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Stock impact report

Amcor & Kolon to Develop Sustainable Polyester Packaging Materials [Yahoo! Finance]

Amcor plc Ordinary Shares (AMCR) 
Last amcor plc ordinary shares earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The collaboration aims to create more environmentally friendly packaging using chemically recycled polyethylene terephthalate (PET) and polyethylene furanoate (PEF) materials. This move aligns with Amcor's goal of using 30% post-consumer recycled materials by 2030 and achieving net-zero ambitions by 2050. The partnership will also focus on researching and developing new technologies related to these materials. Amcor plc AMCR has entered into an agreement with Kolon Industries to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business. With the combination of Amcor's expertise in innovative packaging with Kolon's high-polymer manufacturing technology, the companies strive to create more environmentally friendly packaging. Kolon is a leading South Korean chemical materials manufacturer. It is developing an advanced recycling process to produce new polyethylene terephthalate (PET) from post-consumer bottles, Show less Read more
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