Coca-Cola (KO), Nike (NKE), Ford (F), P&G (PG), Heinz (HNZ) Enter Plant PET Collective

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The Coca-Cola Company (NYSE: KO), Ford Motor Company (NYSE: F), H.J. Heinz Company (NYSE: HNZ), NIKE, Inc. (NYSE: NKE) and Procter & Gamble (NYSE: PG) announced the formation of the Plant PET Technology Collaborative (PTC), a strategic working group focused on accelerating the development and use of 100% plant-based PET materials and fiber in their products. PET, also known as polyethylene terephthalate, is a durable, lightweight plastic that is used by all member companies in a variety of products and materials including plastic bottles, apparel, footwear and automotive fabric and carpet.

The collaborative builds upon the success of The Coca-Cola Company’s PlantBottle™ packaging technology, which is partially made from plants and has demonstrated a lower environmental impact when compared to traditional PET plastic bottles. Currently, Heinz licenses the technology from Coca-Cola for select Heinz ketchup bottles in the U.S. and Canada.

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