With this partnership, PepsiCo will rollout product packaging made with 100% recycled plastic by the end of the decade.
Drinks giant PepsiCo and Loop Industries, US-based sustainable plastic firm, have entered into a multi-year supply agreement. With this partnership, PepsiCo will rollout product packaging made with 100% recycled plastic by the end of the decade.
Loop will provide PepsiCo with production capacity at its factory in the US, which produces PET plastic using 100% recycled materials.
Mehmood Khan, Vice Chairman and Chief Scientific Officer, PepsiCo, said, "Loop's technology enables PepsiCo to be a leading force in ensuring plastic packaging need never become waste. This partnership represents a step-change that will empower PepsiCo in our drive towards creating a circular economy for plastics."
Daniel Solomita, Founder and Chief Executive of Loop Industries, stated, "We are very proud to supply PepsiCo with Loop branded PET plastic. Working with a global food and beverage giant like PepsiCo will further establish the value proposition of the Loop brand and mission – to accelerate the world's shift toward sustainable plastic and away from the traditional, take, make and dispose economy."
The agreement will further include marketing and communications plan to raise consumer awareness of the importance of recycling, sustainability and the circular economy.