Published Oct 11, 2018 2pm EDT / 11am PDT / 7pm BST / PepsiCo has entered into a multi-year supply agreement with sustainable plastic innovator Loop Industries. The agreement will enable PepsiCo to buy production capacity from Loop’s US joint venture facility, enabling the drinks firm to incorporate Loop PET plastic, which is 100% recycled, into its packaging by early 2020. “Plastic bottles are one of our most significant environmental issues,” said Mark Petrocelli, president and CEO of PepsiCo.
PepsiCo has entered into a multi-year supply agreement with sustainable plastic innovator Loop Industries. The agreement will enable PepsiCo to buy production capacity from Loop’s US joint venture facility, enabling the drinks firm to incorporate Loop PET plastic, which is 100% recycled, into its packaging by early 2020. “Plastic bottles are one of our most significant environmental issues,” said Mark Petrocelli, president and CEO of PepsiCo.