In some ways, yes, and in others, definitely not. I think we'll get there: I also think some plastics are made using byproducts of fuel (gas/diesel) production, and as long as that's the case, we should probably use and recycle that (or find something else to do with it). Kind of like using every part of the animal, except with oil.

https://phys.org/news/2017-12-truth-bioplastics.html