Coca-Cola invests in new partnerships to upcycle CO₂
Through these R&D projects, CCEPV will explore how captured CO₂ can be turned into useful products for the supply chain like packaging materials and sugar; used to carbonate CCEP’s soft drinks; or to create synthetic fuels to power its factories.
The research aims to develop new technology that can be used on-site and is the latest in a series of partnerships.
“We are challenging ourselves to think differently about CO₂, which is so often only seen as a dangerous waste product,” said Craig Twyford, Head of CCEPV.
"What if we could not only take CO₂ out of the atmosphere, where we know it’s causing harm but also turn it into something useful? Then we could start thinking of it as a valuable resource.
“Funding these projects is an exciting opportunity for us to be at the forefront of scientific discovery and innovation. We think it has the potential not only to significantly impact our operations, but it could also be rolled out across different industries to reduce GHG emissions and make better use of the carbon in our atmosphere.”
Carbon capture catches the CO₂ from emissions or in the atmosphere, and then uses it in the production of other goods like fuel, ingredients, and packaging.
Coca-Cola Europacific Partners - which covers 29 countries over Europe and Australasia - is targeting net zero emissions by 2040. In 2020, CCEPV announced funding for CuRe Technology, a recycling start-up that seeks to provide a new lease of life for difficult-to-recycle plastic polyester waste, and in 2022 announced a partnership with the Peidong Yang Research Group at the University of California Berkeley to develop scalable methods of converting CO₂ into sugar.
CCEPV continues to search for further partnership opportunities on greenhouse gas emissions.