All Business articles – Page 17
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ArticleFunding round seeks raw material, chemical recycling, and value chain start-ups
Fifteen start-ups working in raw materials, chemical recycling, and the value chain will be rewarded with networking opportunities under the new round of Circular Valley’s Circular Economy Accelerator funding programme.
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ArticleDiversity, equity, and inclusion objectives increasing across supply chain, survey claims
A survey by Gartner reveals that nearly half of supply chain organizations have formal diversity, equity, and inclusion (DEI) objectives, rising year-over-year from 27% in 2022 to 49% in 2023 – yet 43% report higher attrition rates among underrepresented talent.
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Article"An Industry in Transition": FachPack 2018 Sets New Records
FachPack 2018 brought about 45,000 trade visitors (2016: 41,014) to Nuremberg from 25 to 27 September to learn about innovations and trends in the packaging industry.
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ArticlePlastic-to-paper shift could increase environmental footprint, says Rabobank
A new report from Rabobank warns that consumer demand to replace plastic packaging with paper is not a silver bullet in the pursuit of sustainability – citing higher energy consumption, increased carbon emissions, and the addition of extra materials that could prevent recyclability or biodegradability as contributing factors.
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ArticleExploring the role of packaging in beverage brands’ net zero strategies
With the European Union aiming to be climate-neutral by 2050, companies’ net zero strategies are more important than ever. Frances Butler takes a closer look at how beverage brand owners PepsiCo and Coca-Cola are tackling their emissions, what role packaging plays in their net zero strategies, and ...
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ArticleEurope could miss targets due to low plastic recyclate demand, report warns
According to Plastics Recyclers Europe, the total European installed plastics recycling capacity saw a 7% decline in growth rate year-on-year and reached 12.5 million tonnes in 2022 – potentially putting Europe at risk of missing legislative targets.
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ArticleInvestors to receive financial returns from plastic waste reduction and recycling projects in new bond
The World Bank has issued a seven-year, $100 million Plastic Waste Reduction-Linked Bond expected to provide investors with financial returns through plastic and carbon credits generated in waste reduction and recycling projects in vulnerable communities in Ghana and Indonesia.
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ArticleXampla seeks to scale up biodegradable coating with $7 million funding round
Xampla has raised US$7 million (€6,466,250) in its latest funding round; the money is intended to help expand its biodegradable, food-safe Morro Coating for takeaway packaging, sachets, and cups into new markets and support the transition away from single-use plastics.
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ArticleEuropean Bioplastics envisions EU action plan for biopolymer industry growth in new manifesto
European Bioplastics’ new Policy Manifesto urges the European Union to lay out a Biopolymers Industrial Action Plan and drive the growth of the bioplastics industry – suggesting that it establish harmonized regulatory framework, introduce market incentives, and drive consumer awareness of its environmental benefits.
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ArticleAluminium Deutschland calls for ‘more common sense’ in German economic policy to support aluminium production
Looking ahead to 2024, Aluminium Deutschland expresses its concern for Germany as an industrial location for aluminium, fearing that increasing over-regulation, high energy costs, and economic recession could have a serious impact on the industry.
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ArticleHubbub’s funded trials inspire five ‘key ingredients’ for successful reuse systems
Hubbub has released a report outlining the impact and learnings from six reuse projects funded by its Bring It Back Fund; the insights have revealed five ‘key ingredients’ hoped to inform the creation of further reuse and return systems for food and beverages.
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ArticleVoluntary initiatives cannot overcome plastic pollution, says World Economic Forum
At its annual meeting earlier this month, the World Economic Forum emphasized its view that voluntary initiatives are not enough to substantially reduce plastic pollution, instead backing the development of a global Plastics Treaty and encouraging businesses to unite in favour of the cause.
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ArticlePackaging industry condemns PPWR’s ‘state-run producer responsibility organizations’ in joint statement
A joint industry statement has expressed concern about the Packaging and Packaging Waste Regulation’s references to ‘state-run producer responsibility organizations’, which are feared to open legal loopholes and threaten the EU’s recycling targets and decarbonization goals.
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ArticlePackmatic’s digital packaging marketplace secures €15 million for European expansion
Packmatic has raised €15 million in a Series A funding round set to facilitate the expansion of its SaaS-enabled, B2B digital packaging marketplace in Europe and help product companies optimize the speed, cost, and sustainability of their packaging processes.
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ArticleAntalis acquires packaging distributor 100 metros in Iberian expansion effort
Antalis has acquired packaging distribution company 100 metros – Soluções de Embalagem in an effort to expand its presence on the Iberian market.
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ArticleAustria to introduce DRS with Sensoneo technology in January 2025
Starting in January 2025, Sensoneo will power a deposit return system for single-use beverage containers in Austria with its end-to-end IT system.
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ArticlePaptic raises €27.5 million in growth funding for wood fibre-based materials in 2023
By the end of 2023, Paptic closed €27.5 million in growth financing, including investments from the UB Forest Industry Green Growth Fund, Emerald Technology Ventures, SIG InnoVentures, and EIC Fund towards the end of the year.
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ArticleHydro becomes supplier for First Movers Coalition’s decarbonization efforts
At the World Economic Forum annual meeting in Davos, Hydro joined the First Movers Coalition’s “green” supplier database for the decarbonization of heavy-emitting sectors, and the First Suppliers Hub – a tool designed to help companies action their climate commitments – was launched.
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Article‘Time is running out’ to prepare for Ireland’s DRS, cautions Reconomy
Businesses must be prepared for the incoming implementation of Ireland’s deposit return scheme in February 2024, Reconomy warns, with less than two weeks left to arrange collection points.
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ArticleEurope rPE continues to face tough trading conditions although some optimism remains
Various macroeconomic conditions were blamed for hindering trading conditions for recycled polyethylene last year. Mark Victory, senior recycling editor at ICIS, runs us through his predictions as to how the cost of living, incoming legislation, and other factors might continue to impact the prices and trade of recycled polymers in 2024.