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    Home > Chemicals Industry > Rubber Plastic News > $15 million investment in plastic packaging recycling, Unilever in action for 2025 goals

    $15 million investment in plastic packaging recycling, Unilever in action for 2025 goals

    • Last Update: 2022-11-10
    • Source: Internet
    • Author: User
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    Unilever North America has made a $15 million investment in the Leadership Fund of Closed Loop Partners, which is expected to recycle about 60,000 tons of U.
    plastic packaging waste annually by 2025, a figure that Equivalent to more than half of Unilever's plastic footprint in North America


    Influenced by new investments and continued use of PCR plastic packaging (about 59,000 tons per year), Unilever will further cement its commitment to collect and process more plastic packaging than it sells by 2025

    The Closed Loop Partners Leadership Fund is a private equity fund that acquires and grows companies along the value chain, working to increase recycling and keep valuable materials in a circular economy and out of landfills

     Fabian Garcia, president of Unilever North America, said: “We believe that in a circular economy, plastic can be reused rather than end up in the environment
    We are advocating for the transformation of the recycling system into a In a world without waste, we desperately need commercial investment to help make this happen


    Unilever North America invests $15 million in plastic recycling 

    Ron Gonen, founder and CEO of Closed Loop Partners, said: "Unilever is a pioneer and leader in the economic, social and environmental value of incorporating circular economy principles across its business.
    , the key is to move from ambitious commitments and goals to tangible actions and progress


    Unilever's existing investment in the Leadership Fund, as well as our Infrastructure Fund, will help keep valuable materials circulating in the manufacturing supply chain by promoting best-in-class circular business models, supporting technological breakthroughs and sustainable innovation , thereby accelerating the transition to a more circular supply chain
    "Unilever aims to collect and dispose of more plastic packaging than it sells, as part of a series of pledges for a "no waste world"


    These global commitments include: halving the use of virgin plastic; ensuring that all plastic packaging is reusable, recyclable or compostable; and using at least 25% PCR plastic in packaging
    Half of the plastic packaging used by Unilever North America is PCR plastic


    The investment in the Closed Loop Partners Leadership Fund will help ensure that Unilever has more supply of PCR plastic and increased access to recycled plastic feedstock processed by the companies the Fund invests in

    In addition to private investment in improving recycling, Unilever is also advocating for producer responsibility legislation that would significantly increase the broader investment the industry needs to retrofit recycling systems

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