16 Jan 2020 --- Nestlé has announced an investment of up to 2 billion Swiss francs (US$2.08 billion) to pioneer the shift from virgin plastics to food-grade recycled plastics and accelerate the development of innovative sustainable packaging solutions. Building on its 2018 commitment to make 100 percent of its packaging recyclable or reusable by 2025, the food and beverage giant says it will reduce its use of virgin plastics by one third in the same period whilst working with others to advance the circular economy and clean up plastic waste from oceans, lakes and rivers.
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