ZURICH, Nov. 8, 2022 – Amcor (NYSE: AMCR, ASX: AMC), a global leader in the design and manufacture of responsible packaging solutions, has announced its $3 million investment in PulPac, a Swedish company developing breakthrough manufacturing technology for low-cost products, announced – low-cost, high-performance fiber-based packaging. Amcor is one of several strategic investors in a cross-industry alliance aimed at advancing the global deployment of PulPac technology.
PulPac is a pioneering, innovation-driven company focused on developing its dry-formed fiber technology for use as a viable, sustainable option for the packaging industry. This solution uses raw materials that are easily found worldwide and are manufactured using an innovative process that requires significantly fewer resources and reduces CO2 emissions by 80% compared to existing processes. This cross-industry investment will support PulPac’s global commercialization ambitions, allowing the company to deploy its solutions across markets and provide the potential for applications in Amcor’s own product lines.
The alliance with PulPac and investment in its fiber technology also follows the launch of the AmFiber™ platform earlier this year, with which Amcor aims to redefine the possibilities of traditional paper packaging and build on Amcor’s extensive experience in paper and board packaging.
Frank Lehmann, Vice President of Corporate Venturing and Open Innovation at Amcor, said, “Amcor is committed to developing solutions that meet the needs of our customers, consumers and the environment. Amcor’s investment in PulPac will help accelerate the global adoption of this innovative technology and support research into its suitability for future applications.
PulPac’s dry-formed fiber technology allows the shape of products to be optimized for a variety of applications, including some applications that have traditionally been unable to employ a viable sustainable option.
Linus Larsson Green, co-founder and CEO of PulPac said: “With the backing and support of a world-class partner like Amcor, we will continue to expand our offering and deploy our new packaging globally. I look forward to collaborating more with our partners and offering more sustainable solutions through collaboration.”
Amcor participates in several start-up investment opportunities, supporting their journeys by sharing expertise from Amcor’s own research and development teams and exploring the potential for joint ventures. Recent activity includes strategic investments in ePac Flexible Packaging and PragmatIC Semiconductors, as well as seed funding for two start-ups – Nfinite Nanotechnology and Bloom Biorenewables Ltd – as part of the Amcor Lift-Off initiative, by the start-up companies starting in the seed phase can secure investments of 250,000 US dollars for the development of innovative and sustainable technologies.
To learn more about Amcor’s corporate venture, click here.