Nestle's Nespresso Launches Paper-Based Compostable Coffee Capsules - Nestle (OTC:NSRGY)

Nestle ADR NSRGY Nespresso coffee business is planning to introduce a new range of paper-based home compostable capsules.
The capsule features proprietary technology, including the biopolymer lining inside that protects the coffee against oxidization.
Nespresso’s coffee masters have also created four new blends, including an organic coffee, sourced through the Nespresso AAA Sustainable Quality Program that is compatible with the paper capsules.
The product aims at people have access to a compost and will widen the already available sustainable option of aluminum capsules.
Nespresso offers over 100,000 aluminum capsule recycling collection points in 70 countries, giving almost 90% of customers access.
The paper capsule product is certified for composting, both home and industrial, by TÜV Austria.
The new range will pilot initially in France and Switzerland on the Nespresso Original system and will be extended to other European countries within a year.
"We are excited to announce our first ever paper-based home compostable capsule, which will complement our offering of aluminum capsules that are both recyclable and made using 80% recycled aluminum," said Guillaume Le Cunff, Nespresso CEO.
Price Action: NSRGY shares closed higher by 0.78% at $116.23 on Friday.
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