All Business articles – Page 4
-
Article
Europe 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.
-
Article
Investors 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.
-
Article
Xampla 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.
-
Article
European 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.
-
Article
Aluminium 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.
-
Article
Hubbub’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.
-
Article
Voluntary 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.
-
Article
Packaging 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.
-
Article
Packmatic’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.
-
Article
Antalis 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.
-
Article
Austria 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.
-
Article
Paptic 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.
-
Article
Hydro 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.
-
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.
-
Article
Europe 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.
-
Article
Infinity Recycling’s Circular Plastics Fund reaches €135 million in fifth close
Upon the fifth close of its Circular Plastics Fund in December 2023, Infinity Recycling has reached €135 million in committed capital from various institutional investors, with which it aims to support advanced recycling companies to scale up their operations.
-
Article
A look at Starbucks’ journey towards a more sustainable cup
Starbucks has outlined its roadmap towards more sustainable coffee cup consumption, which involves designing cups, straws and lids for recycling or composting; accepting consumers’ reusable cups in all North American order channels; and sharing recyclability data between stores.
-
Article
New alliance targets harmonized regulation for sustainable food packaging
A coalition of non-profit industry and non-governmental organizations have formed the Alliance for Sustainable Packaging for Foods, intending to work with global governments and regulators to pursue safe, sustainable, holistic, and harmonized food packaging regulation.
-
Article
Environmental footprint software Pickler receives €500,000 in funding round
Independent footprint software startup Pickler has raised €500,000 in a funding round and aims to help packaging companies calculate, share, and reduce their emissions effectively, as well as overcome greenwashing in sales and marketing.
-
Article
Russian invasion of Ukraine slashed prices and wood shipments in 2023, says WRI
In its Global Forest Industry Summary for 2023, Wood Resources International attributes tightening hardwood pulplog supply, decreased Russian lumber shipments and prices, and uncertainty in the European energy market to Russia’s invasion of Ukraine.