The company is among the first to deploy plastics pyrolysis at commercial scale for end-of-life plastic, making this expansion a significant step in scaling the technology for the broader European market.
Funding will help scale Seprify’s bio-based materials platform as demand rises for sustainable alternatives to high-emission ingredients.
The traysealers offer sustainable seafood packaging with reduced plastic usage and enhanced vertical presentation at retail.
This initiative is projectedto save 102.5 metric tons of CO2 annually and 6.9 metric tons of plastic waste.
The global chemical recycling market is projected to hit US$18.5 billion by 2034.
The transaction is still subject to certain conditions, including mandatory consultation processes.
The new line brings the entire manufacturing process onto a single site.
The facility will also receive a new syringe assembly and blister packaging suite.
The acquisition will create a new automotive safety business unit within CCL Design.