“The EU Single-Use Plastic Directive, which came into effect last month, mandates that caps stay connected to bottles throughout the European Union,” said John Bissell, Origin Co-Founder and Co-CEO. “Our PET cap innovations are perfectly suited for that regulatory environment—and frankly any environment. We expect many other regions to introduce their own tethered beverage cap requirements as well, following the example of the EU. With our leading PET cap technology and manufacturing systems, we are extremely well positioned to address a $65 billion caps and closures market that consumes billions upon billions of caps per year which today cannot be recycled into new caps, only downcycled.”
Bissell added: “If you’re going to keep caps connected to bottles, the logical thing to do is make the cap and the bottle from the same material: PET. Otherwise recycling centers face the problem of separating tethered HDPE or polypropylene caps from PET bottles. With our solution, caps and bottles can be recycled together easily with no need to separate. That’s a real breakthrough for recycling circularity because it increases purity and keeps valuable, high-performing PET plastic in the loop.”
