Closed Loop Partners forms consortium to recover food packaging

November 10, 2021 (Last Updated November 10th, 2021 09:24)

The consortium is a multi-year collaboration managed by Closed Loop Partners' Centre for the Circular Economy.

Closed Loop Partners forms consortium to recover food packaging
Closed Loop Partners’ venture capital arm invests in early-stage companies developing ‘breakthrough’ solutions for the circular economy. Credit: Design-a-thon Works / Flickr.

Closed Loop Partners’ Centre for the Circular Economy, together with PepsiCo and the NextGen Consortium, has begun a multi-year collaboration to increase compostable packaging recovery rates in the US.

Named the Composting Consortium, the collaboration aims to test industry-wide solutions and develop a plan for investment in technologies and composting infrastructure to move towards a circular packaging economy.

The Centre for the Circular Economy will manage the consortium, with PepsiCo and the NextGen Consortium being founding members.

Colgate-Palmolive, Kraft Heinz, Mars and Target are supporting partners of the consortium, while the Biodegradable Products Institute and the US Plastics Pact are industry partners.

Centre for the Circular Economy managing director Kate Daly said: “We’re excited to work together with leading brands and retailers, including PepsiCo and the partners of the NextGen Consortium, as well as the entire composting value chain–from global brands to composters and packaging manufacturers–to accelerate much-needed solutions.”

In addition to developing a roadmap for investment, the consortium will find suitable practices to help consumers understand compostable packaging labelling and collection.

It will also work together to identify best practices to inform policymaking.

Advisory partners for the consortium include the Compost Manufacturing Alliance, the Foodservice Packaging Institute, Google, ReFED, the Sustainable Packaging Coalition, TIPA, University College London and the World Wildlife Fund.

PepsiCo global sustainable packaging and sustainability strategy vice-president Burgess Davis said: “Building on our initiatives to improve the circularity of compostable packaging, we are thrilled to work toward this goal as a Founding Partner of the Composting Consortium.

“This unprecedented collaboration with the NextGen Consortium and leading foodservice and consumer goods brands can forge a clear path forward for compostable packaging, strengthening it as a viable alternative to plastics and preventing it from going to waste.”