Recycling – PepsiCo Beverages NA (PBNA) Funds Deployment of Small-Scale Modular Materials Recovery Facilities

A January 20, 2022 Closed Loop Partners news release announced that PBNA has made a “… $35 million investment with Closed Loop Partners that will create the ‘Closed Loop Local Recycling Fund,’ an innovative circular economy initiative to advance new small-scale, modular recycling systems in communities across the U.S.  The fund aims to increase recycling in areas with no or limited access to recycling, reducing waste and unlocking a new supply of recycled plastic (rPET), among other valuable materials, to support PepsiCo’s pep+ (PepsiCo Positive) sustainable packaging goals … Closed Loop Partners will use the investment to deploy small-scale modular Materials Recovery Facilities (MRFs) in underserved communities that currently lack access to larger municipal MRFs …” #Recycling #PlasticWaste #SingleUsePlastic #FoodPackaging @PepsiCo @LoopFund