Coke, Walmart and others kick off $100m recycling fund with three new projects

The Closed Loop Fund has has revealed its first projects in Ohio, Iowa and Baltimore as it seeks to boost dismal US recycling rates

A consortium of 10 of the US's largest corporations - including Walmart, Coca-Cola and Johnson & Johnson - has announced three new projects designed to boost dismal recycling rates in the US.

Just 34% of waste in the US is recycled, placing it well behind other developed countries such as Switzerland, which recycles more than 50% of its waste. Outdated facilities and technologies are partly to blame, as is a lack of access to something as simple as a recycling bin in many parts of the country.