PepsiCo invests $35 million in local recycling in the U.S.

New York-based investment firm Closed Loop Partners has launched the Closed Loop Local Recycling Fund, a circular economy project to develop recycling systems for underserved American communities
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Launched on January 20, 2022, the project is funded by a $35 million investment from PepsiCo North America Beverages
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Closed Loop Partners will use the funding to deploy small-scale, modular recycling systems in rural areas and small cities that lack access to recycling due to their remoteness from larger municipal material recovery facilities (MRFs) or a lack of funding
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Smaller recycling systems are less capital-intensive than traditional MRFs and reduce the costs and greenhouse gas emissions associated with transporting recycled materials to remote recycling centers
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In addition, each small recycling system can recover at least 8,000 tons of material per year – including plastic, paper, glass and metal – and keep 400 tons of rPET in circulation each year
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PepsiCo's investment in the local recycling fund will support local MRF development projects
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Fast Company recently reported that these small recycling projects cost just $1.
5 million, compared to $30 million for new large recycling centers, a figure that Closed Loop Partners confirmed
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In addition to promoting recycling and reducing waste, the Closed Loop Local Recycling Fund will launch new rPET supplies to support PepsiCo's pep+ sustainable packaging strategy
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