What If We Turned Plastic Into Fuel?

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Plastic production is predicted to keep skyrocketing in the next ten years, and our planet is going to pay the price. But, with all that plastic being made, is it possible we could do some good with it? What if we were to use all that plastic and convert it into fuel? Could our cars run on fuel created from plastic? Could we live in plastic fueled homes?
How could we convert plastic into fuel? Would it help us? And could there be a downside?