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Coca-Cola entered into partnerships with leading biotechnology companies Virent

December 20/2011

(PlastEurope) -- To fulfil its goal of replacing its entire virgin PET supply with its proprietary PlantBottle packaging by 2020, beverage giant Coca-Cola Company (Atlanta/USA) has entered into three multi-million dollar partnerships with leading biotechnology companies Virent (Madison, Wisconsin/USA), Gevo (Englewood, Colorado/USA) and Avantium (Amsterdam/The Netherlands). The agreements were signed after the global drinks producer completed an in-depth two year study of the different technologies available to produce renewable PET.

Coca-Cola entered into partnerships with leading biotechnology companies Virent
While the technology to make bio-based materials in a lab has been available for years, we believe Virent, Gevo and Avantium are companies that possess technologies that have high potential for creating them on a global commercial scale within the next few years, said Coca-Colas vice president Commercial Product Supply Rick Frazier. Under the terms of the agreements, each company is to further develop its own route to bio-based materials in line with Coca-Colas standards and recycling requirements.
 


Specifically, Virent will work on its trademark BioForm PX plant-based paraxylene, which will be used by Coca-Cola to make 100% bio-based PTA, which in turn will be mixed with bio-based MEG to produce PlantBottle PET. Welcoming the agreement, Virent CEO Lee Edwards said both companies would progress development and engineering together. Virent plans to launch commercial-scale production of BioForm PX in early 2015. Once its plant is up and running, most of the PX produced there will be allocated to Coca-Cola.


mrcplast.com

Author:Marina Ivanova
Tags:PET.
Category:General News
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