Five-year deal to secure thousands of tons of
high-performance, certified-circular material from ExxonMobil's
advanced recycling plant
ZURICH, Dec. 5, 2022
/PRNewswire/ -- Amcor (NYSE:
AMCR, ASX: AMC), a global leader in developing and producing
responsible packaging solutions, has today announced a five-year
deal with ExxonMobil to purchase certified-circular polyethylene
material in support of its target to achieve 30% recycled material
across its portfolio by 2030. The volume of material will increase
incrementally each year, and is expected to reach 100,000 metric
tons annually at the end of the five-year
period.
Made possible by ExxonMobil's ExxtendTM
technology for advanced recycling, Amcor intends to leverage this
material across its global portfolio, with a particular focus on
the healthcare and food industries, which are required to meet
stringent safety requirements for recycled plastic. The agreement
expands upon Amcor's initial purchase of certified-circular
polyethylene material from ExxonMobil earlier this
year.
Amcor is already delivering a variety of solutions
containing recycled content to customers around the world,
including Mondelez International who has made the switch to 30%
food-grade recycled packaging for its Cadbury Dairy Milk, Caramilk
and Old Gold family blocks in Australia.
Ron Delia, CEO at Amcor,
said: "We are committed to a future of more
sustainable packaging and are excited to strengthen our ability to
meet increasing customer demand for recycled
content.
"We're already working with major brands to support their
sustainability ambitions and look forward to offering this
innovative content across our global portfolio."
Michael Zamora, Senior
Vice President of Product Solutions at ExxonMobil, said:
"Our expanded commitment will make our
ExxtendTM technology for
advanced recycling available to even more of Amcor's customers
across the globe, and represents an important step towards reaching
our shared goal of helping to increase the amount of plastic waste
that's recycled."
Amcor continues to make progress on its pledge to make all
products recyclable, reusable or compostable by 2025, with 74% of
total production by weight already designed to be recycled.
Notes to Editors
- The certified-circular polyethylene material will be
sourced from ExxonMobil's facility in Baytown, Texas, which, upon start-up later
this year, will be one of North
America's largest advanced plastic waste recycling
facilities, with a capacity to recycle 30,000 metric tons of
plastic waste per year.
- In 2022, Amcor launched a product rebrand including its
new EcoGuardTM brand, which makes it easier for
customers to choose from a number of more sustainable solutions,
including products that reduce the carbon footprint of packaging,
are designed to be recycled and use recycled content or
biomaterials.
About Amcor
Amcor is a global leader in developing and producing
responsible packaging solutions 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 2022, 44,000 Amcor people generated
$15 billion in annual sales from
operations that span 220 locations in 43 countries.
NYSE: AMCR; ASX:
AMC
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SOURCE Amcor