Coca-Cola invests in start-up to promote recycling management for PET
Coca-Cola European Partners (CCEP), the world's largest independent bottling company of Coca-Cola, is taking another important step towards producing beverage bottles from 100% recycled PET. The investment fund for innovation CCEP Ventures invests in the Dutch recycling start-up CuRe Technology, which wants to give a new life to food-grade plastic-polyester residues by means of a novel technology.
obs/Coca-Cola Deutschland/Walter Verwaal
Coca-Cola European Partners is thus supporting research into improved recycling technologies that will help to make a closed-loop recycling economy for PET a reality and thus ensure that the material is constantly recycled in consistent quality.
The support enables the start-up to accelerate development from the pilot phase to market maturity. Once this is achieved, CCEP will receive the largest share of the high-quality, food-grade recycled PET (rPET) and intends to use it for the production of its beverage packaging.
Joe Franses, Vice President of Sustainability at Coca-Cola European Partners , points out: "CuRe is a technology start-up with transformation potential. It gives us access to rPET material that will help us achieve our goal of offering 100% rPET beverage packaging".
Josse Kunst, Chief Commercial Officer at CuRe Technology, explains: "Polyester is one of the most reversible plastics in the world and should not be wasted. The support of CCEP Ventures will enable us to start recycling opaque and difficult to recycle food grade PET. This will bring us a big step closer to our vision of being able to recycle any type of polyester over and over again".
On the way to a recycling economy
With this investment, CCEP is underlining the declared aim of its sustainability action plan "This is Forward" in Western Europe that no packaging should end up in waste. For this reason, the company is continuously working to make the entire cycle from the production of packaging to recycling as sustainable as possible. By 2025, a can or bottle is to be collected throughout Europe for every can or bottle sold and it is to be ensured that all packaging is 100% recyclable. By 2023, Coca-Cola will also ensure that at least 50% of its PET bottles are made from recycled material.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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