Coca-Cola has announced that it will spend $60 million on an enormous recycling plant in Spartanburg, South Carolina in 2008. The plant will process nearly two billion 20-ounce bottles annually. The company says that it intends to boost its recycling rate from the current 10 percent to 30 percent by 2010.
The target equates to 100 million pounds of recycled polyethylene terephthalate (PET) plastic. Coca-Cola estimates that the operation will prevent one million tonnes of carbon dioxide emissions over the next decade. The plant is seen as a response to recent criticism of soft-drink companies whose packaging recycling rates have remained relatively stagnant, and whose increasing volume of used beverage containers for such products as single-serve bottled water are flooding recycling programs and landfills.
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