Nestlé to Invest $2 Billion for Recycled Plastic Packaging
January 19, 2020Nestlé, the world’s largest food company, said it will invest up to $2 billion for recycled plastic packaging.
The company said that it will invest in technology to source more recycled plastic for packaging its products and it will reduce its use of new plastics by one third in the next five years.
The food and beverage giant, which packages most of its food and bottles with plastic, is regularly criticized for being one of the top plastic polluters in the world. In recognition of the plastic waste crisis, the company has vowed to make all of its packaging 100 percent recyclable by 2025.
“We are high up on the list because we are one of the largest companies out there in packaged goods and now we’re also taking pretty big steps in using our size to actually solve the problem,” said Chief Executive Mark Schneider.
