Coca-Cola European Partners invests in Loop Industries to supply rPET plastic
Coca-Cola European Partners (CCEP) is making a new strategic investment to purchase from Loop Industries a supply of 100% recycled PET (rPET) plastic to accelerate the increased use of recycled materials in the creation of its bottles.
“Like all responsible companies, we need to be selective in choosing our packaging materials so that we continue to eliminate waste and work to reduce the environmental impact,” said Ron Lewis, chief supply chain officer, CCEP. “Investments like this one with Loop Industries support our goal to ensure that at least 50% of the material we use for our PET bottles comes from recycled plastic, and will help us divert more materials from landfills and build a stronger circular plastic economy.”
CCEP expects to be using Loop rPET in its product packaging by early 2020, and it supports the Coca-Cola System’s global vision to work toward a World Without Waste. Loop is a provider of enhanced recycling technology that makes available new sources of high quality rPET, which previously could not be used due to colorant or other recyclability obstacles.