Stora Enso completes sale of its Nymölla paper mill to focus on development of sustainable solutions

SWEDEN – Finnish forestry group Stora Enso has completed the divestment of its Nymölla paper production site in Sweden and all associated assets to the US-based uncoated paper producer Sylvamo. Announced in September, the divestment transaction was closed after receiving regulatory approvals for an enterprise value of around US$159.13 million (€150m). Stora says that the move will allow it to…

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PulPac secures US$31M for the global distribution of PulPac Dry Molded Fiber

SWEDEN – Swedish provider of manufacturing technology for fiber-based packaging and single-use products, Pulpac has closed a US$31.22 million private placement for the global roll-out of PulPac dry molded fiber technology. Aliaxis led the investment through its new impact business builder division Aliaxis Next. The other investors that took part in this private placement included Amcor Ventures, Stora Enso and…

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Ardagh Group partners Absolut Vodka for hydrogen-fired glass furnace

SWEDEN – Luxembourg-based packaging firm Ardagh Group has signed an agreement with Absolut Vodka for a partly hydrogen energy-fired glass furnace for large-scale production. The move is said to be the first-of-its-kind shift in the spirits industry and is intended to minimize the CO2 emissions from making Absolut’s bottles. Ardagh Group said the use of a hydrogen furnace is expected…

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Yangi and packaging value chain partners join forces to develop future biobased packaging

SWEDEN – Swedish start-up, Yangi has embarked on a research collaboration project to accelerate the shift from fossil-based plastic packaging toward bio-based alternatives. The goal of the collaboration is to understand and develop new barrier chemistry and methods for the formation of fiber-based packaging related to dry-forming and wet-molding technologies. Project partners include Holmen Iggesund, Solenis, Fiber-X, FutureLab & Partners…

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Stora Enso expands portfolio with formed fiber plant in Hylte, Sweden

SWEDEN – Finnish forestry group Stora Enso has begun a feasibility study for building a formed fiber plant in Hylte, Sweden. The company’s strategic aim is to grow with renewable packaging, and the investment would increase Stora Enso’s formed fiber capacity significantly. The new plant would mainly produce PureFibe by Stora Enso – a range of formed fiber products that…

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BillerudKorsnäs develops sack paper with no plastic film

SWEDEN – Swedish pulp and paper manufacturer, BillerudKorsnäs has introduced Performance White Barrier in sack paper to replace the plastic film barrier. According to the company, the new sack paper is on par with traditional alternatives regarding shelf-life expectancy and other performance factors. It can also reportedly be recycled in regular paper streams, has a printing surface for branding and…

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BOBST signs partnership deal to drive PET-based laminate recycling

SWEDEN – Swiss packaging machinery provider Bobst has announced a strategic partnership for a closed-loop of polyethylene terephthalate (PET) based multilayer laminates used for thermoformed food trays. Under the European Green Deal policy, all packaging are required to be reusable or recyclable by 2030. The regulation challenges multilayer packaging since its layers first need to be separated before entering recycling…

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Absolut Company partners Blue Ocean Closures to drive sustainability in vodka packaging

SWEDEN – Absolut Company, the maker of one of the world’s leading premium vodka, has announced a partnership with Swedish start-up Blue Ocean Closures (BOC) to develop an innovative natural fiber-based closure cap for use on current Absolut Vodka’s iconic glass bottles. The caps design is intended to reduce the amount of plastic used in packaging by combining a body…

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