One (1) billion pesos will be invested in a recycling facility to convert old/used plastic bottles to new ones. This is the commitment being made by Coca Cola Beverages Philippines Inc. (CCBPI). CCBPI is Coca Cola’s bottling arm.
CCBPI is currently going through discussions with possible partners, as well as a green technology company.
“Utilizing the circular economy concept, the recycling facility will be collecting, sorting, cleaning and washing post-consumer PET (polyethylene terephthalate) plastic bottles and turning them into new ones,” writes the Philippine Star.
As of writing, no details have been given on the location of the recycling facility.
A commitment to the environment
“Coca-Cola has called the Philippines its home for 107 years and counting, and we want to do our part in ensuring sustainability within its shores,” said CCBPI president and CEO Gareth McGeown.
The investment is integral to Coca Cola’s World Without Waste vision – a 2030 target. The company is committed to collecting and recycling every bottle and can it produces and sells.
“Our Coca-Cola bottles and cans are 100% recyclable and have value as a recycled material. Our aspiration with this facility is to close the loop on our packaging by helping turn old bottles into new ones. This facility is testament to our resolve in making our World Without Waste vision a reality across the country, with real positive impact not just across our value chain, but also in the communities where we belong,” he added.
“World Without Waste is an important and very ambitious goal and we are confident that by working together with our partners, we can deliver on our commitments here in the Philippines. The bottle-to-bottle closed loop investment that we are announcing today is a model for how we want to grow sustainably and responsibly.”
“We recognize that there is a packaging waste problem in the world today and this investment is one of the ways we are stepping up to be part of the solution for the long-haul,” said McGeown.
CCBPI’s recycling facility is seen to create more jobs in the waste materials value chain. Included in this chain are the steps of picking and collecting used bottles.
The investment is going to be a first, not just in the country but in the region.
A corporate trend?
Recently, San Miguel Corporation (SMC) also announced that their subsidiary, San Miguel Yamamura Packaging Corp., was trying to create a hub for materials recovery and recycling.
via Philippine Star / Louella Desiderio