Multiyear collaboration reflects shared commitment to
circular content
DEERFIELD, Ill., Nov. 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR,
ASX:AMC), a global leader in developing and producing responsible
packaging solutions, today announced a Memorandum of
Understanding (MOU) with leading sustainable polyethylene producer
NOVA Chemicals Corporation ("NOVA Chemicals") for the purchase of
mechanically recycled polyethylene resin (rPE) for use in flexible
packaging films. Increasing the use of rPE in flexible packaging
applications is an important element of Amcor's commitment to
support packaging circularity.
The supply agreement would enable Amcor to purchase SYNDIGO™ rPE
resin, manufactured at NOVA Chemicals' first mechanical recycling
facility in Connersville, Indiana,
which is projected to be in operation as early as 2025. The
recycling facility was announced in July as a significant expansion
of NOVA Chemicals' Circular Solutions business.
"This is an exciting opportunity for us to supplement our rPE
supply in support of our target to achieve 30% recycled material
usage across our global portfolio by 2030," said Fred Stephan, president of Amcor Flexibles North
America. "Incorporating rPE into flexible packaging films helps
brand owners meet voluntary commitments on recycled content
targets, reduce greenhouse gas emissions, and keep plastic waste in
the economy and out of the environment."
"We are pleased to work with Amcor to bring more film-grade rPE
to market and further drive the circular economy," said
Greg DeKunder, vice president, NOVA
Circular Solutions. "Reshaping plastics for a better future will
take collaboration within our industry, and we share Amcor's
commitment to further global packaging circularity."
NOVA Chemicals plans to expand its recycling footprint across
North America over the next
several years to help reach its industry-leading ambition of 30%
share of total PE sales from products containing recycled content.
About Amcor
Amcor is a global leader in developing
and producing responsible packaging solutions across a variety of
materials 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 supply chains
through a range of flexible and rigid packaging, specialty cartons,
closures, and services. The company is focused on making packaging
that is increasingly lighter weight, recyclable and reusable, and
made using an increasing amount of recycled content. In fiscal year
2023, 41,000 Amcor people generated $14.7
billion in annual sales from operations that span 218
locations in 41 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I Facebook I YouTube
About NOVA Chemicals Corporation
NOVA Chemicals
aspires to be the leading sustainable polyethylene producer in
North America. Our driving purpose is to reshape plastics for
a better, more sustainable world by delivering innovative solutions
that help make everyday life healthier and safer and acting as a
catalyst for a low carbon, zero-plastic-waste future. NOVA
Chemicals' innovative and quality product offerings, value chain
collaboration, and unique customer experience is what sets us
apart; our customers use our products to create easy-to-recycle and
recycled content films, packaging, and products. Our employees work
to ensure health, safety, security, and environmental stewardship
through our commitment to
Sustainability and Responsible Care®.
NOVA Chemicals, headquartered in Calgary, Alberta, Canada, has nearly 2,500
employees worldwide and is wholly owned by Mubadala Investment
Company of the Emirate of Abu Dhabi,
United Arab Emirates.
Learn more at www.novachem.com or follow us
on LinkedIn.
NOVA Chemicals' logo is a registered trademark of NOVA Brands
Ltd.; authorized use.
Responsible Care® is a registered
trademark of the Chemistry Industry Association of Canada.
SYNDIGO™ is a trademark of
NOVA Brands Ltd.; authorized use.
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