MANILA, Philippines — The Philippines’ Board of Investments (BOI) has granted pioneer status to PETValue Philippines, now set to be the country’s first bottle-to-bottle, food-grade recycling facility. PETValue will establish the most advanced and world-class technologies in the Philippines to produce more sustainable packaging innovations and to help improve the collection and recycling rates of polyethylene terephthalate (PET) plastic bottles. State-of-the-art recycling technologyAmong the contributors to the growing post-consumer plastic waste problem in the country is the lack of proper waste management infrastructure. With the PETValue facility establishing a total economic system for recycling, a more robust waste value chain will be developed. Towards global environmental impactPETValue plays a critical role in advancing Coca-Cola’s World Without Waste goal in the Philippines.

Source: Philippine Star January 15, 2021 10:07 UTC