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Loop signs multi-year supply agreement with Coca-Cola for 100% recycled PET
Issue date:07/12/2018
CPRJ Editorial Team
(SC)
Loop Industries will supply 100% recycled PET plastic to Coca-Cola.
Loop Industries will supply 100% recycled PET plastic to Coca-Cola.

Loop Industries, Inc., a technology innovator in sustainable plastic, recently announced that they have entered into a multi-year supply framework with the Coca-Cola system's Cross Enterprise Procurement Group ("CEPG").

Loop will supply 100% recycled and sustainable LoopT PET plastic ("LoopT PET") from Loop's joint venture facility with Indorama Ventures Limited in the United States to authorized Coca-Cola bottlers who enter into supply agreements with Loop.

This arrangement continues the rapid and exciting progress being made by Loop as it commercializes its breakthrough depolymerization technology which will help reduce global plastic waste and enable major global brands to meet their sustainability goals.

"Investments like this one with Loop Industries support our goal to ensure that at least 50% of the material we use for our PET bottles comes from recycled plastic, and will help us divert more materials from landfills and build a stronger circular plastic economy," said Ron Lewis, Chief Supply Chain Officer, Coca-Cola European Partners, a bottler member of CEPG.

As the demand for sustainable packaging solutions continues to grow, Loop Industries has emerged with transformational technology that allows no and low value plastics to be diverted, recovered and recycled endlessly into new, virgin-quality LoopT PET plastic.

"We are very proud to become a supplier of LoopT branded PET resin to the members of the Coca-Cola system's Cross Enterprise Procurement Group," said Daniel Solomita, Founder and CEO of Loop Industries. "We are especially pleased to be able to assist Coca-Cola's authorized bottlers as they work to meet their recycled content ambitions."

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