Petcore was founded in 1992 to promote the collection, sorting and recycling of post-consumer PET bottles. It networks with national collection agencies, governments, and the recycling industry. Used PET, or polyethylene terphthalate bottles are light-weight but once collected, sorted and pressed into bales, they become a valuable feedstock for a range of products. End markets for recycled PET include polyester fibre, sheet, strapping, and PET bottles.
In 2004, 665,000 tons of PET were collected and recycled in Europe, representing a collection rate of over 30 percent. The volume of collected PET is expected to exceed one million tons by 2010.