Davos: Big food\, consumer goods firms join TerraCycle\'s Loop waste-free shopping platform

Davos: Big food, consumer goods firms join TerraCycle's Loop waste-free shopping platform

Reuters  |  DAVOS, Switzerland 

DAVOS, (Reuters) - Some of the world's largest consumer goods and and companies have joined a new initiative, to be launched this year, aimed at collecting used and other durable packaging from homes and re-using them.

U.S. waste firm TerraCycle announced the project -- to be run through an called Loop -- on Thursday at the in the Swiss ski resort of where waste and pollution is a major theme.

"There is no need to clean and dispose of the package. As consumers finish their products, they place the empty package into one of their Loop Totes. Loop will pick up directly from their home," TerraCycle said in a joint statement.

(Reporting by Mark Bendeich; editing by Jason Neely)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 24 2019. 16:00 IST