All Business articles – Page 8
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The Coca-Cola Company strips back environmental goals and extends deadline
The Coca-Cola Company has lowered the ambition of its voluntary environmental goals. Having extended its timeframe to 2035, it now aspires to achieve 40% recyclate in its primary packaging and collect 75% of the bottles and cans it markets, among other targets.
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Lignin Industries gains distribution partner for biobased plastic
In a new partnership agreement, Hellyar Plastics will help bring Lignin Industries’ patented, recyclable, biobased material made from lignin to market and reduce industrial reliance on fossil-based plastics.
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Industry reacts to INC-5 as negotiators fail to complete Global Plastics Treaty
PepsiCo, Zero Waste Europe, Reloop, the Ellen MacArthur Foundation, Greenpeace, WWF, and UNEP are among the industry players commenting on the lack of progress in a Global Plastics Treaty at INC-5. Generally, they commend the vast majority’s unity against alleged “obstructionism”, but highlight gaps in the draft text and express disappointment at further delays in negotiations.
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EMR Reusable Steels targets carbon reduction with reusable material
EMR Reusable Steels recently received the Recycled Product of the Year award at the National Recycling Awards for its steel sections - removed from end-of-life buildings and reused in new projects - said to offer a 97.5% carbon reduction compared to virgin steel sections.
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Berry develops PE bag solution with 50% PCR for Schomburg
Berry Global has developed a ventilated PE bag solution that contains 50% post-consumer recycled plastic content (PCR) for construction chemicals company Schomburg, aiming to reduce its product losses and carbon footprint.
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High costs, low demand, and imports stall Europe’s plastic recycling capacity
According to new data from Plastics Recyclers Europe, the continent’s recycling capacity has stagnated with a year-on-year increase of only 6% in 2023; this is reported to mark its lowest growth since 2017.
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No agreement reached over a Global Plastics Treaty at INC-5
After a week of negotiations, INC-5 has come to a close with no agreement reached over a Global Plastics Treaty, and another session is now expected to take place in 2025 – an outcome many blame on ‘low-ambition countries’ stalling progress for their own ends.
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Businesses want ‘concrete outcomes’ over complete consensus at INC-5
The Business Coalition for a Global Plastics Treaty is pushing for an instrument that prioritizes the ambition of most INC-5 negotiators over voluntary measures with universal support.
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INC-5 Chair fast-tracks revised text amid frustrations over slow progress
Responding to mounting frustration over slow progress at INC-5 in Busan, Ambassador Luis Vayas Valdivieso is set to release a revised Global Plastics Treaty text ‘as early as noon on Friday’. Now attendees are urging negotiators to act quickly and prioritize completion over consensus.
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Berry and Stora Enso create hybrid packaging solution for Valio yoghurt
Berry Global and Stora Enso have designed a custom version of Berry’s CombiLight pot for Finnish brand Valio’s PROfeel protein puddings, aiming to help the company meet its commitment to reduce plastic usage by 15% in its single-use single-serve packaging by 2026.
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Capacities rise at DS Smith’s Hungarian sites with €34 million investment
Aiming to boost its manufacturing capacities by 40%, DS Smith has invested €34.4 million into its Hungarian operations, including new converting equipment, an updated corrugator, and three ‘eco-classrooms’ for children.
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Where does the European Commission stand on a Global Plastics Treaty?
Among other measures, the European Commission aims to ban and phase out ‘problematic’ substances and implement a Polluter Pays Principle in Global Plastics Treaty negotiations at INC-5 – yet it emphasizes differences in national circumstances as it pursues a just transition.
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Businesses seek global rules, steps by sector, and EPR in plastics treaty
As negotiations continue at INC-5 in Busan, the Business Coalition for a Global Plastics Treaty calls for a legally binding instrument to set international obligations, take sector-specific action, and enforce Extended Producer Responsibility (EPR) schemes in a bid to eliminate plastic pollution.
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National strategy unveiled to tackle plastic pollution in America
The Environmental Protection Agency (EPA) has revealed a national strategy to prevent plastic pollution in America, which includes an uptake in reuse, a country-wide Extended Producer Responsibility (EPR) framework, and interventions to lessen the strain on the most impacted groups.
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Health industries remind INC-5 negotiators of plastic’s safety benefits
Negotiators at INC-5 are urged by the Global Self-Care Federation, the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), and the International Generic and Biosimilar Medicines Association (IGBA) to prioritize patient safety and accept plastic medical packaging where safe alternatives don’t yet exist.
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Circularity roadmap for U.S. PET packaging outlined in new study
A new study has been published by Systemiq outlining a roadmap to transition the U.S. PET packaging and polyester textile industries from the current linear single-use model towards circular, low-waste and low-emission systems by 2040.
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Alliance to End Plastic Waste participants accused of producing more plastic waste than they collect
An investigation from Greenpeace accuses members of the Alliance to End Plastic Waste of producing over 1,000 times more plastic than they have cleaned up in its first five years, yet the Alliance argues that there is ‘no factual basis’ for the greenwashing allegations it faces.
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How can the packaging industry prepare for geopolitical uncertainties?
The packaging industry faces a number of serious geopolitical-related challenges that are set to have a major impact on operations and sustainability. In this article, Laura Rainier, Senior Director Analyst at Gartner, explains how these immediate and long-term problems can be tackled.
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Over €5 million raised to upscale compostable seaweed packaging from B’Zeos
To help scale up its compostable, seaweed-based packaging, B’Zeos has secured over €5 million in total raised equity and grant funding through a seed round led by Faber and supported by International Chemical Investors Group (ICIG)’s venture capital unit.
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Sealed Air and Bradbury’s Cheese target plastic reduction with new wrapping system
SEE (Sealed Air Corporation) and Bradbury’s Cheese have announced the CRYOVAC AutoWrap Lite system, said to reduce plastic usage by up to 65% compared to traditional thermoformed packs.