Share Name Share Symbol Market Type
Total SA EU:FP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.43 -0.89% 48.14 48.135 48.145 48.40 47.88 48.40 1,850,174 14:29:16

Nestle, Total Partner to Boost Plastic Recycling in France

10/12/2019 12:56pm

Dow Jones News


Total (EU:FP)
Historical Stock Chart

2 Months : From Nov 2019 to Jan 2020

Click Here for more Total Charts.

By Dieter Holger

 

Total SA (FP.FR) and Nestle SA (NESN.EB) said Tuesday that they have joined a project to boost plastic recycling in France, one of the European countries with the lowest plastic recycling rates.

The project will develop the chemical-recycling industry in the country and tackle unrecyclable plastic, including multilayered food-grade packaging that is usually incinerated or discarded.

France recycled an estimated 27% of plastic packaging waste in 2017, compared with 42% across the European Union's 28 member states, European Commission figures show.

Bernard Pinatel, president of refining and chemicals at French energy company Total, said teaming up with major players in the packaging value chain is "an important step in our ambition to produce 30% recycled polymers by 2030."

"Chemical recycling is a perfect addition to our existing mechanical recycling activities," he said.

Swiss food giant Nestle said the project furthers its goal of 100% reusable or recyclable packaging by 2025.

"Combining our expertise in a collective project to improve recycling is something we need to do to tackle the global plastic issue," said Mathieu Tuau, head of packaging and sustainability at Nestle France.

The other members of the project are engineering firms Citeo and Recycling Technologies and packaged-food company Mars Inc., famous for its Snickers and Twix candybars. Mars has a goal of 100% recyclable, reusable or compostable packaging by 2025.

"Identifying and investing in the right waste management systems is a critical part of the solution to address the plastic waste problem," said Kate Wylie, global vice president of sustainability at Mars.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

December 10, 2019 07:41 ET (12:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Total Chart

1 Year Total Chart

1 Month Total Chart

1 Month Total Chart
Your Recent History
EU
FP
Total
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200121 14:44:19