Nestlé Waters North America (NWNA) is supporting US start-up Timeplast in developing a new technology to help reduce plastic pollution impact on environment.
The investment is part of NWNA’s strategy to find multiple and simultaneous sustainable packaging solutions that will address plastic waste challenge.
NWNA vice-president and chief sustainability officer David Tulauskas said: “For more than five years, we’ve brought to market an increasing number of bottles made with other bottles and launched campaigns to inspire consumers to recycle their bottles helping to drive toward a circular economy.
“As we make progress toward a zero-waste future, we’re enthusiastic to build on our work by exploring alternative technologies such as those presented by Timeplast.”
NWNA will be offering financial and other support to assess the technology by integrating its standards for food-grade packaging with Timeplast’s technology.
Under this investment, the two companies have created a limited liability company named as TPN Alliance Polymers, which will be based in Coral Gables, Florida.
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.
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 formBy GlobalData
Timeplast CEO Manuel Rendon said: “With Nestlé Waters’ packaging and recycling expertise, we are excited to continue testing the capabilities of a technology that we will work together to bring to market.
“This is a steppingstone of our company’s big plan to a world where all plastics are transformed based on their expected use.”
In July this year, NWNA expanded its sustainable packaging to three more US domestic still water brands including the Ozarka Brand, Deer Park Brand and Zephyrhills Brand.