The briefing on the latest beverage developments

The news and data you need to know about the industry

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International brewing firm Anheuser-Busch InBev (AB InBev) has signed an agreement to launch a chain of microbreweries at The Indian Hotels Company’s (IHCL) hotels. Under the Rs.1.5bn ($21.2m) partnership agreement, AB InBev plans to open 15 microbreweries across key locations in India over the next five years.

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The British Beer & Pub Association (BBPA) has published its 2019 Statistical Handbook, which confirms beer as the country’s favourite alcoholic drink. Research indicates that in the UK in 2018, 48,559,000hl of beer were sold.

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BevCanna to produce cannabis infused beverages for Higharchy

Canada’s infused cannabis beverages maker BevCanna has signed a definitive agreement with Higharchy Ventures to develop, manufacture and launch a portfolio of cannabis beverage brands.

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Oranco to launch blockchain-based spirits identification technology

Chinese alcohol marketer and wholesaler Oranco is set to launch its blockchain-based spirits identification and collection technology, Huaxin Cellar Blockchain platform.

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Luckin Coffee and LDC to form new juice JV in China

Luckin Coffee has signed an agreement with global commodity merchant Louis Dreyfus Company (LDC) to create a new joint venture (JV) for developing a co-branded Luckin Juice business in China.

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Heineken España has signed a long-term power purchase agreement with Spanish public multinational electric utility company Iberdrola, allowing the former to power four of its breweries and offices using renewable energy. 

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Molson Coors Canada has opened its new brewery in the Fraser Valley of British Columbia at Chilliwack.

The C$300m ($226.2m) brewery will have 100 staff members, joining the Molson Coors network of 29 breweries worldwide.

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further reading

PepsiCo issues $1bn ‘Green Bond’ to fund sustainability projects

PepsiCo has issued $1bn of 'Green Bonds' to investors, with the intention of using the funds raised from the bond sale to further sustainability initiatives in areas such as packaging and transport. While this is the first green bond that PepsiCo has issued, the company stated that the initiatives would be in line with previously announced sustainability commitments. 

Source: FoodBev Media

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