Tag Archives: recycling

Nestle SA to invest 2bn Swiss francs in recycled plastics

Nestle SA

Swiss food and beverage giant Nestle SA on Thursday announced an ambitious programme to invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over the next five years to reduce its use of virgin plastics in favour of food-grade recycled plastics.

The company said it also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.

Coca-Cola Nigeria donates $100,000 for MEDIC

Coca-Cola

THE Coca-Cola Foundation has given $100,000 grant to Mental and Environmental Development Initiative for Children (MEDIC) to implement a Recycling Scheme for Women and Youth Empowerment (RESWAYE).

The company said it is a further testament of its commitment to empowering women, youths and building sustainable communities.

SON to set new standard for plastic recycling

SON

The Standard Organisation of Nigeria (SON) has announced plans to work with stakeholders in the food and beverage industry to develop a standard that could save Nigeria N1.8tn annually in plastic importation.

The regulator said the new standards would improve production processes of plastics and ensure safety and the quality of products, adding that it would also lead to an increase of its use which would provide opportunities for employment rather than expending the nation’s hard-earned resources on importation.

Ecobank Nigeria hits milestone with removal of two million PET bottles from the environment

Ecobank Nigeria has announced the successful removal of two million plastic bottles from the streets and drains of Lagos State. The Pan African bank which launched the campaign in May had set a target of removing four million PET bottles from the environment as part of its environmental sustainability campaign. The bank rolled out the initiative in May telling Lagos residents to turn in their used plastic bottles in exchange for cash at designated locations across the state.

Ecobank to pay cash for Used PET Bottles

In marking its sustainability week this year, Ecobank Nigeria has asked residents of Lagos State to bring used plastic materials, soft drink and water bottles amongst others to its Corporate head office in Victoria Island, Lagos, in exchange for cash.

According to the bank, the objective is to remove non-biodegradable materials from the environment towards a healthy and safe living.

The bank stated that its target was to remove four million used PET bottles from the streets and drains of Lagos through this initiative.

Coca-Cola and bottling partners to boost recycling of PET in East, Southern Africa with $38m investment

Coca-Cola has announced new collection and recycling plans for PET plastic in Southern, East and Central Africa for the next three years.

The company, in partnership with its bottling and industry partners in the region, will invest around US$38m to boost recycling industries and educate consumers about recycling.

Recycling firm invests $8m in Ogun facility

Lexsz Plastics Limited, a polyethylene terephthalate plastic bottle recycling firm based in Ogun State has invested $8 million in a 10-acre factory located along the Lagos/Ibadan expressway.

The company said it made the investment after China, the world’s biggest importer of recycled plastics banned its import in 2018. The company exported most of its products to China.