Mar 20, 2019 (MarketLine via COMTEX) --Copyright (C) 2019 Datamonitor. All rights reserved

NestlA(C) and resource management company Veolia are set to join forces to develop new methods for collecting and recycling plastic materials with a particular focus on flexible plastic packaging.
Nestlé and Veolia will work on the waste collection, sorting and recycling of plastic material and target 11 priority countries across Asia, Africa, Latin America, and Europe to initiate the projects.The partnership will also explore technologies to establish viable models of recycling in different countries. Nestlé aims to increase the recycled content of its bottled water packaging to 35% and its overall product packaging to 15% by 2025.This includes chemical recycling technologies such as pyrolysis, which can produce virgin-quality plastic.Nestlé executive vice-president Operations head Magdi Batato said: “Plastic waste is a challenge that requires an ecosystem of solutions all working simultaneously.“Leveraging on Veolia’s technology and expertise, we will start with pilot projects in multiple countries, with the intention of scaling these up globally.”Nestlé’s partnership with Veolia follows a series of initiatives to address plastic waste, which is in line with its commitment to making 100% of its packaging recyclable or reusable by 2025 as announced in January.Veolia Development, Innovation and Markets senior executive vice-president Laurent Auguste said: “Our expertise in resource recovery and recycling has positioned us to tackle this issue with global brands and other value-chain actors across all continents.“We believe it is time to move towards more recycling of materials and we are happy to help our clients be ever more inventive so they can keep improving our quality of life, whilst protecting our planet and its resources.”

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