5 firms team to develop plastic from plant materials

toledoBlade.com
REUTERS

Five of the biggest names in American business have formed a group to accelerate development and use of plant-based plastic.

Coca-Cola Co., Ford Motor Co., H.J. Heinz Co., Nike Inc., and Procter & Gamble Co. said Tuesday they are committed to developing a commercially viable, sustainably sourced plastic made entirely from plant materials while reducing the use of fossil fuels.

The collaboration builds on Coke's "plant bottle" packaging technology, which is partially based on material derived from sugar cane.

Heinz has licensed the technology from Coke for some ketchup bottles.

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