The Coca-Cola Company, Ford Motor Company, H.J. Heinz Co, Nike, Inc. And Procter & Gamble Co Form Collaboration To Accelerate Development Of Products Made Entirely From Plants

The Coca-Cola Company, Ford Motor Company, H.J. Heinz Company, NIKE, Inc. and Procter & Gamble 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. This new collaborative was formed to support new technologies in an effort to evolve today’s material that is partially made from plants to a solution made entirely from plants.