This news could be another blow to virgin polyethylene (PET) plastic producers.
The Coca-Cola company opened today the world's largest plastic bottle-to-bottle recycling plant in Spartanburg, S.C., which when fully operational, will produce around 100 million pounds/year of food-grade recycled PET plastic - the equivalent of nearly 2 billion 20-ounce Coke bottles.
While the new 30-acre plant will reportedly create 100 new jobs in the local community, this move could remove currently employed people within the plastic industry. 100 million pounds/year recycled PET plastic is a lot of materials that will be taken away from traditional production!
I wonder if Coca-Cola should lower their products' prices now that they are using recycled plastic bottles??
The company says the new plant will prevent the release of 1 million tons of CO2 emissions over the next 10 years. Coca-Cola says its goal is to recycle and reuse 100% of their bottles and cans in the US. The Spartanburg recycling plant is being handled by PET recycler United Resource Recovery Corporation.