ZURICH, Oct. 26, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR,
ASX: AMC), a global leader in developing and producing responsible
packaging solutions, announced today that it has signed a
Memorandum of Understanding (MOU) with SK Geo Centric (SK), a
leading petrochemical company based in South Korea, to source advanced recycled
material primarily in the Asia
Pacific region beginning in 2025.
The MOU with SK will enable Amcor to provide access to packaging
solutions using recycled content for food and healthcare customers
in key markets in Asia Pacific, as
well as globally, building on Amcor's existing global access to
advanced recycled material through ExxonMobil, as well as its
recent investment with Licella in Australia. Combined, these partnerships will
help Amcor take another important step toward achieving its target
of 30% recycled content across its portfolio by 2030.
"Our ability to deliver more sustainable packaging solutions
containing recycled material is increasingly important to customers
in all consumer categories," said Mike
Cash, president of Amcor Flexibles Asia Pacific. "These
partnerships will help enable Amcor to unlock opportunities for
food and healthcare customers to leverage recycled content in their
packaging, and will also foster a circular economy by significantly
reducing the need for virgin plastic."
SK Geo Centric CEO Na Kyung-soo
said, "We are committed to contributing to a circular economy by
expanding the supply chain where pyrolysis oil, produced from
end-of-life plastic, can provide recycled content in consumer
packaging. Providing Amcor with access to that material is an
important step forward."
SK extracts pyrolysis oil from end-of-life plastic waste that
would otherwise be sent to landfill. SK is using post-processing
technology the company developed. This can then replace crude oil
as a feedstock for petrochemical processes and subsequently
polyethylene to make new sustainable packaging materials for our
customers.
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
Photo -
https://mma.prnewswire.com/media/2258700/Amcor_SK_1000x638.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/amcor-sk-geo-centric-partner-for-supply-of-recycled-content-301969021.html
