The Coca-Cola Company has signed a loan agreement to support Netherlands-based Ioniqa Technologies in the production of high-grade recycled PET content.

The hard-to-recycle PET content will be used to manufacture bottles used by The Coca-Cola Company.

Ioniqa has developed a new recycling technology to convert PET waste such as coloured bottles into purified polymer building blocks, which are then reconfigured into high-quality PET.

Ioniqa is also constructing a 10-kilo metric tonne industrial plant in the Netherlands, and expects it to be commissioned next year.

Ioniqa CEO Tonnis Hooghoudt said: “Partnering with The Coca-Cola Company is a further validation of our journey to launch this unique process for transforming hard-to-recycle PET waste into high-quality, food-grade material.

“The Ioniqa process allows for significant recovery and reuse of plastic materials that might not otherwise be recycled, while delivering quality food-grade PET.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The Ioniqa process allows for significant recovery and reuse of plastic materials that might otherwise not be recycled.”

As a part of its ‘World Without Waste’ vision, Coca-Cola aims to create packaging from at least 50% recycled material by 2030. The investment in Ioniqa Technologies is part of this initiative.

The Coca-Cola Company chief innovation officer Robert Long said: “Our investment in new and pioneering recycling technologies is an opportunity for significant movement toward closing the loop and creating a circular economy for PET.

“We plan to continue investing in developing the right partnerships and initiatives.”

Ioniqa Technologies is a clean-tech spinoff from the Eindhoven University of Technology in the Netherlands. It focuses on creating different products from waste using indigenous circular technology.