Coca-Cola Phils. to invest P1Billion for recycling facility in PH

Coca-Cola Phils. to invest P1Billion for recycling facility in PH




Good news for Filipino eco-warriors, and for the environment in general.

Coca-Cola Philippines just announced that it has allocated P1-billion for the establishment of a food grade recycling facility to help the country’s sustainability efforts.
The project, which aims to collect, sort, clean and wash PET (polyethylene terephthalate) bottles, is Coca-Cola's first major investment in a recycling facility in Southeast Asia, Coca-Cola Philippines said in a statement. 

(photo credit to owner)

"Coca-Cola has called the Philippines its home for 107 years and counting, and we want to do our part in ensuring sustainability within its shores," Coca-Cola Beverages Philippines Inc president and CEO Gareth McGeown said. 
The completion of the PET collection and recycling rates in the country will have a direct benefit in the creation of more jobs for Filipinos.

This investment of Coca-Cola is part of its company project “World Without Waste" global commitment, Coca-Cola aims to collect and recycle the equivalent of every bottle and can it sells by 2030.
McGeown said. All cans and bottles of Coca-Cola is "100 percent recyclable" and have value as a recycled material.


It was further announced that Coca-Cola plans to use an average of 50 percent recycled content in its packaging, including PET bottles.





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Report from ABS-CBN News

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