W-Cycle and Melhoramentos Latin America are partnering to produce compostable food-grade packaging from renewable materials that naturally decompose within 100 days. The agreement is valued at a minimum of US$3.45 million and set for an initial term of three years. W-Cycle will supply Melhoramentos with its proprietary food-grade packaging formula and consulting services. Melhoramentos will also incorporate its own high-performance cellulose fibers sourced from its renewable forestry operations. Melhoramentos is a publicly traded Brazilian company with activities in publishing, renewable forestry and real estate (Altea).
