Coca-Cola, Ioniqa Technologies work to support recycling efforts
Companies strive to design recyclable packaging
The Coca-Cola Co., Atlanta, announced a new agreement extending a loan to The Netherlands-based Ioniqa Technologies to facilitate the development of Ioniqa’s proprietary technology to produce high-grade, recycled PET content from hard-to-recycle PET waste. The agreement is designed to accelerate the development and deployment of high-grade recycled content PET for use in bottles used by The Coca-Cola Co.
This investment supports the company’s global vision to work toward a World Without Waste, which includes a goal to create packaging made of at least 50 percent recycled material by 2030. The new technology supports the circular economy for plastics by allowing packages such as colored PET bottles that could have been excluded from certain recycling streams to be recycled into food-grade quality packaging.