The FINANCIAL -- The Coca‑Cola Company today announced multi-million dollar partnership
agreements with three leading biotechnology companies to accelerate
development of the first commercial solutions for next-generation
PlantBottle packaging made 100% from plant-based materials.
This effort to commercialize a plastic bottle made entirely from plants builds on the Company’s ground-breaking introduction and roll-out of its first generation PlantBottle package which was the first ever recyclable PET beverage bottle made partially from plants. Since introduced in 2009, the Company has already distributed more than 10 billion PlantBottle™ packages in 20 countries worldwide.
Agreements with Virent, Gevo and Avantium – industry leaders in developing plant-based alternatives to materials traditionally made from fossil fuels and other non-renewable resources – were signed following an in-depth two year analysis of different technologies by The Coca‑Cola Company’s R&D team and technical advisory board.Agreements with these three companies will help The Coca‑Cola Company support its long-term commitments through sustainable practices in sourcing and packaging supply.
While Virent, Gevo and Avantium will follow their own route to make bio-based materials, all materials will be developed in line with Company and industry recycling requirements.The Coca‑Cola Company’s first generation PlantBottle packaging is the only fully recyclable PET bottle made with up to 30% plant-based material available today. PlantBottle packaging is made up of two components: MEG, which makes up 30% of the PET, and is already made from plant materials, and PTI, which makes up the other 70%. In this next step, PTA will be replaced with plant-based materials, too.
PlantBottle packaging makes a difference by reducing our dependence on nonrenewable fossil fuels and minimizing the carbon impact of PET plastic. It is estimated the use of PlantBottle packaging in the first two years alone has helped save the equivalent annual emissions of more than 100,000 metric tons of carbon dioxide. Coca‑Cola will continue to make investments in PlantBottle technology and aims to use PlantBottle packaging for the Company’s entire virgin PET supply by 2020.
As a leader in sustainable packaging, the Company also looks for opportunities to advance smart innovation across the industry. Earlier this year, The Coca‑Cola Company announced an industry-first partnership with H.J. Heinz Company that allows Heinz to produce its ketchup bottles using PlantBottle™ technology. Heinz PlantBottle™ packaging launched this summer in the U.S.
Separately, Coca‑Cola already produces a fully recyclable HDPE (high density polyethylene) plastic that is made 100% from plant material and is available through Odwalla juice brand products. While HDPE is an ideal package for some refrigerated juice products, it is not suitable for shelf-stable carbonated and still beverages.
Related Stories
