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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