Through the acquisition, Alpek will gain more than one million tons of PET sheet, resin, thermoform packaging, and recycling capacity.
Beverage behemoth’s support will drive Closed Loop Partners’ development of small, local recycling facilities and boost recycled PET (rPET) supply.
The Problematic and Unnecessary Materials List includes plastic cutlery and straws, PETG, and PVC. Industry associations slam initiative as non-scientific and rooted in ideology.
Milestone notes that partnership with SC Johnson accounts for half the total.
“We are encouraging governments and stakeholders to create real markets for recyclable materials and reduce system costs on a large scale,” says Delterra CEO Shannon Bouton, a former sustainability guru at McKinsey & Co.
The agency has no objection to food packaging made from the company’s post-consumer recycled LLDPE film with up to 100% PCR content.