Nestlé, PepsiCo, Unilever, Mars and Mondelēz propel UK flexible plastic recycling with new fund

By: Gyarmati Orsolya Date: 2021. 05. 28. 08:10

Producer compliance scheme Ecosurety and environmental charity Hubbub are launching The Flexible Plastic Fund, a UK industry initiative aimed at making flexible plastic recycling economically viable for recyclers and easier for consumers.

The Fund has already received £1 million (approximately US$1.4 million) in backing from Mars UK, Mondelēz International, Nestlé, PepsiCo and Unilever.

The Fund intends to improve flexible plastic recycling and reduce plastic pollution by giving the material a stable value, which will, in turn, increase the supply of recycled plastic and meet the forthcoming UK plastic packaging tax requirements.

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