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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PepsiCo Inc | NASDAQ:PEP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.70 | 0.40% | 176.15 | 161.08 | 181.01 | 176.49 | 175.00 | 175.80 | 3,492,173 | 05:00:00 |
By Stephen Nakrosis
Frito-Lay on Thursday said it was introducing an industrially compostable bag for its Off The Eaten Path brand, part of its plan to design 100% of its packaging to be recyclable, compostable, biodegradable or reusable across its portfolio by 2025.
The new bags are currently available at Whole Foods Market and select retailers starting this month, the company said.
"We are investing in plans to scale circular food packaging that is recyclable, compostable, biodegradable or reusable and sharing that technology to build a more sustainable food system for us all," said David Allen, vice president of sustainability, Frito-Lay North America.
The company said producing materials for the new bags creates about 60% lower greenhouse gas emissions than traditional packaging, adding "the technology may be licensed to other companies at no cost to further the use across the consumer-packaged goods industry."
Frito-Lay said consumers can sign up with recycling company TerraCycle and "either mail in the packaging using the provided prepaid shipping label or locate a local composting drop-off location via the easy-to-use database."
The packaging is primarily made from non-food, plant-based sources, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 23, 2021 13:04 ET (17:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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