COCa-COLa has struck a landmark deal to build Europe's biggest plastic bottle recycling plant in North Lincolnshire. The world's biggest drinks maker has set up the ?200m joint venture with Eco Plastics, a recycling firm backed by Eddie Truell, the veteran private equity investor. Eco Plastics already operates Britain's largest plastic r e c y c l i n g f a c i l i t y i n Hemswell. Coke will invest ?5m of the ?15m required to construct a new plant that will feed its growing requirements for reused plastic. It has signed a 10-year agreement to take the plant's output. Coke aims to use 100% recycled material in its packaging by 2020. In the UK, it produces more than four billion bottles and cans a year. Truell said: "This really transforms the prospects for Eco Plastics as a business."