MANILA - Coca-Cola Beverages Philippines (CCBPI) on Monday said it partnered with Indorama Ventures to build the country’s biggest bottle-to-bottle recycling facility.
Coca-Cola said the P1-billion facility, called PETValue, will be set up in General Trias in Cavite and is expected to be completed by 2021.
The facility would ensure that used PET plastic bottles will be “collected, processed and used again and again,” Coca-Cola said in a statement.
It is projected to handle 30,000 metric tons of plastic a year or almost 2 billion pieces of plastic bottles.
“Through PETValue, Indorama Ventures and Coca-Cola are introducing to the Philippines green technologies that will help strengthen Filipino’s commitment to sustainability—a major step in making our World Without Waste vision a reality in the Philippines,” CCBPI CEO Gareth McGeown said.
Coca-Cola said it aims to collect and recycle the equivalent of every bottle and can it sells by 2030 under its World Without Waste goal.