Coca-Cola signs Virent, Gevo and Avantium
Coca-Cola announced multimillion dollar partnership agreements with Virent, Gevo and Avantium to accelerate development of the first commercial solutions for next-generation, trademarked PlantBottle packaging made from 100 percent plant-based materials.
Coke says this news builds on its first-generation PlantBottle package, which was the first-ever recyclable PET beverage bottle made partially from plants. Since introduced in 2009, Coke has already distributed more than 10 billion PlantBottle packages in 20 countries worldwide.
Agreements with Virent, Gevo and Avantium were signed following an in-depth, two-year analysis of different technologies by Coke's R&D team and technical advisory board.
Agreements with these three companies will help Coke support its long-term commitments through sustainable practices in sourcing and packaging supply. While Virent, Gevo and Avantium will follow their own route to make biobased materials, all materials will be developed in line with Coke's and industry recycling requirements.