Nestle Invests $30 Million for Financing Recycled Plastics
September 07 2020 - 9:06AM
Dow Jones News
By Giulia Petroni
Nestle SA said Monday that it would allocate $30 million to
contribute to the shift from the use of virgin plastics to recycled
plastics for food containers in the U.S.
The Swiss food and beverage giant said the investment will be
allocated to the Closed Loop Leadership Fund, the private-equity
fund Closed Loop Partners, which finances companies advancing a
circular economy.
Nestle will have access to plastics processed by the companies
in which the fund invests. The amount is part of an overall
investment by Nestle of up to 2 billion Swiss francs ($2.19
billion) for sustainable-packaging solutions.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 07, 2020 08:51 ET (12:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Apr 2023 to Apr 2024
