Ann: Form 8-K - FY24 Results, page-23

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    Amcor and Kolon to develop sustainable polyester materials for packaging

    The collaboration will concentrate on developing new technologies based on chemically recycled PET and PEF.
    November 28, 2024
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    The deal will support Amcor’s commitment to achieve net-zero carbon emissions by 2050. Credit: Amcor.
    Global packaging solutions provider Amcor has entered into a collaboration with Kolon Industries to develop sustainable polyester materials for its flexible packaging business.
    This strategic partnership aims to advance packaging sustainability by combining Amcor’s packaging expertise with Kolon’s high-polymer manufacturing technology.
    The collaboration will concentrate on researching and developing new technologies related to chemically recycled polyethylene terephthalate (PET) and polyethylene furanoate (PEF) materials.

    Kolon is developing an advanced recycling process to convert post-consumer bottles, fibres, and flexible packaging into new PET.
    This usage of chemically recycled PET supports Amcor’s goal to integrate 30% post-consumer recycled materials into its portfolio by 2030.
    Kolon’s PEF material, sourced from 100% sustainable biomass, offers improved product protection alongside a lower carbon footprint. Additionally, it will support Amcor’s commitment to achieve net-zero carbon emissions by 2050.
 
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