Coca-Cola will invest more than $19 million in a PET recycling facility in the Philippines, marking the company’s first plastics recycling operation in Southeast Asia.
The company this month announced the facility as part of its World Without Waste campaign, according to a number of media outlets, including Philippine business journal Business Mirror. The plant will collect, sort and process post-consumer bottles into flake, according to GMA News Online. The flake will be used to produce new beverage containers, textiles, furniture and more.
The facility, which will be located near Manila, will have a capacity of 35.3 million pounds per year, according to media outlets.
The new plant is a joint venture between The Coca-Cola Co. and two unidentified companies, which GMA News described as “a reputable local company and an internationally-recognized green technology partner in recycling.”
The project will break ground later this year.
Photo credit: Trong Nguyen/Shutterstock
More stories about brand owners
- Plastic industry’s $1B waste effort begins to outline projects
- Brand owner Campbell’s sets recycling targets
- Ocean plastics venture announces first investments