Nestlé will invest up to CHF 2bn to create a wider market for food-grade recycled plastics and will reduce its use of virgin plastics by one third as part of efforts to make 100% of its packaging recyclable or reusable by 2025.
The Plastics Technology Center, AIMPLAS, along with 11 enterprises and technological European centers, has launched the InnoREX project, to develop a new technology of PLA (polylactic acid) production.
The top five plastics packaging companies in Europe have nearly all been involved in some form of major corporate change or restructuring, according to Applied Market Information (AMI).
