MELBOURNE, Australia,
Dec. 21, 2022 /PRNewswire/ -- Amcor
(NYSE: AMCR) (ASX:AMC), a global leader in responsible packaging
solutions, today announced its Amcor Australia & New Zealand (ANZ) business has signed a
Memorandum of Understanding (MOU) with Australian-based technology
pioneers, Licella Holdings, to invest in one of Australia's first plastic advanced recycling
facilities.
As one of the first advanced recycling facilities to be built in
Australia, the agreement supports
Amcor and Licella's commitment to creating a local circular economy
for soft plastics in Australia and
helps advance Amcor's target to achieve 30% recycled content across
its portfolio by 2030.
Located in Melbourne, stage one
of the proposed facility is expected to process 20,000 tonnes per
annum of waste plastic utilising Licella's pioneering Cat-HTR™
technology, relying on collections activities to divert soft
plastic waste from landfill or incineration. This stage of the
project has already received approval from the Victorian
Environmental Protection Agency.
Amcor ANZ and Licella previously collaborated on Licella's
Feasibility Study, which validated a local supply chain for
food-grade recycled soft plastic and demonstrates the critical
economic and environmental benefits of the proposed facility.
Both parties will be undertaking further discussions on final
terms and arrangements, which will be subject to respective
internal approvals.
Mike Cash, President, Amcor
Flexibles Asia Pacific, said that Amcor is proud to be part of
the solution, supporting the development of new technologies and
creating a local circular economy for soft plastics in
Australia.
"We are proud to be able to help deliver a local supply of
food-grade recycled content that can enable more customers to
participate in a circular economy."
Dr Len Humphreys, Chief
Executive Officer, Licella Holdings said, "Licella and Amcor
share a vision for a more sustainable future for plastic. We are
delighted to partner with Amcor as we develop our first Australian
advanced recycling facility, with our Cat-HTR™ technology that
enables soft plastic to be repeatedly recycled into food-grade
post-consumer recycled content, which is rapidly increasing in
demand both locally and globally."
To learn more about Amcor's collaborations to innovate for more
sustainable, responsible packaging solutions, visit our
sustainability partnerships page, and read more about Amcor's
progress in reaching its sustainability goals in the Amcor FY22
Sustainability Report.
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
www.amcor.com I LinkedIn I Facebook I YouTube
About Licella
Licella's patented Catalytic Hydrothermal Reactor (Cat-HTR™) is
the world's most commercially advanced hydrothermal liquefaction
('HTL') technology – the next-generation of advanced recycling. HTL
chemically transforms low value and waste feedstocks into a
high-quality oil, which can be refined to high value sustainable
and renewable fuels and chemicals. Licella have successfully scaled
up the Cat-HTRTM platform over a 14 year period at its
pilot facility in Somersby NSW to a now commercial ready state.
With more than $120M invested in the
technology, several commercial projects are underway globally for
the chemical recycling of end-of-life plastics, and in Canada, to upgrade low value biomass streams
to biofuel and biochemicals.
www.licella.com I LinkedIn
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