Most interesting as I worked in this in the future analysis of this space at P&G. Good to see the continued advances made.
Eastman molecular recycling technologies to advance Procter & Gamble packaging goals
Innovative Eastman Renew materials reduce reliance on virgin plastic packaging
KINGSPORT, Tenn. and CINCINNATI, Aug. 2, 2021 /PRNewswire/ -- Today Eastman (NYSE: EMN) announced that it has entered an agreement with Procter & Gamble (NYSE: PG) to further accelerate the transformation of plastic packaging and collaborate on recycling solutions to enable a circular economy. P&G will use Eastman Renew materials in select products and packaging, supporting both companies' goals to reduce the use of virgin plastic from fossil resources. Additionally, the companies will collaborate on advocacy initiatives aimed at reducing reliance on virgin plastic and enabling a circular economy for many products people depend on daily.
Lee Ellen Drechsler, senior vice president of R&D at Procter & Gamble.
Scott Ballard, division president of Plastics at Eastman.
Procter & Gamble
"Eliminating waste plastic from our environment is a complex global challenge that requires a comprehensive, collaborative approach across the entire plastics lifecycle. P&G is taking a thoughtful approach to addressing the collection, processing, revitalization, and reuse of materials. That's why we selected Eastman's molecular recycling technologies which enable former waste to be transformed into useful products," explained Lee Ellen Drechsler, Procter & Gamble Senior Vice President of R&D.
Eastman Renew materials are made via Eastman's molecular recycling technologies using waste plastic that, without this technology, would end up in landfills. These advanced recycling technologies are a complement to traditional recycling, expanding the types and amounts of plastics that can be recycled. This gives materials an extended useful life and diverts plastic waste from landfills or the environment.
In addition to packaging innovation, P&G and Eastman will collaborate on initiatives addressing the infrastructure needed to increase plastic recycling rates. These efforts will complement the current recycling streams in the United States and enable additional recycling options for consumers eager to help solve the plastic waste problem. The two companies will work to expand the collection of hard-to-recycle plastics, further diverting waste from landfills. These expanded recycling streams will be used to create new materials via Eastman's molecular recycling technologies. ... '
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