Coca-Cola invests to explore new carbon conversion technology

Cocoa-Cola Europacific Partners (CCEP) announced its investment into carbon dioxide conversion research, with the potential to create more sustainable packaging materials.

CCEP has invested into innovative carbon dioxide utilization technology.

With researchers at Swansea University, the three-year project will explore new method to manufacture ethylene, one of the key components in plastic, such as the HDPE used to make plastic bottle caps.

It aims to develop technology to convert CO2 captured from the atmosphere, as an alternative to fossil fuels, to ethylene in efficient and productive way. This offers a potentially more sustainable way to create plastic packaging.

This investment follows previous researches, including with the University of California, Berkeley (UCB) to develop scalable methods to convert captured CO2 into sugar, and an investment into CuRe, a technology that supports circularity for hard-to-recycle plastic polyester waste.

Funded through CCEP’s innovation investment engine, CCEP Ventures (CCEPV), the project follows a series of investments, including a separate US$137.7 million venture capital fund from CCEP, the Coca-Cola Company and seven other bottling partners, to drive innovation and sustainability progress align with CCEP’s net zero 2040 ambition.