Coca-Cola Europacific Partners (CCEP) has today announced an investment into cutting-edge carbon conversion research, with the potential to create more sustainable packaging materials.
Set to be carried out by researchers at Swansea University, the project will explore a new way of manufacturing ethylene – one of the key components in plastic, such as the HDPE used to make plastic bottle caps.
The research aims to develop technology capable of using CO₂ captured from the atmosphere as an alternative to fossil fuels used during the ethylene production process, offering a potentially more sustainable way to create plastic packaging.
The project is the latest to be funded through CCEP’s innovation investment engine, CCEP Ventures (CCEPV), and follows a series of investments designed to drive innovation and sustainability progress in line with CCEP’s net zero 2040 ambition.
Craig Twyford, Head of CCEP Ventures, said: “We’re incredibly excited about the potential of this research. We know that making our packaging materials more sustainable is key to decarbonising our business, and technology will play an important role in helping us solve this challenge.
“Through Ventures, we are committed to seeking out and funding solutions that will build a better future for our business, communities and the planet. If scaled, this technology could impact both our fossil fuel use and carbon emissions and help to accelerate a low-carbon future for CCEP.”
Professor Enrico Andreoli, Head of Chemical Engineering at Swansea University and Principal Investigator of the project, said: “We’re really thrilled to be working with CCEP to develop next-generation carbon dioxide utilisation technology. We take a practical approach in our research focusing specifically on sustainable applications, and fossil-free ethylene production is certainly a key one.
“We build upon our strong background and expertise in carbon dioxide conversion and with the support of CCEP Ventures, our common goal of delivering low-carbon sustainable plastic can become a reality.”
The three-year project will initially focus on development of a highly efficient and productive CO₂ to ethylene conversion process, before evaluating scale-up options.
As part of its sustainability action plan This Is Forward, CCEP is committed to reducing the impact of its packaging and seeking to accelerate the transition to a circular economy for plastic. This investment follows previous partnerships to develop and scale cutting-edge climate technology, including a recent partnership with the University of California, Berkeley (UCB) to develop scalable methods of converting captured CO₂ into sugar, and an investment into CuRe, a technology that offers a new lease of life for hard-to-recycle plastic polyester waste.
These investments are designed to make essential raw and packaging materials more sustainable in the long-term, accelerating the potential to reduce some of the largest CO₂ contributors in supply chains, while saving material, transportation and logistics costs.
The announcement follows the news that CCEP, The Coca-Cola Company and seven other bottling partners from around the world have launched a separate $137.7 million venture capital fund focusing on sustainability investments. The fund will complement CCEP Ventures, which focuses on early stage businesses, by investing in companies at the point of commercialisation.
Source
CCEP, press release, 2023-09-07.
Supplier
Coca-Cola Co.
Coca-Cola Europacific Partners (CCEP)
Swansea University
University of California, Berkeley (UC Berkeley)
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