Join us in exploring the latest developments in the #circulareconomy for July 👇:
TOMRA Recycling is collaborating with Henkel to enhance the recyclability of Henkel's packaging. Henkel has installed Tomra's Autosort system, which uses advanced sensor technology to evaluate packaging materials for their sorting and recycling capabilities. This initiative supports Henkel's commitment to "Design for Recycling," ensuring #packaging is optimized for recyclability before market release. Tomra's technology, operational in numerous countries, helps achieve effective recycling and fosters a circular economy by improving the sortability of consumer goods packaging. 📦
Biotrend SA and Freepoint Eco-Systems have announced a strategic partnership to enhance the recycling of waste plastics in Turkey, the Balkans, and Central Asia. Their collaboration focuses on developing advanced recycling facilities that convert waste plastics into pyrolysis oil, a key ingredient for new plastic production. This partnership aims to recycle 250,000 tons of waste plastic annually, significantly reducing plastic pollution. Biotrend will also sell 10% of its shares to Freepoint, using the proceeds to fund new recycling projects. 🚮
Our portfolio company ELICIT PLANT and Bayer announced a collaboration to enhance agricultural productivity. Elicit Plant will leverage its expertise in phytosterol-based solutions to improve plant resistance to water stress, while Bayer will contribute its extensive #network and resources. This #partnership aims to develop sustainable solutions for farmers, focusing on innovations that can mitigate the impacts of climate change on agriculture. Both companies are committed to promoting environmentally friendly practices and improving crop yields. 🌱
We are excited about the latest developments in the circular economy and are proud of our portfolio company Elicit Plant for achieving such a milestone. 💚
#sustainabiliy #venturecapital #circularbioeconomy
Former Secretary to the Government of India and Director General of Shipping
1wBravo.! Heartiest kudos. Best wishes for continuing to push the frontiers of technologically innovative and path-breaking work in the sustainable recycling space.