FRANCE: Coca-Cola Enterprises to invest US$8.4m in recycling JV
Coca-Cola Enterprises is setting up a recycling JV
Coca-Cola Enterprises (CCE) is investing EUR6.5m (US$8.4m) in a JV to expand a PET recycling plant in central France.
The partnership with the plant's owner Appe will increase the Beaune site's recycling capabilities by 70% to 390m PET bottles a year, CCE said today (3 October). The EUR9m initiative will boost CCE's aim to cut its carbon footprint per bottle by one third by 2020, the company said.
Appe invested EUR10m in the plant in 2010 to take it up to its current capacity.
CCE is also funding a research partnership to explore how behavioural changes can improve home recycling rates in the UK and France, the Coca-Cola bottler said.
“These initiatives aim to address two of our biggest challenges in this area - improving recycling rates by influencing consumer behaviour at home and meeting the increasing demand for recycled PET through investments in strategic infrastructure projects,” CCE chairman & CEO John Brock said.
In May, CCE announced it was targeting consumers in the UK to boost recycling rates.
Companies: Coca-Cola Enterprises
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