Packaging manufacturer Loop Industries, Inc., has signed a multi-year packaging supply agreement with Danone SA. The food and beverage giant will purchase 100% sustainable and upcycled Loop-branded PET from Loop’s joint venture facility with Indorama Ventures Limited in the US.
Danone will use the packaging for brands across its portfolio.
In October, Danone announced a series of new commitments and actions to ensure its packaging will become 100% circular, and to accelerate the global transition towards a circular economy of packaging. The commitments include: (1) initiatives to improve product design and develop alternative delivery and reuse models, (2) investments to develop effective, efficient and inclusive systems for increased collection and recycling, to boost recycling and (3) actions to preserve natural resources by reintegrating recycled materials into packaging and developing use of renewable materials.
Danone was one of 120 companies that earned the A grade for their action on climate change, according to annual rankings released by CDP.
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