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Coca-Cola Joins with Four Multinationals in Push for Biobased PET
10:52 AM MDT | June 5, 2012 | Kara Sissell
Coca-Cola, Ford Motor Company, H.J. Heinz, Nike and Procter & Gamble have formed a consortium to promote research for developing polyethylene terephthalate (PET) that is 100% derived from renewable raw materials, a move that executives say will extend demand for biobased PET into the synthetic fibers market. Coca-Cola’s PlantBottle packaging program sets the goal for all of the company's PET containers to be derived from about 30% renewables by 2020. Today, 8-10% of its PET containers use 30% biobased materials. The second stage of the PlantBottle...
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