Every Bottle Back, Closed Loop Partners invest in Evergreen

Read the full story at Recycling Today.

The American Beverage Association and the Ohio Beverage Association, in partnership with Closed Loop Partners, are investing $5 million toward Evergreen’s $22 million expansion of its polyethylene terephthalate (PET) recycling plant in Clyde, Ohio. Half of the $5 million investment is from the American Beverage Association in partnership with Closed Loop Partners through the beverage industry’s Every Bottle Back initiative, and the other half from Closed Loop Partners’ Infrastructure Fund.

Earlier this year, Evergreen announced its plans to double production capacity at its plant to 80 million pounds of recycled PET (rPET) annually by 2022.

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