Plastics in the time of pandemic
TerraCycle Mars Nestle Unilever Include USA Procter & Gamble Walgreens Loop Kroger
TO RECYCLE OR REUSE? — Tom Szaky isn’t rooting for the collapse of the recycling business — but he is prepared to capitalize on it. Szaky, founder of reusable packaging startup Loop, is trying to persuade Americans to return to the days of the milkman, only this time shampoo, peanut butter and ice cream would arrive on doorsteps in specially designed containers and the empties returned for refills. “When less things become recyclable, our relevance increases,” Szaky tells The Long Game. “We’re a reaction to a failing recycling system.”
Loop works with brands including Procter & Gamble, Unilever, Nestlé and Mars to create durable packaging that Loop cleans and sells back to them. Kroger plans to begin selling Loop products in some of its West Coast grocery stores by the end of this year, and Walgreens stores on the East Coast will join next year, Szaky says. The company is valued at $100 million, with more than 100,000 customers so far on its online testing platforms.