business news

17 May 2022
--- European packaging industry associations have submitted a joint letter to EU leaders warning that fragmentation of the Single Market is undermining progress toward the EU Green Deal. The 59 associations called on the EU to... Read More
16 May 2022
--- H2 Green Steel has secured offtake supply agreements for over 1.5 million tons of its carbon-reduced steel, which it will begin producing in 2025. The company says the pre-sales indicate “a clear sign of strong... Read More
16 May 2022
--- Stora Enso has become the latest packaging leader to pull out of Russia, divesting its three corrugated packaging plants in the country. The company says that local ownership and operation will provide a more sustainable... Read More
12 May 2022
--- Leading global businesses and research institutions in America’s Upper Midwest are uniting to catalyze a regional circular economy for flexible films and packaging materials. The new initiative – led by... Read More
11 May 2022
--- The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s... Read More
10 May 2022
--- One in five companies using plastic packaging in the UK have seen their costs increase by more than 75% due to the UK Plastic Packaging Tax, according to research commissioned by Lindum Packaging. Introduced on April 1, the... Read More
10 May 2022
--- The consortium of PulPac, Nordic Barrier Coating (NBC) and OrganoClick has been granted financial support for the continued development of 100% bio-based, plastic- and PFAS-free barriers and materials for demanding food... Read More
06 May 2022
--- In packaging news this week, SealedAir launched the cloud-based digital packaging brand Prismiq, and Berry Global released monomaterial PP vending cups. Meanwhile, TetraPak entered into a land initiative to restore at least... Read More
05 May 2022
--- Mondi is divesting its Russian assets, saying the group is “profoundly concerned about the war in Ukraine and shocked by the humanitarian impact.” The decision comes after months of criticism over the paper and... Read More
29 Apr 2022
--- In packaging news this week, Diageo revealed it will phase out the use of 183 million cardboard gift boxes from its premium Scotch portfolio worldwide. Also, Elopak formed a joint venture in India to manufacture aseptic... Read More
27 Apr 2022
--- KHS Group experienced the “most successful year” in its history after a COVID-19 blip and is currently showcasing some of its environmentally sustainable filling and packaging machinery at Anuga FoodTec 2022 in... Read More
25 Apr 2022
--- Finnish forest industry company UPM has settled a dispute with its paper mill employees over worker’s rights, ending what is said to be the longest strike in the history of the country’s paper industry. The... Read More
25 Apr 2022
--- The EU is announcing today that it will ban the use of harmful chemical groups like PFAS, bisphenol and PVC by 2030. The political commitment, which has not yet been entered into legislation, is expected to drastically... Read More
21 Apr 2022
--- Sealed Air is joining forces with ExxonMobil and supermarket chain Ahold Delhaize USA on an advanced recycling initiative said to be the “first of its kind” in the US. The project recycles flexible plastics from... Read More
20 Apr 2022
--- Smurfit Kappa has achieved a 6% year-on-year drop in carbon emissions – over a 40% reduction since 2005 – according to its newly released Sustainable Development Report. The 15th report released by the company... Read More
19 Apr 2022
--- Huhtamaki is initiating a complete divestment from all its operations in Russia after almost two months of war in Ukraine. The Finnish packaging giant says it has reached this decision after determining “the long-term... Read More
19 Apr 2022
--- Emerald Technology Ventures is introducing a fund for environmentally sustainable packaging in one of the first venture-backed investment vehicles targeting the full packaging lifecycle. Industrial and consumer goods... Read More
14 Apr 2022
--- In packaging news this week, Amcor became the first company to purchase certified circular PE material using ExxonMobil’s Exxtend technology for advanced recycling. Also, Greenglass Recycling in Romania invested in a... Read More
12 Apr 2022
--- PepsiCo chip brand Walkers is ending its UK recycling scheme with TerraCycle. The waste management company launched the scheme in 2018 and collected millions of waste chip packets. However, industry experts have criticized... Read More
11 Apr 2022
--- Avantium, a leading producer of PEF (polyethylene furanoate) bioplastic, has signed a conditional offtake agreement with Sukano, an expert in additive and color masterbatches and compounds for polyester and specialty resins,... Read More