Groups say Closed Loop Fund better off investing in existing projects

By Jim Johnson
Senior Staff Reporter

Published: June 6, 2014 12:02 pm ET
Updated: June 6, 2014 12:07 pm ET

Related to this story

Topics Public Policy, Sustainability, Recycling
Companies & Associations Coca-Cola Co., PepsiCo. Inc., Procter & Gamble Co., Wal-Mart Stores Inc.

A self-described group of public interest organizations is going after the newly created $100 million Closed Loop Fund established to boost recycling.

The fund, recently announced at a Wal-Mart sustainable product expo, plans to invest in recycling infrastructure and “spur private and public finding for transforming the recycling system in the United States,” Wal-Mart has said.

Aside from the nation’s largest retailer, Closed Loop Fund backers include Coca-Cola, PepsiCo, Procter & Gamble, Unilever, Johnson & Johnson, Keurig Green Mountain Coffee and Goldman Sachs.

But the group of public interest organizations wants those companies backing the fund to “support proven policies to boost recycling instead, like extended producer responsibility.”

Matt Prindiville is associate director of Upstream, formerly known as the Product Policy Institute. He said $100 million seems like a lot of cash, but it should not be seen as a “game-changer.”

“It’s really just a drop in the bucket — both in terms of what it actually costs the companies, and the amount that’s actually needed to significantly boost recycling in the U.S.,” he said in a statement.

Athens, Ga.-based Upstream is joined by 5 Gyres, Eureka Recycling, Green America, Story of Stuff Project, and Texas Campaign for the Environment in calling for EPR consideration in a letter to Wal-Mart CEO Doug McMillon.


Comments

Groups say Closed Loop Fund better off investing in existing projects

By Jim Johnson
Senior Staff Reporter

Published: June 6, 2014 12:02 pm ET
Updated: June 6, 2014 12:07 pm ET

Post Your Comments


Back to story


More stories

Image

Coca-Cola closing its recycling division

October 30, 2014 3:50 pm ET

Beverage giant says it wants to work with suppliers    More

Image

Plastics News Now: The best homemade plastic Halloween costumes

October 30, 2014 6:00 am ET

A French molder opens its first North American facility, a molder takes augmented reality for a spin and we find the best homemade plastic Halloween...    More

Image

Teknor Apex expands production of recycled nylon to Europe

October 29, 2014 10:12 am ET

Materials firm Teknor Apex Co. is making its recycled nylon compounds available in Europe for the first time.    More

Image

Fakuma organizer optimistic about future

October 28, 2014 10:29 am ET

During the Fakuma trade fair, reporter David Vink spoke with fair organizer Paul Schall about where the Fakuma trade fair stands today — and...    More

Image

Trex sets quarterly sales record with more business on tap

October 28, 2014 1:09 pm ET

Composite deck maker Trex Co. Inc. set sales and earnings records for the third quarter of 2014 and is on track to see revenue reach $388 million for ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events