STOCK TITAN

Frito-Lay and Quaker Open New Industry-Leading Greenhouse Learning Center to Fast-Track Sustainable Packaging Innovation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

On April 4, 2023, Frito-Lay and Quaker launched a Greenhouse Learning Center at their R&D headquarters in Plano, Texas, aimed at accelerating the development of sustainable packaging. This innovative facility will field test and analyze compostable packaging to meet PepsiCo's pep+ goal of 100% recyclable, compostable, biodegradable, or reusable packaging by 2025. The center will significantly expedite the certification process for new packaging, moving products to market faster. The initiative underscores PepsiCo's commitment to sustainability and aims to set new industry standards while reducing greenhouse gas emissions from packaging.

Positive
  • Opening of the Greenhouse Learning Center to expedite sustainable packaging innovation.
  • Alignment with PepsiCo's commitment to achieve 100% sustainable packaging by 2025.
  • Potential to accelerate product certification, enhancing market readiness.
  • Focus on compostable packaging could strengthen environmental reputation and attract eco-conscious consumers.
Negative
  • None.

PLANO, Texas, April 4, 2023 /PRNewswire/ -- Frito-Lay and Quaker today announced the opening of an industry-leading Greenhouse Learning Center at its R&D headquarters. The Learning Center will be used to field test, measure, and analyze compostable packaging with an aim to speed up the rate of innovation. This facility represents a key milestone to achieve the company's PepsiCo Positive (pep+) packaging goal to design 100 percent of packaging to be recyclable, compostable, biodegradable or reusable by 2025.

"Our sustainable packaging vision is to build a world where packaging need never becomes waste," said Denise Lefebvre, senior vice president of R&D for PepsiCo. "We're actively changing our own compostable snack packaging technologies. By sharing these technologies, we're inviting the industry to make these changes as well. We are prioritizing, investing in and expediting projects to build a more circular, inclusive economy."

The R&D packaging team will use the Greenhouse Learning Center to test the biodegradation properties of compostable packages in different environments to accelerate learnings, validate lab results through simultaneous, real-time experiments as packaging formulations are improved and iterate packaging solutions quicker.

The Learning Center is intended to enable packaging products to move from testing to certification-ready at least two to three times faster in an effort to drive the business and the entire industry forward. The new facility, the first of its kind across PepsiCo globally, is located next to and complements the existing prototyping lab where compostable packaging is born. It also aims to actively change industry standards by educating partners and stakeholders on the benefits of transitioning to compostable packaging, demonstrate circularity with biodegradable materials and provide training to co-ops and visitors.

The R&D team at Frito-Lay and Quaker has been conducting research and forming strategic partnerships for many years to improve the packaging process. After releasing the world's first 100% commercially compostable chip bags in 2010, Frito-Lay and Quaker continue to make progress in evolving its compostable packaging.

"We look forward to leveraging key findings from the Greenhouse Learning Center, alongside our scale, reach, and expertise across North America and globally, to drive progress across our organization and the entire industry," said David Allen, chief sustainability officer, Frito-Lay and Quaker. "We must work together to inspire positive change for the planet and people, and Frito-Lay and Quaker are proud to be leading the way."

Building on its learnings from the launch of Off The Eaten Path's next-generation, commercially compostable packaging, the company introduced other options made from 85% renewable plant materials that produce approximately 60% lower greenhouse gas (GHG) emissions than traditional snack bags. Moving forward, the company will be focused on home-compostable packaging and packaging that's biodegradable, and research conducted at the Greenhouse will play a key role.

PepsiCo has integrated sustainability into its business for several decades and, in 2021, the company announced PepsiCo Positive (pep+), an end-to-end transformation that puts sustainability at the center of how the company will create growth and value. It has established goals under one comprehensive framework: Positive Agriculture, Positive Value Chain and Positive Choices. For more information about pep+ visit PepsiCo.com/PepsiCoPositive.

About Frito-Lay North America
Frito-Lay North America is the $23 billion convenient foods division of PepsiCo, Inc. (NASDAQ: PEP), which is headquartered in Purchase, NY. Frito-Lay snacks include Lay's and Ruffles potato chips, Doritos and Tostitos tortilla chips and branded dips, Cheetos snacks, Stacy's pita chips, PopCorners popped-corn snack, SunChips multigrain snacks and Fritos corn chips. The company operates 30+ manufacturing facilities across the U.S. and Canada, more than 200 distribution centers and services 315,000 retail customers per week through its direct-store-delivery model. Learn more about Frito-Lay at the corporate website, www.fritolay.com, on Twitter (@fritolay), on Instagram (@fritolay) and on Facebook (Frito-Lay).

About The Quaker Oats Company
The Quaker Oats Company, headquartered in Chicago, is a unit of PepsiCo, Inc., one of the world's largest consumer packaged goods companies. For more than 140 years, Quaker's brands have served as symbols of quality, great taste and nutrition. Quaker® Oats, Quaker® Rice Cakes and Quaker Chewy® Granola Bars are consumer favorites. For more information, please visit www.QuakerOats.com, www.Facebook.com/Quaker or follow us on Twitter and Instagram @Quaker.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/frito-lay-and-quaker-open-new-industry-leading-greenhouse-learning-center-to-fast-track-sustainable-packaging-innovation-301789364.html

SOURCE Frito-Lay North America

FAQ

What is the purpose of the Greenhouse Learning Center opened by Frito-Lay and Quaker?

The Greenhouse Learning Center is designed to field test and analyze compostable packaging, accelerating innovation in sustainable packaging solutions.

When was the Greenhouse Learning Center opened by Frito-Lay and Quaker?

The Greenhouse Learning Center was opened on April 4, 2023.

What are PepsiCo's sustainability goals regarding packaging?

PepsiCo aims to make 100% of its packaging recyclable, compostable, biodegradable, or reusable by 2025 as part of its pep+ sustainability initiative.

How will the Greenhouse Learning Center impact the packaging certification process?

The facility is expected to enable packaging products to move from testing to certification-ready at least two to three times faster.

What are the environmental benefits of the new packaging innovations being developed?

The innovations aim to reduce greenhouse gas emissions and improve the biodegradation properties of packaging in various environments.

PepsiCo, Inc.

NASDAQ:PEP

PEP Rankings

PEP Latest News

PEP Stock Data

218.08B
1.37B
0.15%
77.59%
1.35%
Beverages - Non-Alcoholic
Beverages
Link
United States of America
PURCHASE