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Environment

BERLIN, Sept. 24, 2021 (Press Release) -The new Interseroh+ dual system has forged its first major strategic partnership: the “Recycling Alliance” will support the retail companies ALDI Nord and ALDI SÜD in achieving their clearly-formulated packaging mission. In combination with the comprehensive service portfolio of its recycling system and with a focus on post-consumer material, Interseroh+ offers the two ALDI groups of companies the ideal basis for closing raw material loops in the area of sales packaging. With this cooperative approach, in the form of a joint strategy, ALDI Nord and ALDI SÜD are taking great strides forward.

“As a leading retail company, it makes us very proud that after in-depth research, ALDI has decided in favour of the model of our recycling alliance,” explains Markus Müller-Drexel, Chief Executive Officer (CEO) of Interseroh+. “Both groups of companies have embarked on an exceptionally sustainable and ambitious packaging strategy, which we will be working on together with ALDI. The full service portfolio of Interseroh+ forms part of this strategic partnership.” Interseroh+ not only ensures that the legal requirements are fulfilled in every area, but also that wherever possible, the collected packaging is made into new packaging and products. This is the key approach of the Interseroh+ recycling alliance.

“We can also offer the efficiency of a company which is integrated across the entire recycling chain and the joint further development of this system to other partners from the world of industry and the retail trade,” adds Frank Kurrat Managing Director of Sales (CSO) at Interseroh+. “The offering ranges from the optimisation of the packaging recyclability to the development of new formulations for plastic applications with the use of what are known as post-consumer recyclates.”

Interseroh+ introduced its sustainable approach to the market in the spring of this year. At the heart of the strategy is providing the respective company with comprehensive support on its path to achieving a sustainable packaging strategy. In this respect, the goal is the strategic promotion of sustainable innovations in a large alliance with interested companies on the part of the producers and the recycling industry in the market, and to thereby achieve the actual goal of the German Packaging Act. For individual companies, this is very difficult; an alliance of numerous partners, on the other hand, offers several options for establishing sustainable material loops.

About Interseroh

Interseroh, an ALBA Group company, is one of the leading environmental services providers for the closure of product, material and logistics loops. From next year onwards, Interseroh will be launching a new dual system and a new concept. The offer from the newly-founded company Interseroh+ GmbH is oriented to all companies which not only want to fulfil their legal obligation for packaging licensing but also want to take responsibility for closing recycling and raw material loops. And if they so wish, they can become a silent partner in the start-up. Further information on Interseroh can be found at www.interseroh.plus.

The ALBA Group is one of the leading recycling and environmental services companies as well as raw material providers worldwide and operates within Germany, Europa and Asia. In 2020 its divisions generated an annual turnover of 1.9 billion Euros and employed a staff of approx. 8,700 employees. In 2019 alone ALBA Group saved 4.2 million tonnes of greenhouse gases compared to primary production and at the same time 32.3 million tonnes of primary raw materials through its recycling activities.

New Interseroh+ dual system forges strategic cooperation for packaging licensing and waste stream management with Germany's ALDI group

Posted in: Environment 09/24/2021 - 05:26

BERLIN, Sept. 24, 2021 (Press Release) -The new Interseroh+ dual system has forged its first major strategic partnership: the “Recycling Alliance” will support the retail companies ALDI Nord and ALDI SÜD in achieving their clearly-formulated packaging mission. In combination with the comprehensive service portfolio of its recycling system and with a focus on post-consumer material, Interseroh+ offers the two ALDI groups of companies the ideal basis for closing raw material loops in the area of sales packaging. With this cooperative approach, in the form of a joint strategy, ALDI Nord and ALDI SÜD are taking great strides forward.

“As a leading retail company, it makes us very proud that after in-depth research, ALDI has decided in favour of the model of our recycling alliance,” explains Markus Müller-Drexel, Chief Executive Officer (CEO) of Interseroh+. “Both groups of companies have embarked on an exceptionally sustainable and ambitious packaging strategy, which we will be working on together with ALDI. The full service portfolio of Interseroh+ forms part of this strategic partnership.” Interseroh+ not only ensures that the legal requirements are fulfilled in every area, but also that wherever possible, the collected packaging is made into new packaging and products. This is the key approach of the Interseroh+ recycling alliance.

“We can also offer the efficiency of a company which is integrated across the entire recycling chain and the joint further development of this system to other partners from the world of industry and the retail trade,” adds Frank Kurrat Managing Director of Sales (CSO) at Interseroh+. “The offering ranges from the optimisation of the packaging recyclability to the development of new formulations for plastic applications with the use of what are known as post-consumer recyclates.”

Interseroh+ introduced its sustainable approach to the market in the spring of this year. At the heart of the strategy is providing the respective company with comprehensive support on its path to achieving a sustainable packaging strategy. In this respect, the goal is the strategic promotion of sustainable innovations in a large alliance with interested companies on the part of the producers and the recycling industry in the market, and to thereby achieve the actual goal of the German Packaging Act. For individual companies, this is very difficult; an alliance of numerous partners, on the other hand, offers several options for establishing sustainable material loops.

About Interseroh

Interseroh, an ALBA Group company, is one of the leading environmental services providers for the closure of product, material and logistics loops. From next year onwards, Interseroh will be launching a new dual system and a new concept. The offer from the newly-founded company Interseroh+ GmbH is oriented to all companies which not only want to fulfil their legal obligation for packaging licensing but also want to take responsibility for closing recycling and raw material loops. And if they so wish, they can become a silent partner in the start-up. Further information on Interseroh can be found at www.interseroh.plus.

The ALBA Group is one of the leading recycling and environmental services companies as well as raw material providers worldwide and operates within Germany, Europa and Asia. In 2020 its divisions generated an annual turnover of 1.9 billion Euros and employed a staff of approx. 8,700 employees. In 2019 alone ALBA Group saved 4.2 million tonnes of greenhouse gases compared to primary production and at the same time 32.3 million tonnes of primary raw materials through its recycling activities.

RICHMOND,BC, Sept. 21, 2021 (Press Release) -Today Paper Excellence has published its inaugural sustainability report. Proven Resilience: Meeting the Challenge Through Adaption, Strength and Sustainability is intended as a way of further introducing the company to neighbours, customers, regulators and stakeholders as well as to share the company’s approach to business.

In 2020, 84% of Paper Excellence’s total energy use was renewable and the company made a direct economic contribution of $1.7 billion in Canada.

“Paper Excellence’s core values embrace company citizenship, community support, and bettering of our environmental and social performance year over year. This report embodies those aspirations with an honest and balanced view of our strengths and the areas we can improve,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications.

This sustainability report demonstrates Paper Excellence’s commitment to transparency. “We see the environmental and other performance results reported here as benchmarks, and we will provide annual disclosures through our sustainably reports as we work to improve them,” explains Kissack.

“As part of this report, we’ve also included 14 different “Practices and Perspectives” stories—some written, some video,” said Kissack. “These stories will give readers on-the-ground insight into our work on things like balancing water levels and users’ needs, and working with communities to manage wildfire risk in the urban/rural interface.”

Paper Excellence, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers. The company operates seven mills and a large-scale cargo distribution centre in Canada producing and shipping over 2.8 million tonnes annually with a workforce of more than 2,800. Paper Excellence is poised to continue to grow with its strategy of operational excellence and high-quality, cost-effective products.

Paper Excellence publishes its inaugural sustainability report

Posted in: Environment 09/23/2021 - 11:21

RICHMOND,BC, Sept. 21, 2021 (Press Release) -Today Paper Excellence has published its inaugural sustainability report. Proven Resilience: Meeting the Challenge Through Adaption, Strength and Sustainability is intended as a way of further introducing the company to neighbours, customers, regulators and stakeholders as well as to share the company’s approach to business.

In 2020, 84% of Paper Excellence’s total energy use was renewable and the company made a direct economic contribution of $1.7 billion in Canada.

“Paper Excellence’s core values embrace company citizenship, community support, and bettering of our environmental and social performance year over year. This report embodies those aspirations with an honest and balanced view of our strengths and the areas we can improve,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications.

This sustainability report demonstrates Paper Excellence’s commitment to transparency. “We see the environmental and other performance results reported here as benchmarks, and we will provide annual disclosures through our sustainably reports as we work to improve them,” explains Kissack.

“As part of this report, we’ve also included 14 different “Practices and Perspectives” stories—some written, some video,” said Kissack. “These stories will give readers on-the-ground insight into our work on things like balancing water levels and users’ needs, and working with communities to manage wildfire risk in the urban/rural interface.”

Paper Excellence, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers. The company operates seven mills and a large-scale cargo distribution centre in Canada producing and shipping over 2.8 million tonnes annually with a workforce of more than 2,800. Paper Excellence is poised to continue to grow with its strategy of operational excellence and high-quality, cost-effective products.

ESPOO, Finland, Sept. 23, 2021 (Press Release) -Further to the full approval of the Turkish competition authority Huhtamaki has completed the acquisition of Elif Holding A.Ş. (Elif), a major supplier of sustainable flexible packaging to global FMCG brand owners, with operations in Turkey and in Egypt. With this acquisition, Huhtamaki reinforces its position as a leading flexible packaging company in emerging markets and strengthens its existing flexible packaging business in attractive consumer product categories.

The net sales of the acquired business were approximately EUR 163 million (USD 195 million) in 2020. Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt. The cash free debt free purchase price was EUR 360 million (USD 422 million). The acquired business will be reported as part of Huhtamaki´s Flexible Packaging business segment as of September 23, 2021.

About Huhtamaki

Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, enabling wellbeing and convenience. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, and help prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030.

We are a participant in the UN Global Compact and as of 2020, we received an MSCI ESG Rating of A, on a scale of AAA ─ CCC. To play our part in managing climate change, we have committed to set science-based targets through the Science Based Targets initiative. Huhtamaki has been awarded the Gold medal by EcoVadis for performance in sustainability.

With 100 years of history and a strong Nordic heritage we operate in 36 countries and 82 sites around the world. Our values Care Dare Deliver guide our decisions and help our team of 18,200 employees make a difference where it matters. Our 2020 net sales totaled EUR 3.3 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd.

About Elif

Elif is a global benchmark flexible packaging company. In its two world-class plants with state-of-the-art machinery in Istanbul and Cairo, approximately 1,500 employees produce flexible packaging that is used in more than 200 production sites in over 50 countries.

Elif has a turnover of USD 195m and an export ratio of 62 percent in 2020. Elif enables customers to reach their sustainability goals by using more recycled content, bio-based materials, bio-degradable green PE, and fully recyclable HyPEr/PE laminate structures. Elif’s goal, to be achieved by 2025, is to develop packaging that is 100 percent recyclable, reusable, or compostable. Elif is a member of various initiatives and associations that advocate sustainable solutions and a circular economy, including Save Food, CEFLEX, UNGC, and UNICEF.

Huhtamaki completes acquisition of sustainable flexible packaging supplier Elif for Euro 360 million

Posted in: Packaging Technology 09/23/2021 - 10:43

ESPOO, Finland, Sept. 23, 2021 (Press Release) -Further to the full approval of the Turkish competition authority Huhtamaki has completed the acquisition of Elif Holding A.Ş. (Elif), a major supplier of sustainable flexible packaging to global FMCG brand owners, with operations in Turkey and in Egypt. With this acquisition, Huhtamaki reinforces its position as a leading flexible packaging company in emerging markets and strengthens its existing flexible packaging business in attractive consumer product categories.

The net sales of the acquired business were approximately EUR 163 million (USD 195 million) in 2020. Elif employs approximately 1,500 people in its two manufacturing locations in Istanbul, Turkey and Cairo, Egypt. The cash free debt free purchase price was EUR 360 million (USD 422 million). The acquired business will be reported as part of Huhtamaki´s Flexible Packaging business segment as of September 23, 2021.

About Huhtamaki

Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, enabling wellbeing and convenience. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, and help prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030.

We are a participant in the UN Global Compact and as of 2020, we received an MSCI ESG Rating of A, on a scale of AAA ─ CCC. To play our part in managing climate change, we have committed to set science-based targets through the Science Based Targets initiative. Huhtamaki has been awarded the Gold medal by EcoVadis for performance in sustainability.

With 100 years of history and a strong Nordic heritage we operate in 36 countries and 82 sites around the world. Our values Care Dare Deliver guide our decisions and help our team of 18,200 employees make a difference where it matters. Our 2020 net sales totaled EUR 3.3 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd.

About Elif

Elif is a global benchmark flexible packaging company. In its two world-class plants with state-of-the-art machinery in Istanbul and Cairo, approximately 1,500 employees produce flexible packaging that is used in more than 200 production sites in over 50 countries.

Elif has a turnover of USD 195m and an export ratio of 62 percent in 2020. Elif enables customers to reach their sustainability goals by using more recycled content, bio-based materials, bio-degradable green PE, and fully recyclable HyPEr/PE laminate structures. Elif’s goal, to be achieved by 2025, is to develop packaging that is 100 percent recyclable, reusable, or compostable. Elif is a member of various initiatives and associations that advocate sustainable solutions and a circular economy, including Save Food, CEFLEX, UNGC, and UNICEF.

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

A. P. Møller - Maersk invests in US-based electrofuels startup company Prometheus Fuels to enable cost efficient, carbon neutral eFuels for shipping

Posted in: Bio-Insight 09/23/2021 - 10:34

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

A. P. Møller - Maersk invests in US-based electrofuels startup company Prometheus Fuels to enable cost efficient, carbon neutral eFuels for shipping

Posted in: Environment 09/23/2021 - 10:34

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

A. P. Møller - Maersk invests in US-based electrofuels startup company Prometheus Fuels to enable cost efficient, carbon neutral eFuels for shipping

Posted in: Logistics 09/23/2021 - 10:34

COPENHAGEN, Denmark, Sept. 23, 2021 (Press Release) -The minority investment in Prometheus Fuels will support A.P. Moller - Maersk’s work to execute on the strategy to decarbonise marine operations.

Maersk expects several fuels to exist alongside in the future fuel mix and has identified 4 potential fuel pathways to decarbonization; biodiesel, alcohols, lignin-enhanced alcohols and ammonia.

The investment supports Maersk’s efforts with electrofuels which include alcohols produced from renewable energy. Along with biodiesel, alcohols including green methanol are feasible fuel technologies already today.

“Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.

Morten Bo Christiansen

Head of Decarbonisation, A.P. Moller - Maersk

Maersk expects synthetic alcohols and other electrofuels to play a big role in the decarbonisation of shipping, due to its long-term scalability advantages compared to biobased fuels. Produced from renewable energy and water and ambient CO2 from direct air capture, it has the potential to offer infinite availability regardless of geographic scope.

“Our zero net carbon, zero sulphur electrofuel doesn’t compete with food production – it comes from renewable electricity and air so its feedstock is limitless. Our electrofuel offers a truly viable solution to decarbonise shipping – one that can scale and be implemented in time to avoid catastrophic global warming. We’re excited to partner with Maersk, a global leader in decarbonisation in the transportation and shipping industries, to accelerate this transition.

Rob McGinnis

Founder and CEO of Prometheus Fuels

Maersk joins a team of investors which includes BMW i Ventures and Metaplanet. Peter Votkjaer Jorgensen, Partner at Maersk Growth, will join the Board of Prometheus Fuels.

“Decarbonization is a strategic imperative of Maersk, so investing in this space is a natural focus point for Maersk Growth and one where we can offer value beyond capital through the expertise and scale of the Maersk organization. Prometheus’ technology has disruptive potential for the green fuel market, and we look forward to contributing as well as learning from this partnership in the years to come.

Peter Votkjaer Jorgensen

Venture Partner in Maersk Growth

In August Maersk ordered 8 Green Methanol fueled ocean-going vessels to be delivered from Q1 2024. Earlier this month Maersk invested in WasteFuel, a California-based startup producing green bio-methanol from waste.

About A.P. Moller - Maersk

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs around 80,000 people.

CAERPHILLY, UK, Sept. 23, 2021 (Press Release) -UK-based sustainable packaging company, Transcend Packaging, has announced it is entering a strategic partnership with fellow innovator BioPaxium Technologies, which was recognised as a top materials technology company in the UK.

The result of six years’ worth of intensive research and development, BioPaxium has developed extensive knowledge of advanced moulded fibre technologies which are applicable to a broad range of market segments. Unlike traditional moulded fibre such as egg cartons and cup carriers, advanced moulded fibre technology can be applied to intricate geometries allowing for broader replacement of thermoformed plastic.

The product can be engineered to be resilient to temperatures in excess of 200oC for a prolonged period in both a microwave and conventional oven or alternatively suitable for chilled or frozen products, such as chilled and frozen ready-meals. The products are designed to be recycled or home composted providing an enhanced sustainability profile.

Initially, Transcend will offer a range of lids, cups and trays to the food service market. In 2022, Transcend plans a full launch of a broader product range to provide solutions for plastics replacement to the food service, food and beverage manufacturing, health and beauty and the fast-moving consumer goods markets.

Transcend will produce its moulded fibre in Europe using a low-carbon technology. Currently the majority of moulded fibre sold in Europe comes from East Asia which is often produced using energy from coal. Due to the significant energy consumption and transit distances involved, the carbon footprint of these products is not aligned with emerging corporate sustainability objectives. By producing in Europe using low-carbon technology and minimising transit distance for European customers, Transcend aims to provide the most sustainable moulded fibre available on the European market.

An additional advantage of moulded fibre is that it allows for the use of non-traditional fibres (such as wheat straw or miscanthus) either as the sole fibre base or in a mixture depending upon client requirements. By using non tree-based fibres, materials can be utilised that were often classed as agricultural waste to create moulded fibre products suitable for composting, helping create carbon rich soil that can be used to sustain our agricultural production into the future – a truly circular product.

The partnership will see BioPaxium Technologies license its intellectual property and transfer its production to Transcend Packaging. BioPaxium will assist Transcend with new product introduction and delivering the next generation of circular economy solutions via moulded fibre to meet exponential market demand. Peter Davies, former CEO at BioPaxium, joins Transcend to lead the new moulded fibre division.

With pending legislative and regulatory proposals across both the UK and EU such as extended producer responsibility, plastics taxation and more, moulded fibre provides a more sustainable option for many applications. Moulded fibre is a strong format to assist brands in reducing their regulatory exposure whilst providing a sustainable product at the end of its useful life.

Lorenzo Angelucci, CEO of Transcend Packaging, said: “We are pleased to welcome the innovative expertise of BioPaxium Technologies to our team. Rightfully, their expertise has earned them a reputation as a thought leader in both product design and quality. We can’t wait to bring significant moulded fibre innovations to market together.”

“As we look to scale into new products and continue innovating in the sustainable packaging market space, we saw an opportunity to strengthen our team with additional expertise and truly innovative materials technology. We believe that moulded fibre will be at the forefront of change as brands look to make their packaging more sustainable and Transcend intends to be a significant contributor toward that process.”

Despite being in operation for a little over three years, Transcend has already won a number of major contracts with high street brands. This includes supplying eco-friendly paper straws to the likes of McDonald’s and KFC, unveiled the first on-pack bendable straw in the UK for juice brand Ribena, and recently opened an additional production facility in Europe, which is based in Italy.

BioPaxium Technologies CEO, Peter Davies said: “We are delighted to be joining this strategic partnership with Transcend Packaging. Transcend has emerged as the European market leader for paper-straw production with a strong portfolio of major multi-national clients. We look forward to helping Transcend bring new moulded fibre innovations to market while expanding to new markets across Europe and beyond.”

Transcend Packaging enters strategic partnership with fellow innovator BioPaxium Technologies to deliver range of advanced moulded fibre products to replace plastic

Posted in: Environment 09/23/2021 - 08:21