Emmen, the Netherlands-based CuRe Technology has received investment from CCEP Ventures, the investment engine of Coca-Cola Europacific Partners (CCEP), marking its second investment.
The announcement comes as Coca-Cola Europacific Partners (CCEP) intends to accelerate its ambition to eliminate virgin oil-based plastic from its bottles.
CCEP plans to do it through an investment in scaling technology that offers a new lease of life for hard-to-recycle plastic polyester waste and creates high-quality rPET for food and drink packaging.
CuRe Technology uses ‘polyester rejuvenation’ to target plastics that cannot be recycled by mechanical recycling methods and prevents them from being incinerated, downcycled, or sent to landfill.
CuRe Technology’s recycling process creates high-quality rPET with a carbon footprint that is approximately 65 per cent lower than virgin PET, (based on CuRe’s life cycle assessment, carbon footprint reductions compared to virgin: 2022 figure), which can be used for food and drink packaging and re-processed as many times as necessary.
According to the company, it will offer a new lease of life for hard-to-recycle plastics, accelerating the transition to a circular economy for PET and creating a new stream of rPET.
With this move, CCEP will have access to CuRe Technology’s rPET for use in its bottles in Europe, which will be supplied by a new plant set to start production in 2025.
CuRe Technology
CuRe Technology is a consortium of recycling innovators and experts led by Morssinkhof Group and DuFor/ Cumapol Group, with strategic partners Niaga and NHL Stenden University of Applied Science.
CuRe Technology aims to recycle any used polyester by purifying it and converting it into high-grade, ready-to-use 100 per cent rPET which can replace PET from fossil-derived sources.
