28 Jan 2022 --- The Closed Loop Local Recycling Fund in California has received a US$35 million injection from PepsiCo Beverages North America (PBNA) to bring relief to the region’s “recycling deserts.” The circular economy initiative aims to bring small-scale modular recycling systems to communities across the US and cut virgin plastic by 50% from non-renewable sources across F&B portfolios by 2030.