Coca-Cola Philippines bared the four -year progress of its World Without Waste goals — the company’s global sustainable packaging initiative to support a circular economy to eliminate waste through the continual use of the packaging as a valuable resource.
The company’s progress highlighted in the announcement includes:
• 100 percent operational status of the country’s first-of-its-kind recycling facility PETValue Philippines;
• Move to transition select Coca-Cola Original Taste and Wilkins Pure packaging to 100 percent recycled PET plastic packaging (excluding caps and labels); and
• The impact of partnerships driving collective action toward a circular economy for plastic, including supporting the set-up of over 800 collection points for used PET plastic bottles nationwide.
“At Coca-Cola, we continue to be guided by our purpose of refreshing the world and making a difference through loved brands that are produced sustainably, for a better-shared future,” Tony del Rosario, president of Coca-Cola Philippines and vice president for the East Franchise Operations of Coca-Cola ASEAN and South Pacific, said.
“It has been four years since starting our World Without Waste journey, and we understand more than ever the importance of partnership and collective action. Together, we are making good progress in accelerating the transition to a circular economy for our packaging in the Philippines, with much more still to do.”
World-class recycling facility
PETValue Philippines — a world-class bottle-to-bottle recycling facility that makes use of advanced recycling technologies — is now 100 percent operational in General Trias, Cavite.
PETValue has a projected capacity of processing approximately 2 billion pieces of used clear PET plastic bottles — thus situating itself as a major contributor to a circular economy in the country, and in creating more direct and indirect job opportunities for Filipinos.
Clear plastic bottles — regardless of brand — that are collected from partners and collection points will be recycled at PETValue Philippines. The locally produced recycled PET resin straight from the facility will be used for Coca-Cola brands in recycled PET plastic packaging — thus creating a circular economy for the company’s packaging in the Philippines.
The facility is the result of a groundbreaking partnership between Coca-Cola Beverages Philippines, Inc. — the bottling arm of Coca-Cola in the country — and Indorama Ventures, a global leader in packaging solutions and green technology.
“We are extremely proud of PETValue Philippines and our partnership with Indorama Ventures, whose global expertise in recycling technologies will prove to be an asset to the Philippines’ collective goals for sustainability,” said Gareth McGeown, president and CEO of Coca-Cola Beverages Philippines, Inc.
“Sustainability is at the heart of whom we are as a company, as proven by more than a century of Coca-Cola treating the Philippines as its home. And it is through innovations like PETValue and strengthened sustainable practices that we will be here for another 100 years, serving Filipino communities.”