Procter & Gamble Adopts Recycled Plastic Packaging From Eastman
August 02 2021 - 9:06AM
Dow Jones News
By Matt Grossman
Procter & Gamble Co. will use recycled plastic material from
Eastman Chemical Co. in some of its products and packaging, the
companies said Monday.
Under the agreement, Procter & Gamble will adopt plastics
from Eastman's Renew brand in some of its packaging. The materials
are made using molecular recycling, enabling the reuse of plastics
that would otherwise go to landfill, according to the
companies.
Eastman and P&G also said they will collaborate to increase
collection of hard-to-recycle plastics, which Eastman will use to
create more recycled materials.
Eastman is planning to make Renew plastics at a new facility in
Kingsport, Tenn., that the company said will be complete next year
and will recycle more than 200 million pounds of plastics
annually.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
August 02, 2021 09:06 ET (13:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Eastman Chemical (NYSE:EMN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Eastman Chemical (NYSE:EMN)
Historical Stock Chart
From Apr 2023 to Apr 2024
