CCEP Ventures invests in new partnerships to upcycle CO₂
CCEP Ventures (CCEPV) announced two new partnerships with European research groups at Universitat Rovira i Virgili (URV) in Tarragona, Spain and the University of Twente (UT) in the Netherlands, to accelerate their research into carbon capture technology. 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 from CCEPV to support a more sustainable future.
Carbon capture is a means of achieving reduced carbon emissions and is an important method of tackling climate change. It works by capturing the CO₂ that is present in an emission source or even in the atmosphere and then using it in the production of other goods like fuel, ingredients, and packaging. The latter of which can then also be recycled, thus contributing to a truly sustainable, circular future.
These partnerships are part of CCEPV’s efforts to find, fund and foster transformative solutions that can support CCEP in reaching its net zero 2040 ambition. 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 actively seek further partnership opportunities that bring it closer to achieving a 30% reduction of absolute GHG emissions across CCEP’s value chain by 2030.
