Sector News

Coca-Cola, PepsiCo leaving Plastics Industry Association

July 24, 2019
Chemical Value Chain

The Coca-Cola Company has withdrawn from the Plastics Industry Association, and PepsiCo plans to leave at the end of 2019. The news was announced on 23 July by environmental group Greenpeace and confirmed by Dow Jones.

Greenpeace highlighted the trade association’s “secretive” lobbying against plastic bag bans. “Companies understand that they cannot publicly say they want to end plastic pollution, while financially supporting an association that lobbies for our continued reliance on throwaway plastics,” says a Greenpeace executive.

According to Dow Jones, a Coca-Cola spokesperson said that the company “withdrew earlier this year as a result of positions the organization was taking that were not fully consistent with our commitments and goals.”

The Plastics Industry Association acknowledges that Greenpeace has been pressuring prominent brands to leave the group.

“This is unfortunate — consumer brands are integral to making sustainability commitments into realities, by working with their suppliers to make lasting change,” says Patty Long, interim president and CEO. “Once again, we invite Greenpeace to work with us to help implement meaningful and sustainable advances to improve our environment, such as modernizing and expanding recycling infrastructure.”

By Clay Boswell

Source: Chemical Week

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.