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Creating a Sustainable Circular Economy for Plastic Waste in Vietnam

  • Category:

    Project

  • Keyword:

    plastic, waste, circular economy

  • Stage:

    2021 - 2024

  • National Partners:

    Da Nang City Council

  • International Partners:

    iDE UK, Oceanworks, Evergreen Social Ventures

  • Contact

    DANIDA/Denmark Embassy

Brief Innovation

The long-term vision for this project is to cultivate plastic waste recycling as a profitable venture for everyone involved in the value chain—particularly for local waste collectors and small recycling business owners—while reducing the flow of plastic waste into natural environments in coastal cities of Vietnam. iDE has assembled a team of two commercial partners that share the same vision and are ready to pursue it, including: (1) Oceanworks is their international commercial partner and it is a US-based company that hosts a platform built to drive recycled plastic offtake and reduce demand for new virgin plastic. Their expansive and growing range of recycled resins, textiles, and products from committed independent suppliers is sold to brands and manufacturers globally. (2) Evergreen Social Ventures is their local commercial partner and is a technology provider for low-grade plastic processing and production of materials and products made from recycled low-grade plastic.

Overview

Category: Project
Keyword: plastic, waste, circular economy
Donner:

Danish International Development Agency (DANIDA)
National Partners: Da Nang City Council
International Partners: iDE UK, Oceanworks, Evergreen Social Ventures
Location(s) in Vietnam: Da Nang
Location(s) in Other countries:
Stage: 2021 - 2024
Total budget: VND 34.57 billion

Lorem Ipsum

Metrics/ diagnostics

Innovation

Policy advice

Capacity building

Investment/ financing

Public awareness/ outreach

Private sector development

GESI

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