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Big Beverage Companies To Urge Vietnam To Create Plastic Recycling Program

June 25, 2019: 12:00 AM EST
Amid growing global outrage over plastic waste in the planet’s oceans, beverage major Suntory Holdings announced collaboration with rivals Coca-Cola and Nestlé to encourage the Vietnam government to create a large-scale plastic recycling system. Japan has said it will discuss the problem at the G20 summit it is hosting this month. Suntory told Reuters it plans to switch out pure petroleum-based plastic bottles in all markets by 2030, using only recycled or plant-based materials at a cost of $467 million. Recycling plastic is a vexing problem in Southeast Asia, which lacks lacks sophisticated systems for collecting, sorting, and treating used plastic. Vietnam Prime Minister Nguyen Xuan Phuc has said he wants his country to phase out single-use plastics by 2025 using unspecified “drastic measures.”
"Japan’s Suntory joins rival Coca-Cola to push Vietnam on plastic recycling", CNBC, June 25, 2019, © CNBC LLC
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