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PepsiCo to cut the use of virgin plastic by 50%

September 22/2021

MOSCOW (MRC) -- PepsiCo wants to cut the use of virgin plastic by 50% serving and use 50% recycled content in plastic packaging by 2030, said Canplastics.

Beverage and food supplier PepsiCo has announced a new goal to cut virgin plastic per serving by 50 per cent across its global food and beverage portfolio by 2030 as part of its new pep+, or PepsiCo Positive, company initiative.

In a Sept. 15 news release, the company also said it plans to use 50 per cent recycled content in its plastic packaging by 2030.

According to the news release, 11 European markets are moving key Pepsi-branded products to 100% rPET bottles by 2022. PepsiCo estimates that shifting to a 100 per cent recycled PET (rPET) bottle will lower greenhouse gas (GHG) emissions by approximately 30 per cent per bottle.

And in the U.S., all Pepsi-branded products will be converted to 100 per cent rPET bottles by 2030, with Pepsi Zero Sugar beginning to be sold in 100 per cent rPET bottles by 2022.

Finally, PepsiCo says it has been investing in food packaging technology and is now introducing a fully compostable bag made with plant-based materials. Starting with Off The Eaten Path, one of Frito-Lays plant-based brands, this industrially compostable packaging will be available to consumers in the U.S. at Whole Foods stores beginning this month, company officials said.

These moves are part of the larger pep+ initiative, which PepsiCo officials call a strategic end-to-end transformation that puts sustainability at the centre of how the company will operate.

As per MRC, petrochemical majors Dow, LyondellBasell and NOVA Chemicals on Wednesday announced a new USD25 million Closed Loop Circular Plastics Fund to stimulate polymer recycling. The fund, which is expected to eventually invest USD100 million, will invest in technology. companies and infrastructure projects that will improve the recovery and recycling of polymers, including polyethylene (PE) and polypropylene (PP), in the United States and Canada.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, PET-granulate, Pepsiko Holdings, Dow, LyondellBasell, Nova Chemicals, recycling.
Category:General News
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