The funding will be used to facilitate a commercial-scale production line capable of producing up to 12.5m paper bottles annually.
The aim is to provide a viable alternative to traditional packaging formats, which are not sustainable.
The technology will enable major brand customers to meet consumer demand for sustainable packaging and help them to meet their carbon reduction goals.
The funding round was advised by Lazard.
LONDON DAILY ARCHIVE
Pulpex Secures £20m to £25m Investment for Sustainable Packaging Production Line
Pulpex, a manufacturer of sustainable packaging backed by Diageo, has secured a new round of funding of between £20m and £25m from investors including CMPC.
02 July 2023 · 22:30 UTC
