Mondelēz International, Amcor invest in the circular economy

Snack giant Mondelēz International and Amcor, a global leader in developing responsible packaging solutions, are investing in Licella, an advanced recycling pioneer, to move towards ending plastic waste. 

Together, the businesses will help fund one of the first Australian-based advanced recycling facilities – using a process called Cat-HTR – to encourage a circular economy for plastic packaging in Australia. 

What is Cat HTR?

By using advanced hydrothermal liquefaction (HTL) technology, Cat-HRT is able to continuously recycle end-of-life plastic, which would otherwise be sent to landfill. 

Licella’s new investment will allow the new facility – Advanced Recycling Victoria (ARV) – to process approximately 20,000 tonnes of end-of-life plastic per year. Plans have already been outlined to scale up to 120,000 tonnes per year. 

How are Mondelēz International and Amcor contributing to a circular economy?

Mondelēz International has set out a long-term business strategy, naming sustainability as its fourth key pillar, in a bid to drive growth and create greater business value.

Part of this process is the ‘Light and Right’ strategy, which aims to simplify materials across the business and remove all unnecessary packaging.

While plastic plays an important part in the security, quality, protection and preservation of food products, there is a gap in sustainable local recycling solutions, says Christine Montenegro McGrath, Senior Vice President and Chief Global Impact and Sustainability Officer at Mondelēz International.

She says: “Our packaging strategy is focused on using less packaging, better packaging and helping to build better systems. This investment brings together multiple stakeholders in the supply chain to scale the infrastructure and technology needed to help create a more sustainable future for plastics and is part of our longer-term focus on working toward our goal of net-zero packaging waste by supporting circular economies.”

On this new collaboration, Frank Lehmann, Vice President of Corporate Venturing and Open Innovation at Amcor says: “Amcor is continually seeking opportunities to invest in new technologies that will bring long-term benefits to our customers, consumers and the planet. We recognise our products can play a vital role in the circular economy, and partnerships like this enhance our ability to deliver innovative solutions for our customers, like Mondelēz International.” 

*************************************************

For more insights into Sustainability - check out the latest edition of Sustainability Magazine and be sure to follow us on LinkedIn & Twitter

Other magazines that may be of interest - EV Magazine | Energy Digital

Please also check out our upcoming event - Sustainability LIVE in London at the BDC on Sept 6/7th 2023

*********************************************

BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEO's, CFO's, CMO's, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.