Virent signs to provide renewable PET to PTC group, including Coca-Cola, Ford, Heinz
In Wisconsin, Virent and the PlantPET Technology Collaborative (PTC) have signed an Expression of Interest that provides individual members of the PTC an option on preferred access to Virent’s 100% plant-based BioFormPX paraxylene (PX) to be produced at the company’s first industrial manufacturing facility. The plant-based PX, when combined with existing PET technology, allows manufacturers to offer customers 100% renewable, recyclable, PET packaging and polyester fibers.
The PTC is comprised of world class companies, such as The Coca-Cola Company, Ford Motor Company, H.J. Heinz Company, NIKE, Inc., and The Procter and Gamble Company, all of whom are large users of PET for packaging materials or PET polyester fiber for textiles. The PTC was formed to accelerate and support the commercial production of bio-based PET polyester.
This announcement follows support from Coca-Cola for this technology; earlier this year, Coca-Cola made a sizable investment in Virent’s commercialization of PX to scale up separation and purification of BioFormPX material. In 2011, Virent and The Coca-Cola Company entered into a strategic Joint Development Agreement and a Master Supply Agreement to develop and scale-up Virent’s BioFormPX product.
Category: Fuels
