The global recycling rate for plastics is still relatively low, and significant amounts of plastic waste end up in landfills or the environment. Efforts are underway to improve plastics circularity, including the development of advanced recycling technologies, the establishment of extended producer responsibility schemes, and the promotion of eco-design principles. Additionally, there is a growing emphasis on reducing single-use plastics and transitioning toward more sustainable alternatives. Achieving full plastics circularity requires a collective effort from all stakeholders including governments, industry, consumers and waste-management systems. How can the petrochemicals and plastics industry play its part by implementing effective strategies, and introducing new business and financing models that drive circularity?