AB InBev invests in Closed Loop Fund to improve glass recycling
By Martin White - Nov 28th 2018, 11:08
Anheuser-Busch InBev will invest $250,000 in Closed Loop Fund projects to improve glass recycling capabilities, in order to make further progress towards the company’s 2025 sustainability goals.
The Closed Loop Fund is a social investment fund that supports comprehensive recycling programmes across the US, with the aim of accelerating the development of circular supply chains.
This investment will help fund three glass recycling projects in Texas, the first of which will be announced in early 2019.
AB InBev says that the projects will help increase the amount of recycled glass it uses at its Longhorn production facility, helping it achieve its commitment to use 100% majority recycled or returnable packaging by 2025.
Angie Slaughter, vice-president of sustainability at Anheuser-Busch said: “We have a long history of finding innovative ways to reduce our environmental footprint and through this partnership look forward to continuing that tradition in our local Texas communities."
“Together with our Houston and Karbach breweries and Longhorn Glass, we are thrilled to be working with the Closed Loop Fund in Texas to further our 2025 Sustainability Goals as we strive to achieve our dream of building a better world.”
Ellen Martin, vice-president of impact at Closed Loop Fund added: “At Closed Loop Fund, we are exploring new regional models to add value and improve the economics for material streams like fibre, plastics, and glass."
“In a single stream environment, significant investment is needed to ensure glass maintains its value.”FoodBev
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