“And there’s just not enough local supply. So we’ve got together with Veolia and we’re going to have a good hard look at whether we can make that work and make the economics stack up. And I think that would be really positive if we can,” she said.
The firms have created a joint project team to examine a plant’s potential economic feasibility, size, location and end-to-end requirements.
At the moment we’re importing that recylced plastic, and we’d love to be able to source some of it at least, from Australia.
Alison Watkins, Coca-Cola Amatil managing director
The companies did not put a precise time-frame on the work, but Ms Watkins signalled the process could take “months, certainly not years”.
Nor did the companies put any estimated cost on a possible plant, but Ms Watkins said it would be a “national” plant. Currently, Coca-Cola imports recycled plastic from Taiwan.
Veolia Australia and New Zealand chief executive Danny Conlon said: “We’re delighted to be working with our Amatil colleagues on this important initiative. It comes at a critical time for Australia where we need to be doing more to resolve ongoing issues around plastics and their potential to be recycled.
At its investor day Coca-Cola reiterated its commitment to returning the company to mid single-digit earnings per share growth from 2020.
It also said Western Australia would adopt a container deposit scheme in 2020 and Tasmania in 2022. It added that the introduction of these schemes would “be staged” and have less of an impact than the schemes introduced in NSW and Queensland.
The company told investors that its Australian beverages business was “positioned for growth in 2020”, while other divisions such as Indonesia and alcohol and coffee were also expected to deliver growth.