07 November 2012 14:43 [Source: ICIS news]
BERLIN (ICIS)--The dominance of oil as the primary feedstock for petrochemicals is likely to end long before fossil fuel supplies finally run out, according to a director of US beverage giant Coca-Cola.
Speaking at the annual conference of industry body European Bioplastics, Coca-Cola’s director of environment and water resources for Europe, Klaus Stadler, said: “The stone age did not end because of a lack of stone, and the oil age will end long before we run out of oil.”
Stadler claimed that the sugarcane-derived polethylene terephthalate (PET) used in some of its drink bottles would become cheaper than conventional PET by 2020, due to falling sugarcane PET production costs and increasing conventional PET costs.
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