Coca-Cola Amatil today announced it had entered into a Heads of Agreement with global leader in resource management Veolia Australia and New Zealand, to explore opportunities for a recycled plastic processing plant in Australia.
The potential recycling plant would focus on recycling PET plastic, which is the material used in plastic bottles.
Coca-Cola Amatil’s Group Managing Director Alison Watkins said Amatil and Veolia had established a joint project team to consider a potential plant’s economic feasibility, size, scale and location, end-to-end requirements and potential integration into each company’s value chains.
Watkins said the joint project team would leverage each company’s expertise and experience in respective parts of the production and recycling process as part of considering a potential plant.
Veolia Australia and New Zealand CEO and Managing Director Danny Conlon said, “We’re delighted to be working with our Amatil colleagues on this important initiative.
“It comes at a critical time for Australia where we need to be doing more to resolve ongoing issues around plastics and their potential to be recycled.”