Unilever has announced a partnership with start-up company Ioniqa and the largest global producer of PET resin Indorama Ventures to pioneer a new technology that converts PET waste back into virgin grade material for use in food packaging.
Ioniqa has developed a proprietary technology that is able to convert any PET waste — including coloured packs — back into transparent virgin grade material. The technology has successfully passed its pilot stage and is now moving toward testing at an industrial scale.