Big U.S. Firms Team Up On Developing Plant-Based Plastics

"Five of the biggest names in American business have formed a group to accelerate the development and use of plant-based plastic."

"Coca-Cola Co, Ford Motor Co, H.J. Heinz Co, Nike Inc and Procter & Gamble Co said on Tuesday they are committed to advancing research and development to support a commercially viable, sustainably sourced plastic made entirely from plant materials, while reducing the use of fossil fuels.

The collaboration builds on Coke's "plant bottle" packaging technology, which is partially made from material derived from sugar cane. Heinz has already licensed the technology from Coke for some Heinz ketchup bottles."

Martinne Geller reports for Reuters June 6, 2012.

Source: Reuters, 06/06/2012