US-based biopolymer manufacturer NatureWorks has entered a three-year agreement to formally provide its support to Ellen MacArthur Foundation’s New Plastics Economy initiative.

The initiative, unveiled last year in a joint report with World Economic Forum and McKinsey & Company, brings together major stakeholders to redesign the global plastics system, starting with packaging.

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Members of the initiative aim to separate plastics from fossil feedstocks by exploring and adopting renewable feedstock sources.

They also seek to prevent plastic being dumped into natural systems by promoting recycling, reuse, and controlled biodegradation for appropriate targeted applications.

"We felt that stepping up to a three-year partnership was essential to support and provide input into the foundation’s game-changing vision of the future."

Since 2015, NatureWorks has been involved with the foundation and development of the New Plastics Economy.

NatureWorks president and CEO Marc Verbruggen said: “Last year, the Ellen MacArthur Foundation presented at Davos a report that for the first time outlined a comprehensive, truly global perspective on plastics innovation needs at a societal level and included a vision of the business opportunity for industry.

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“After working with the foundation for several years and as a technology and market leader in the bioplastics industry, we felt that stepping up to a three-year partnership was essential to support and provide input into the foundation’s game-changing vision of the future.”

Last month, Ellen MacArthur Foundation announced that three cities, including Tel Aviv, Israel, and Toronto and Vancouver, Canada, would join its Circular Cities Network.

Launched in October 2016, the network currently features nine cities, which have partnered to explore the application of circular economy approaches to address existing urban challenges.