan industrial value chains. This island nation, due to its proximity to the ocean and import policies, is especially vulnerable to plastic pollution. This study employs a combination of primary and secondary research approach to study and analyze the implementation of circularity for plastics within industrial value chains through case studies. Data extracted from selected case studies are analyzed thematically and comparatively to identify common patterns, trends, and insights related to the implementation of circularity.
Keywords: Enablers, Levers, Circularity, Plastics, Value chains, Circular economy.
