View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 21, 2022

PepsiCo invests $35m in Closed Loop Local Recycling Fund

The investment is intended to help increase recycling rates and offer easy access to rPET or other packaging materials.

PepsiCo Beverages North America (PBNA), a subsidiary of US-based food and beverage company PepsiCo, is investing $35m in the Closed Loop Local Recycling Fund.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The Closed Loop Local Recycling Fund is a circular economy initiative that aims to fund and develop small-scale, modular materials recovery facilities (MRFs).

The scheme is intended to increase recycling in communities with no or limited access to recycling, reduce waste and unlock new supplies of recycled plastic.

It is managed by Closed Loop Partners, a New York-based investment firm.

Proceeds from the PBNA investment will be used to develop MRFs in communities across the US to close the gap in recycling access.

This is intended to increase recycling in communities that have limited access to recycling and reduce waste, as well as helping PepsiCo meet its PepsiCo Positive (pep+) sustainable packaging goals.

PBNA chief sustainability officer and senior vice-president Jason Blake said: “As companies – including PepsiCo – set ambitious goals to use more recycled content in their packaging, there is more need than ever for partnerships and investments to increase recycling in the US.

“We need to develop the infrastructure that makes recycling available to more Americans so we can recover the high-quality material that can be used in our packaging.

“Through pep+, our end-to-end strategic transformation, sustainability is at the heart of everything we do.

“As the exclusive investor in the Closed Loop Local Recycling Fund, we are actively driving the changes needed to transform the US recycling system and move towards a circular economy.”

The investment is part of PepsiCo’s wider efforts to create waste-free packaging and increase recycling rates in the US.

The beverage company has committed to halving its use of virgin plastic from non-renewable sources across its portfolios by 2030.

Last month, PBNA invested $15m in Closed Loop Partners’ Leadership Fund.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway