Pactiv Evergreen and ExxonMobil Collaborate to Leverage Advanced Recycling for Foodservice Industry Packaging
28 9월 2023 - 5:05AM
Pactiv Evergreen Inc. (NASDAQ: PTVE) a leading manufacturer of
fresh food and beverage packaging in North America, and ExxonMobil,
a leader in advanced recycling technology, are teaming up to
provide certified-circular packaging solutions to major food brands
and foodservice providers.
Pactiv Evergreen will soon offer its customers
certified-circular polypropylene (PP) packaging products leveraging
ExxonMobil’s Exxtend™ technology for advanced recycling. These
innovative products will meet all regulatory requirements and
specifications for food contact applications.
“Pactiv Evergreen produces more than 14,000
products in 14 different materials that protect, package and
display fresh food and beverages,” said Tim Levenda, President of
Pactiv Evergreen’s Foodservice business unit. “Our broad material
expertise allows us to support our customers quickly and
effectively, and our collaboration with ExxonMobil enables us to
offer additional innovative packaging options to our customers with
an expanded portfolio of circular packaging.”
ExxonMobil’s Exxtend technology can help widen the
range of plastic materials that can be recycled and provides
performance and quality identical to virgin plastics. Through
Exxtend technology, plastic waste is broken down into its molecular
building blocks and attributed to many valuable new products,
including PP, through a mass balance approach. Through the
collaboration, Pactiv Evergreen will convert ExxonMobil’s PP into
packaging, which is International Sustainability and Carbon
Certification (ISCC) Plus certified-circular. ISCC PLUS is an
internationally recognized, third-party certification process for
circular content, which offers full traceability along the supply
chain.
“We are excited to work with Pactiv Evergreen and others in the
value chain to help create new opportunities to support the
circular economy for plastics,” said Olivier Lorge, Global
Marketing Manager, Polypropylene, Vistamaxx™, and Exact™,
ExxonMobil. “In the foodservice industry, we see tremendous
opportunity to help address consumer demand for more circular
products, without sacrificing performance or safety for PP products
in food-contact applications.”
About Pactiv Evergreen Inc. Pactiv
Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and
distributor of fresh foodservice and food merchandising products
and fresh beverage cartons in North America. The Company produces a
broad range of on-trend and feature-rich products that protect,
package and display food and beverages for today’s consumers. Its
products, many of which are made with recycled, recyclable or
renewable materials, are sold to a diversified mix of customers,
including restaurants, foodservice distributors, retailers, food
and beverage producers, packers and processors. Learn more
at www.pactivevergreen.com.
Media Contact:Beth
Kellybeth.kelly@pactivevergreen.com
Pactiv Evergreen (NASDAQ:PTVE)
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Pactiv Evergreen (NASDAQ:PTVE)
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