{"id":395,"date":"2020-01-19T20:15:15","date_gmt":"2020-01-19T20:15:15","guid":{"rendered":"https:\/\/ginkgoumbrella.com\/?p=395"},"modified":"2020-08-22T12:34:29","modified_gmt":"2020-08-22T12:34:29","slug":"nestle-plans-to-invest-2-billions-to-create-a-market-for-recycled-plastics","status":"publish","type":"post","link":"https:\/\/ginkgoumbrella.com\/?p=395","title":{"rendered":"Nestl\u00e9 Is planning to switch to recycled plastic in its packaging"},"content":{"rendered":"\n

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Food companies trying to reduce their consumption of plastic<\/a> have a big problem \u2014 it\u2019s hard to find suitable recycled material. Nestl\u00e9 says it\u2019s willing to spend more than $2 billion to try and fix that.<\/p>\n\n\n\n

The world\u2019s biggest foodcompany said in a statement Thursday that it would cut costs in other parts of its business to free up more than 1.5 billion Swiss francs ($1.6 billion) to buy 2 million metric tons of recycled plastic<\/a> between now and 2025.<\/p>\n\n\n\n

Nestl\u00e9 said it would be paying above the market rate for the recycled material<\/a>, part of its strategy to alleviate a shortage of used plastics suitable for food packaging by luring new suppliers into the business. Doing so shouldhelp the company meet its goal of reducing its use of virgin plastics by a third by 2025.<\/p>\n\n\n\n

\u201cMaking recycled plastics safe for food is an enormous challenge for our industry,\u201d Mark Schneider, chief executive of Nestl\u00e9, said in a statement.<\/p>\n\n\n\n

\u201cThat is why in addition to minimizing plastics use and collecting waste, we want to close the loop and make more plastics infinitely recyclable,\u201d he added<\/p>\n\n\n\n

Source: https:\/\/ktvz.com\/money\/2020\/01\/17\/nestle-is-spending-billions-to-create-a-market-for-recycled-plastics\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Food companies trying to reduce their consumption of plastic have a big problem \u2014 it\u2019s hard to find suitable recycled material. Nestl\u00e9 says it\u2019s willing to spend more than $2 billion to try and fix that. The world\u2019s biggest foodcompany said in a statement Thursday that it would cut costs in other parts of its business to[…]\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10221536779342215_279185795515506":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[22,19],"tags":[],"_links":{"self":[{"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/posts\/395"}],"collection":[{"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=395"}],"version-history":[{"count":2,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/posts\/395\/revisions"}],"predecessor-version":[{"id":397,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=\/wp\/v2\/posts\/395\/revisions\/397"}],"wp:attachment":[{"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ginkgoumbrella.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}