Africa's No.1 Packaging, Printing, Plastics & Processing Industry Magazine
US – Commercial waste recycling provider RoadRunner Recycling has closed on a US$20 million Series D extension round led by Fifth Wall. The financing will support the continued growth of RoadRunner’s core business, expanding its enterprise offering, and doubling down on its investment in technology. The new capital comes after RoadRunner’s US$70 million Series D raise that it announced last…
Read More
CANADA – The Chemistry Industry Association of Canada (CIAC) has launched a three-year ‘Save Plastic’ campaign, aimed at promoting plastic as a valuable resource that—when managed responsibly—is essential for a modern, sustainable way of life. The campaign comes amid imminent challenges from the Canadian government’s move to ban certain plastic products and label plastic as “toxic.” In an interview with…
Read More
PHILIPPINES – The Philippines’ lower house of Congress has approved taxing single-use plastics, following President Ferdinand Marcos Jr’s commitment to tackle ocean pollution. The Senate must approve the tax measure before a reconciled bill is sent to Marcos for signature. The tax is expected to raise 9.3 billion pesos (US$481 million) in revenues annually, which will be used to fund…
Read More
US – Ascend Performance Materials has acquired a majority stake in California-based recycler of post-consumer, high-performance polymers, Circular Polymers. Ascend said the deal provides it with a consistent supply of high-quality PCR materials for its ReDefyne sustainable polyamides, launched at K 2022 in Düsseldorf, Germany, last month. Circular Polymers reclaims and processes post-consumer carpets using rotary impact separator technology developed…
Read More
US – US-based primary packaging provider Impacked has raised US$2.5 million in a seed funding round to ‘transform and advance’ the global packaging industry. The latest funding round was led by venture capital firm TenOneTen Ventures, bringing the total funding raised to US$3.3 million. Impacked will use the proceeds from the funding to add more primary packaging suppliers to its…
Read More
US – North American waste management company WM has partnered with chemical firm Dow on a plastic film recycling initiative in the US. The companies say they’re combining WM’s broad reach as a comprehensive environmental solutions provider with Dow’s leadership in material science to build new infrastructure that is intended to help close existing recycling gaps, driving a more circular…
Read More
KENYA – Kenya-based Adaptation Consortium has won an inaugural Local Champions Award, financial governance category at the COP27 climate summit in Egypt. The awards recognize locally-led efforts to adapt to the negative impacts of climate change across four categories: financial governance, inclusive leadership, capacity and knowledge, and local innovation. Adaptation Consortium supports communities to create, access, and use climate finance…
Read More
EGYPT – The Egyptian government is launching a global waste initiative dubbed “50 by 2050” that aims to ensure at least half of all African waste is treated and recycled before 2050. Announced at the COP27 climate summit in Sharm el-Sheikh, proponents say the ambitious targets could reduce the “waste colonialism” plaguing African countries. The launch comes at a time…
Read More
THAILAND – Charoen Pokphand Foods Public Company Limited (CP Foods) aims to achieve a Net-Zero target by 2050 by establishing a clear roadmap of Smart Sourcing, Smart Production and Smart Consumption. The firm embraces innovation and cutting-edge technology to increase efficiency and optimize production costs in a bid to reduce the environmental footprint in sourcing, production, and consumption processes. Peerapong…
Read More
MALTA – Malta has launched a deposit return scheme in the country with an aim of increasing the recycling rate and creating awareness around packaging sustainability. Malta follows the other 12 European countries that have introduced DRS as a tool to significantly reduce littering and increase the collection and recycling rates of single-use beverage containers. The DRS in Malta is…
Read More