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One of the big, thorny challenges in circular plastics is how to affordably turn old plastic into new feedstock. As more companies commit to producing plastic packaging from recycled materials, the question remains about where all the recycled feedstock will come from. Up to now, recycling common items such as plastic water bottles has proved difficult and usually not cost-effective.
Canada-based startup Loop Industries is trying to change that. It is emerging as a leader in meeting the growing demand for high-quality post-consumer recycled (PCR) plastics. This week, Loop announced a multi-year supply agreement with PepsiCo that will enable the food and beverage giant to purchase production capacity from Loop’s United States facility, and to incorporate Loop’s 100 percent recycled PET plastic into its packaging by early 2020.