ISLAMABAD: PepsiCo and Novatex Limited signed a Memorandum of Understanding (MoU) to conduct trials on recycled plastic bottles to assess them for future commercial production in the Pakistan market. Both entities signed this MoU at the Pakistan pavilion of Expo 2020 in Dubai in the presence of the Special Assistant to the Prime Minister of Pakistan on Climate Change Mr. Malik Amin Aslam.
The MoU signing is an extension of the existing collaboration between PepsiCo and Novatex Limited whereby over 5,000 tons of plastics was collected and recycled. Going forward the companies will work together on significantly scaling up the collection of used plastic bottles in Pakistan and commercializing the use of bottles made from recycled plastics.
Head of Public Policy and Government Affairs, PepsiCo Pakistan, Khurram Shah present at the signing ceremony remarked, "This is a meaningful step forward towards our vision of developing a circular economy for plastics. We are making every effort to develop scale solutions for recycling which can benefit the entire industry".
Copyright Business Recorder, 2021
Comments
Comments are closed.