Coca-Cola boosts investments in recycling

COCA-COLA Philippines is elevating its efforts in investing in the recycling industry sector, with plans to open a pioneering plastic bottle recycling facility in Cavite by the first half of 2022.

In a statement, Coca-Cola said it will be opening PETValue Philippines next year, a pioneering PET plastic bottle recycling facility located in General Trias, Cavite.

The company said that the establishment of PETValue — a joint venture with Indorama — is expected to help spur domestic recycling capabilities and the development of a circular economy for PET bottles. It will also provide job opportunities and contribute to the local economy.

“At Coca-Cola, we’re fully committed to make our vision of a World Without Waste come to life. This requires continued dedication and tangible efforts from us working in close partnership with industries, recyclers, local governments and other organizations, even consumers,” said Tony Del Rosario, Coca-Cola Philippines President and Vice-President for Franchise Operations for the Asean and South Pacific Unit-East Asia Region.

Today, many companies and brands are designing their packages with recyclability in mind and working hard to boost rates of collection and recycling. With technological advancements increasing by the decade, recyclers have found more efficient and faster ways to recycle PET plastic packaging and give the empty containers a second life.

In the Philippines, Coca-Cola is making progress toward these goals. In 2019, the beverage company introduced the Philippines’ first beverage bottles made from 100-percent recycled plastic material with the launch of its Viva! Mineralized Water and Sprite 500-milliliter clear bottles made from 100-percent recycled plastic.

All these, according to Coca-Cola Philippines, is the company’s efforts towards accelerating the transition to a circular economy in the country. The company is involved in many local partnerships that empower households and communities with information, resources and technology on proper waste segregation.

Coca-Cola believes that while recycling is only one of many solutions to help address the global plastic waste problem, its significant contribution toward reducing the amount of plastic that ends up in the environment cannot be underestimated. Good collection and recycling infrastructure help create a circular economy, it added.