Coca Cola will invest 60 million US dollars to build a plastic bottle recycling plant

Coca-Cola Company (KO) announced on Wednesday that it will invest more than $60 million to build a plastic bottle recycling facility in Spartanburg, South Carolina.

The recycling plant will produce 100 million pounds of food-grade recycled plastic annually, equivalent to producing nearly 2 billion Coca-Cola bottles with a capacity of 20 ounces.

The 30-acre facility will open in 2008 and be fully operational in 2009.

This investment is part of the Coca-Cola plan to recycle or reuse all of the polyethylene terephthalate plastic bottles in the United States.

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