27 Jul '18, 11am

@McDonalds Joins @Starbucks and Closed Loop to End Cup Waste

Group including the world’s two largest food & beverage retailers will identify and commercialize a recyclable and compostable cup globally NextGen Cup Challenge launches in September with up to $1M in funding to awardees July 17, 2018 – The NextGen Cup Consortium and Challenge, convened by Closed Loop Partners, announces that McDonald’s joins Starbucks as a founding member of the group joining together to develop a global recyclable and/or compostable cup solution. This announcement follows recent commitments by both companies to drive innovation of their packaging and help reduce waste. McDonald’s is committing $5 million in partnership with Closed Loop Partners to help launch the NextGen Cup Consortium and Challenge announced earlier this year, bringing the total funds dedicated to the Challenge to $10 million. The Challenge kicks off in September and invites innovators...

Full article: https://news.starbucks.com/press-releases/mcdonalds-joins...

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