Patty Long, Senior VP of Industry Affairs with SPI: The Plastics Industry Trade Association, issued remarks regarding Ellen MacArthur Foundation’s report, "The New Plastics Economy: Rethinking the Future of Plastics." Report estimates that 95% of the value of plastic packaging material, a total worth $80-120 billion annually, is lost to the global economy due to the fact that many of these items are only used once. SPI shares the goal of trying to reclaim that lost value.