ZURICH, March 22, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR)
(ASX: AMC), a global leader in developing and producing responsible
packaging solutions, today announced a joint research project
agreement with Nfinite Nanotechnology Inc. to validate the use of
Nfinite's nanocoating technology to enhance both recyclable and
compostable packaging.
In the proof-of-concept phase of the project, Nfinite's coating
technology will be applied to Amcor's existing recyclable and
compostable packaging material. The objective is to deliver an
oxygen barrier to improve performance for recyclable and
compostable packaging. Once validated, the next stage of
development will seek to ensure the products are optimized to
Amcor's manufacturing processes and analyze additional substrates
like bio-based materials to create more sustainable
applications.
This project marks an important milestone in the partnership
between Amcor and Nfinite that began in 2022 when Nfinite was
selected as an Amcor Lift-Off winner. In addition to receiving
$250,000 in seed funding, Amcor
Lift-Off start-ups have the opportunity to work with Amcor's
Research & Development team to create new applications that can
advance both companies' efforts toward driving circularity.
Amcor Vice President of Corporate Venturing and Open Innovation,
Frank Lehmann, said, "This joint
research project agreement is an important step, and showcases
Amcor's solution-based commitment to sustainability and innovation.
Collaborating with innovative start-ups like Nfinite,
particularly in the early stage of this exciting new technology, is
one more way we are working to advance our shared sustainability
goals."
Chee Hau Teoh, co-founder and CEO
at Nfinite Nanotechnology, said, "We're very pleased to have
Amcor's support in advancing our ambitions to deliver this
nanocoating technology in packaging applications. Once scaled up,
we can begin looking for pilot companies eager to leverage this
technology."
To learn more about how Amcor's collaboration with Nfinite began
as a result of the Corporate Venturing team's Amcor Lift-Off
program, click here.
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 Nfinite Nanotechnology
Nfinite Nanotechnology is a venture-backed advanced material
company based in Waterloo, Canada,
that aims to build a more sustainable world through the advancement
of compostable and recyclable packaging. Nfinite's breakthrough
nanocoating technology is based on more than 10 years of science
and experience in the development of advanced functional thin
films.
Nfinite is commercializing its rapid, open-air nanocoating
platform, which produces large-area, high-quality, ultrathin-films
at low cost. Nfinite's mission is to provide the packaging industry
with a sustainable path forward by delivering high-performance
barriers layers for sustainable packaging, accelerating the world's
goal to eliminate plastic packaging pollution.
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