Several leading global brands have joined hands to shift to plant based feedstock for packaging as crude oil prices continue to sky rocket. Coca-Cola Co., Ford Motor Co., H.J. Heinz Co., Nike Inc. and Procter & Gamble have come together to boost the development of 100% plant-based polyethylene terephthalate (PET) in their products including bottles, apparel, footwear, automotive fabrics and carpets. The companies have formed the Plant PET Technology Collaborative (PTC) in order to evolve a material that is partially made from plants to one made entirely from plant. The collaborative aims to drive the development of common methodologies and standards for the use of plant-based plastic including life-cycle analysis and universal terminology, which in turn will be promoted by the brands with and used by both PTC and non-PTC members globally.
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