Beverage manufacturer Coca-Cola has announced a joint venture with British recycling company ECO Plastics Ltd. to develop a PET recycling facility in Lincolnshire, UK. CCE is making an equity investment of £5m to help with the construction of the plant, while ECO Plastics will raise another £10m to finance the project. The project partners expect to commission the facility by next year and raise the volume of PET bottles reprocessed in the UK from around 35,000 tonnes to 75,000 tonnes per year. The joint venture will also help CCE achieve its target of including 25 per cent rPET in all its plastic packaging in the UK by 2012, the company said.
Coca-Cola Enterprises launches joint venture in UK
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