Coca Cola Beverages Philippines (CCBPI) has announced plan to invest in a new recycling facility in the Philippines. Expected to cost P1 billion, the recycling facility will convert waste plastic bottles into new ones. The facility – based on the circular economy concept - will collect, sort, clean and wash post-consumer PET plastic bottles and turn them into new ones.
The investment is part of Coca Cola’s global commitment to collect and recycle every bottle and can it sells by 2030 – which is in line with its goal to have a “World Without Waste.”
CCBPI is expected to engage with local partners in Philippines as well as work with an internationally-recognized green technology company for the facility.
For more recent updates on plastics recycling in South East Asia, attend CMT’s RecyclePlast Asia on 13-14 November, 2019, in Bali.
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