Nestle to Spend Up to $2.1 Billion on Recycled-Plastic Plan
- Food giant to pay premium for food-grade recycled plastic
- Supply of such plastic is limited because it’s hard to make
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Nestle SA plans to spend as much as 2 billion Swiss francs ($2.1 billion) in a plan to push the plastics industry to address the dearth of recycled packaging that’s safe to use for food.