• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 14 mins americavchina.com
  • 3 hours Tories on course to win majority
  • 19 hours DUMB IT DOWN-IMPEACHMENT
  • 20 hours POTUS Trump signs the HK Bill
  • 3 hours Greta named Time Magazine "Person of the Year"
  • 18 hours Winter Storms Hitting Continental US
  • 1 day WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 12 hours Aramco Raises $25.6B in World's Biggest IPO
  • 18 hours China Burns More Coal than the Rest of the World !
  • 24 hours Everything you think you know about economics is WRONG!
  • 17 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
Are Energy Stocks Hot Again?

Are Energy Stocks Hot Again?

The ill-performing energy sector could…

Oil Rig Count Rises After String Of Losses

Oil Rig Count Rises After String Of Losses

According to Baker Hughes, the…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

5 of the World's Largest Firms to Collaborate on Bioplastic Development

Polyethylene Terephthalate (PET) is one of the most commonly used plastics in the world. It is usually derived from oil, and degrades very slowly, creating huge amounts of non-biodegradable waste each year.

Coca-Cola, Ford, Heinz, Nike, and Procter & Gamble have now confirmed that they will work together on a new Plant PET Technology Collaborative (PTC) in order to accelerate the development and deployment of sustainable plant-based plastics. The new plastic will be made from 100 percent plant-based material and fibre, and be used to completely replace PET made from fossil fuels.

Coca-Cola has already launched a PlantBottle in 2009 which is partially made from plant-based materials, however the new PTC group will look to accelerate the development of a PET that is made from 100 percent plant-based materials.

Coca-Cola said that the “PTC members are committed to researching and developing commercial solutions for PET plastic made entirely from plants and will aim to drive the development of common methodologies and standards for the use of plant-based plastic including life cycle analyses and universal terminology.”

Environmentalists are worried that bioplastics will have the same negative effects as biofuels, that of occupying agricultural land, and thereby reducing the amount of food that can be grown, increasing food prices.

Erin Simon, the senior program officer of packaging at WWF, said that “sustainably managing our natural resources and finding alternatives to fossil fuels are both business and environmental imperatives. It's encouraging to see these leading companies use their market influence to reduce dependence on petroleum-based plastics. We hope other companies will follow their lead.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play