Finnish beauty brand LUMENE is the first to launch a biobased packaging application with both the jar and label made with UPM’s innovative wood-based material, further processed by SABIC. LUMENE’s new jar and the self-adhesive label originate from renewable UPM BioVerno™ naphtha, produced by UPM in Finland. The naphtha is processed into certified renewable polypropylene by SABIC, a global leader in the chemical industry, and then converted both into commonly recyclable cosmetics containers and product labels printed on UPM Raflatac Forest Film label material.
Stora Enso successfully issued two new EUR 500 million green bonds
Stora Enso has successfully issued two new EUR 500 million green bonds under its EMTN (Euro Medium Term Note) programme. The bonds have 3 and 6.25 year maturities and pay a fixed coupon of 4.00% and 4.25% respectively. The bonds are issued under Stora Enso’s new combined Green and Sustainability-Linked Financing Framework launched in May 2023. The issue price for the 3 year bond was 99.928 equivalent to a yield of 4.026% and Euro Mid-Swaps +65 basis points and for the 6.25 year bond 99.64 equivalent to a yield of 4.32% and Euro Mid-Swaps +120 basis points.
UPM Biochemicals and URSA joined forces to develop new sustainable building insulation
UPM Biochemicals and URSA, one of the leading producers of glass wool and mineral wool in Europe, joined forces to develop more environmentally friendly building insulation that will help to reduce energy consumption and lower CO2 emissions. URSA will produce sustainable glass wool made from an innovative, binder based on UPM BioPiva™ lignin. It will be one of the most natural insulation material available on the market.
LanzaTech and Plastipak partner to produce world’s first PET Resin made from waste carbon
LanzaTech Global, Illinois-headquartered innovative carbon capture and transformation (“CCT”) company that converts waste carbon into materials, and Plastipak Packaging, a global leader in the design, manufacture, and recycling of plastic containers, have successfully produced PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions. The resin is suitable for food, personal care, and pharmaceutical packaging, as well as other non-packaging applications.
An interview with Roberto Marangon, Senior Application Development Manager at Novamont
“One of the great challenges is to use fewer resources by regenerating territories and taking care of biodiversity and soil health. Diversifying bio-based value chain is then a crucial point to meet the challenge of raw material shortages.” To say it – in this interview with Il Bioeconomista – is Roberto Marangon, Senior Application Development Manager at Novamont, the Italian company which is one of the leading players in the world bioplastics’ market. With him we talk about innovation in the bioplastics sector and the next steps of the company headquartered in Novara.
Interview by Mario Bonaccorso
UPM Specialty Papers and Fiorini Packaging joined forces to create a bio-based sack suitable for pet food applications
Working in partnership with Fiorini Packaging, the specialist manufacturer of industrial paper sacks, UPM Specialty Papers has co-created a sustainable, fibre-based sack suitable for pet food applications of up to 20 kg. Already available to order from Fiorini, a sample of the new sack was showcased on the UPM Specialty Papers stand at Interpack 2023.
An exclusive interview with Nick Smith, Head of Development and Commercialisation at Circa Group
“When we consider that nearly all of the materials and products in society today are essentially 100% based on petrochemicals and that the chemical sector is responsible for 10% of global carbon emissions, half of that from the fossil-based feedstock used to produce the chemicals, we see that the world is not only dependent on petroleum but also on petrochemicals. To transition to a lower carbon economy, we need renewable chemicals just as much as renewable energy.” Nick Smith, Head of Development Commercialisation at Circa Group, talks to Il Bioeconomista. In this exclusive interview, he talks about the ReSolute plant in Eastern France, the new partnerships and the next steps of the Australian company and the role of the bioeconomy to make industries more sustainable.
Interview by Mario Bonaccorso
MAIRE Tecnimont Acquires Conser to Strengthen Energy Transition Portfolio
MAIRE Tecnimont S.p.A., a leading player in the engineering and construction of plants in the energy, infrastructure, and petrochemical sectors, announced the completion of the acquisition of an 83.5% stake in Conser.
Fragrance & Beauty: Amyris closed strategic transaction with Givaudan
Amyris, Inc., a US leading synthetic biotechnology company, completed the previously announced strategic transaction with Givaudan SA for the worldwide exclusive licensing of certain cosmetic ingredients, including Neossance® Squalane, the highest performant emollient, Neossance® Hemisqualane, the plant-based silicone alternative, and CleanScreen™, the sustainable sun protector.
Negotiations in final stages for Versalis’ acquisition of Novamont, leader in the chemicals from renewables
Versalis, Eni’s chemical company and 36% shareholder of Novamont, and Mater-Bi, a company controlled by Investitori Associati II and NB Renaissance, shareholder of Novamont’s remaining 64%, announce exclusive negotiations to finalise the acquisition by Versalis of Novamont’s entire share package.