Citigroup Inc. and Bank of America Corp. [bac] said separately on Thursday they plan to issue credit cards made with recycled plastic made from old credit cards. Citi said the rollout of its recycled PVC plastic (rPVC) cards will start in Europe, Middle East, and Africa (EMEA) region, before being distributed globally. Citi said its rPVC cards will be made with 85% recycled industrial waste per finished card in a process that will reduce CO2 emissions by 36% compared to a standard PVC card. For its part, Bank of America said it would transition all plastic credit and debit cards to be made from at least 80% recycled plastic starting in 2023. Bank of America has also been issuing digital cards since 2019. Bank of America issues 54 million consumer and commercial cards every year. It said the recycled plastic card effort will help reduce more than 235 tons of single-use plastics.
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