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Coke, Asahi lead joint venture to recycle 1 billion PET bottles annually

As a step forward in leading a circular economy, Asahi Beverages and Coca-Cola Europacific Partners (CCEP) have signed a joint venture with Pact and Cleanaway to build and operate a new PET recycling facility in Australia. 

A circular economy means materials constantly flow in a “closed-loop”, rather than used just once and discarded. In the case of plastic, the new recycling facility will process an equivalent of 1 billion bottles each year to produce 20,000 tonnes of recycled PET bottles and food containers.

“We are delighted to be able to bring a scaled cross-industry solution that solves for the local production of recycled resin,” said Sanjay Dayal, CEO and MD, Pact Group

“This partnership shows the value of a solution that works for industry and consumers.”

The proposed facility will process raw plastic material collected via Container Deposit Schemes and curbside recycling and use state-of-the-art sorting, washing, decontamination and extrusion technology.

Peter West, CCEP VP and GM in Australia, Pacific, and Indonesia, said that this new joint venture would deliver a collaborative cross-industry solution to recycle materials the companies use in production. 

“Together, we can work towards creating a circular economy for PET within the beverages industry, ensuring that we are using more locally processed recycled content for the production of our bottles in Australia,” he added.

The plant’s location is yet to be determined, and construction is expected to be complete by 2023.

 

 

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