PETValue will present the most sophisticated innovation and facilities in the Philippines, assisting to enhance collection and recycling rates and avoid leak into waterways. The brand-new plant will motivate a more robust waste worth chain to assist attend to the growing post-consumer waste management issue in the Philippines.
The distinct animal plastic utilized in sodas and water bottles is 100% recyclable and the most gathered plastic product packaging worldwide. International brand names consisting of Coca-Cola are utilizing more recycled plastic in their bottles to close the loop and provide a circular economy.
Gareth McGeown, President and CEO of Coca-Cola Beverages Philippines, Inc., stated, “Sustainability is at the heart of who we are as a business, as evidenced by more than a century of Coca-Cola dealing with the Philippines as its house. We are exceptionally pleased with PETValue Philippines and our collaboration with Indorama Ventures, whose worldwide proficiency in recycling innovations will show to be a possession to the Philippines’ cumulative objectives for more sustainable practices and a really circular economy for recyclable plastic product packaging. It is through developments like PETValue Philippines and the strong collaborations we have actually formed with similar entities like Indorama Ventures that Coca-Cola can continue serving Filipino neighborhoods for another a century.”
