During 2011, Gevo, Inc. announced a groundbreaking agreement with The Coca-Cola Company to create renewable paraxylene from plant-based isobutanol. This initiative is accelerating the development of Coca-Cola’s second-generation PlantBottle™ packaging made entirely from renewable plant-based materials.
Gevo is working with Coca-Cola to enable and deliver an integrated system to produce renewable paraxylene, a key building block in reaching Coca-Cola’s vision of creating all of their packaging from renewable materials. The work is designed to take the technology from lab to commercial scale and support Coca-Cola’s efforts to lead the beverage industry away from fossil-fuel-based packaging by offering an alternative made completely from renewable resources.
“While the technology to make bio-based materials in a lab has been available for many years, we believe Gevo possesses technologies that have high potential to create it on a global commercial level within the next few years,” says Rick Frazier, Vice President Commercial Product Supply, The Coca-Cola Company. “This is a significant R&D investment in packaging innovation and is the next step toward our vision of creating all of our PET plastic packaging from responsibly sourced plant materials.”
Coca-Cola identified Gevo as a leader in the race to commercialize renewable PET following an exhaustive search and evaluation of technologies from around the world. The global market for PET is approximately 50 million metric tons and has a value of $100 billion, with approximately 30 percent used for plastic bottles. In this next generation of PlantBottle™ packaging, Coca-Cola plans to produce plastic beverage bottles made entirely from renewable raw materials.
“New technologies need champions,” says Patrick Gruber, Ph.D, CEO of Gevo. “The Coca-Cola Company is in a unique position to drive and influence change in the global packaging supply chain. You cannot ask for a better champion than one of the world’s most respected and admired consumer brands.”