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Coke Joins with Multinationals In Push for Biobased PET

7:39 AM MDT | June 15, 2012 | —Kara Sissell

Vitters: Moving effort into the fibers space. Coca-Cola, Ford Motor Co., 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 from resins into the polyester fibers market. Coca-Cola’s PlantBottle packaging program sets the goal for all of the company’s PET containers to be derived about 30% from renewables by 2020. Today, 8%-10% of its PET containers use 30%...

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