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Creating value from waste via public-private partnership

Creating value from waste via public-private partnership

Daily FT: In light of the solid waste management challenges faced, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and three of Sri Lanka’s largest Fast Moving Consumer Goods (FMCG) companies – Coca-Cola Sri Lanka Beverages Ltd. along with The Coca-Cola Foundation, Nestlé, and Unilever, have come together to launch a sustainable plastic waste management project, with the ambition of tackling plastic pollution and leveraging the untapped potential of plastic waste.
This Public-Private Partnership (PPP) named ‘Waste to Value’ aims to strengthen infrastructure on collection, segregation, recycling and upcycling of plastic waste, whilst driving a behavioural change towards a circular economy by creating awareness on the value of responsibly disposed waste to livelihoods and the environment.
Financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) as part of its develoPPP program, together with its consortium partners, the project will be conducted in two phases partnering the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government. Having initiated the groundwork in 2022, the consortium conducted a baseline survey to understand the plastic waste landscape of Local Authorities in the Western Province, including the tonnage collected, available space and potential for segregation and recycling. Following a thorough review, nine local authorities were selected for the project.
Accordingly, as the first phase, material recovery facilities will be set up to recover plastic and other recyclable waste at selected local authorities with adequate space, namely, Gampaha Pradeshiya Sabha, Homagama Pradeshiya Sabha and Kesbewa Urban Council. As the second phase, five local authorities which do not have adequate space to set up material recovery facilities will be added to the project, by encouraging residents of select areas to segregate waste at a household level.
In addition to setting up material recovery facilities, the project aims to strengthen the waste collection mechanism in the select areas by developing schemes to incentivise waste collectors and raising public awareness on the importance of responsible disposal, thereby inspiring a positive change in behaviour. It also focuses on the implementation of comprehensive training and development plans on plastic waste management for entrepreneurs and other stakeholders.
“We want to create a sustainable and resilient tomorrow for Sri Lanka and its people. Towards this end, we strive to build a sustainable plastic waste management system by working with every stakeholder of the waste value chain, from waste creators to collectors and processors, and making them part of the solution. There is value in the plastic waste ending up in landfill, and we want to promote a circular economy by recycling and upcycling these materials. We’re proud to pool together our resources, expertise, and shared sustainability goals to work towards a cleaner, greener Sri Lanka,” said GIZ, The Coca-Cola Foundation, Coca-Cola Beverages, Nestlé and Unilever in a joint statement.
“End to end plastic waste management is the need of the hour. 60% of the country’s municipal solid waste, including plastic, is generated in the Western Province. We hope this project will help us create an efficient waste management model that can be replicated in other parts of the country. We appreciate the commitment of the ‘Waste to Value’ Public-Private Partnership and look forward to working together to tackle the important issue of waste management,” said the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government Secretary Pradeep Yasarathna.

OSL take:
Given Sri Lanka’s commitment to achieving sustainable development goals, foreign businesses/investors could confidently explore the many business/investment opportunities presented by the sustainable sector. Like the above mentioned ‘Waste to Value’ project that has been launched as a public-private partnership, there are many more similar opportunities in dealing with waste management. With Sri Lanka on a steady growth path, the need to manage the waste being generated would therefore present many lucrative business/investment opportunities for foreign businesses/investors on the lookout for opportunities in Sri Lanka as well as in the South Asian region.

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