Polyethylene Terephthalate, PET, is one of the most commonly used plastics in the world. It is usually derived from oil, and degrades very slowly, creating huge amounts of non-biodegradable waste each year.

The new plastic will be made from 100-percent, plant-based material and fiber, and be used to completely replace PET made from fossil fuels.

Read full article on cnbc.com...

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