STOCK TITAN

Amcor partners in pioneering packaging technology to improve recycling

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Amcor has joined the HolyGrail 2.0 initiative, aiming to enhance recycling through digital watermarking technologies. This collaborative project, led by AIM, includes over 85 organizations and focuses on improving the accuracy of sorting and recycling quality. Amcor, committed to making all packaging recyclable by 2025, invests over $100M annually in R&D to innovate sustainable packaging solutions. The company emphasizes that partnerships like HolyGrail 2.0 are crucial for achieving a circular economy and protecting the environment.

Positive
  • Joined HolyGrail 2.0, enhancing recycling technology collaboration.
  • Commitment to making all packaging recyclable by 2025.
  • Invests over $100M annually in R&D for sustainable packaging.
Negative
  • None.

ZURICH, Sept. 8, 2020 /PRNewswire/ -- Amcor today announces its membership of the Digital Watermarks Initiative "HolyGrail 2.0", which brings together over 85 companies and organisations across the packaging value chain, including key customers and industry peers.

HolyGrail 2.0 is a pilot project facilitated by AIM, the European Brands Association, with the objective to prove the viability of digital watermarking technologies for accurate sorting and, consequently, higher-quality recycling. The project also aims to demonstrate the business case for digital watermarking at scale. It builds on initial research by Amcor's partner, the Ellen MacArthur Foundation, into innovations to improve post-consumer recycling.

At Amcor, we believe that active collaboration is a vital pathway for finding solutions, which is why we're proud to lend our expertise to projects such as HolyGrail 2.0," said Peter Konieczny, Amcor's Chief Commercial Officer.

"This initiative is a clear example of how innovative technology and participation from stakeholders across the full value chain has the potential to improve recycling globally and protect the environment," Mr Konieczny said.

Amcor was the first packaging company to commit to making all its packaging recyclable or reusable by 2025. As part of that pledge, HolyGrail 2.0 and other pilot projects are important in ensuring that recyclable packaging developed in the industry is retained in the value chain and can be reused for future products and kept out of the natural environment.

Alongside its partnership activities, Amcor is committed to developing more sustainable products for its customers and consumers. Amcor is leveraging its unique scale and drawing on best-in-class R&D, with more than $100M annual investment and hundreds of professionals working to create new responsible packaging solutions.

Amcor is making progress towards its pledge commitment, while simultaneously driving greater recycling of packaging around the world. This makes Amcor a partner of choice for customers who want to protect their brands with packaging that is more functional, more attractive, more intelligent and better for the environment.

About Amcor
Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home- and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve value chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using a growing amount of recycled content. Around 47,000 Amcor people generate US$12.5 billion in sales from operations that span about 230 locations in 40-plus countries. NYSE: AMCR; ASX: AMC

www.amcor.com  I  LinkedIn  I  Facebook  I  Twitter  I  YouTube

Cision View original content:http://www.prnewswire.com/news-releases/amcor-partners-in-pioneering-packaging-technology-to-improve-recycling-301125452.html

SOURCE Amcor

FAQ

What is HolyGrail 2.0 and Amcor's involvement?

HolyGrail 2.0 is a collaborative initiative aimed at improving recycling through digital watermarking technologies, and Amcor has joined over 85 organizations in this project.

What are Amcor's sustainability goals?

Amcor aims to make all its packaging recyclable or reusable by 2025 as part of its sustainability commitment.

How much does Amcor invest in R&D for sustainable packaging?

Amcor invests over $100 million annually in research and development for sustainable packaging solutions.

What importance does Amcor place on collaboration for recycling?

Amcor believes collaboration is vital for finding solutions to improve recycling and protect the environment.

Amcor plc Ordinary Shares

NYSE:AMCR

AMCR Rankings

AMCR Latest News

AMCR Stock Data

13.76B
1.44B
0.34%
54.43%
1.54%
Packaging & Containers
Miscellaneous Manufacturing Industries
Link
United States of America
WARMLEY, BRISTOL