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Pactiv Evergreen commits to 100% recycled, recyclable or renewable materials

October 21/2020

MOSCOW (MRC) -- Pactiv Evergreen has announced a new goal that by 2030, 100% of its products will be made with recycled, recyclable or renewable materials, said the company.

"Consumers and brands are increasingly looking for sustainable packaging solutions. Pactiv Evergreen is committed to meeting those market demands, said John McGrath, the companys CEO. We are nearly two-thirds of the way towards our goal based on 2019 net revenues, and in the next decade, we will work to achieve that 100% goal."

The report further outlines a comprehensive sustainability strategy, which includes a new vision, mission and pillars that ground the companys current and future initiatives.

Based on 2019 net revenues, Pactiv has reached nearly two-thirds of the goal, and in the next decade, we will work to achieve that 100% goal, McGrath added. In the report, the company also noted it decreased its greenhouse gas emissions by 10% in the last five years, and that about half of its annual energy consumption comes from renewable sources, including biomass, hydropower, wind and solar.

As MRC informed earlier, chemical recycler Plastic Energy has teamed up with consumer products major Nestle on a study for a commercial large-scale plastics recycling facility in the UK. Nestle UK and Ireland has partnered with chemical recycling company Plastic Energy to develop a recycling plant in the UK. The two companies will explore the scope for the first-commercial large-scale facility of its kind in the country.

We remind that Russia's output of chemical products rose in August 2020 by 5% year on year. At the same time, production of basic chemicals increased year on year by 5.3% in the first eight months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-July output. August production of benzene fell to 102,000 tonnes from 95,300 tonnes a month earlier due to scheduled shutdowns for maintenance at several producers. Overall output of this product reached 918,300 tonnes over the stated period, down by 0.9% year on year. At the same time, August production of primary polymers rose to 888,000 tonnes against 838,000 tonnes in July due to increased capacity utilisation at ZapSibNeftekhim, Stavrolen and Gazprom neftekhim Salavat. Overall output of polymers in primary form totalled 6,630,000 tonnes over the stated period, up by 15.2%  year on year.

Pactiv Evergreen Inc. is the largest manufacturer and distributor of food and beverage packaging in North America with a diversified mix of customers, including restaurants, foodservice distributors, supermarkets, food and beverage producers, food packers and processors. Additionally, the company manufactures paper and paperboard from responsibly sourced fiber, providing supply chain confidence to customers. With over 15,000 employees, the Lake Forest, Illinois-based company helps make todays convenience-oriented lifestyle possible with products that give people the freedom to eat and drink fresh food and beverages safely anytime and anywhere.
Author:Anna Larionova
Tags:PP, PS, PE, packaging, recycling, sustainable development.
Category:General News
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