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Nestlé has partnered with waste management giant Veolia to improve waste collection, sorting, and recycling of plastic to divert waste from the environment and landfill.

Projects across 11 countries across Asia, Africa, Latin America, and Europe will look at developing recycling technologies suited for different markets, including pyrolysis, which Nestlé says is capable of producing virgin-quality plastic.

According to Magdi Batato, executive vice president and head of operations at Nestlé, the partnership is an important step in raising the recycled content of Nestlé’s bottled water packaging to 35 per cent, and total packaging to 15 per cent, by 2025.

“Plastic waste is a challenge that requires an ecosystem of solutions all working simultaneously. This partnership is another specific step to accelerate our efforts in addressing the critical issue of plastic waste.

“Leveraging on Veolia’s technology and expertise, we will start with pilot projects in multiple countries, with the intention of scaling these up globally,” said Batato.

Laurent Auguste, senior executive vice-president for development, innovation and markets at Veolia, says he is looking forward to working with Nestlé to boost the circular economy.

“Our expertise in resource recovery and recycling has positioned us to tackle this issue with global brands and other value-chain actors, across all continents.

“We believe it is time to move towards more recycling of materials and we are happy to help our clients be ever more inventive so they can keep improving our quality of life, whilst protecting our planet and its resources,” he said.

Nestlé aims to make 100 per cent of its packaging recyclable or reusable by 2025.

Food & Drink Business

The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Eurpacific Partners (#3), Asahi  (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.

Welcome to this year’s Top 100 edition. Each year, when we sit-down with IBISWorld to review the list, there is a sense of anticipation about what it will reveal. New entrants, big jumps and the inevitable tumbles, the list has it all.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.