WINNIPEG, MB, March 9,
2022 /PRNewswire/ - Winpak Ltd. (WPK), a manufacturer
and distributor of high-quality packaging materials for perishable
foods, beverages and healthcare announced today that PureCycle
Technologies, Inc. (NASDAQ: PCT) will be providing Winpak with
Ultra-Pure Recycled (UPR) Polypropylene (PP) from its newest
facility to be constructed in Augusta,
Georgia. This agreement further expands Winpak's recyclable
packaging solutions, now containing post-consumer recycled (PCR)
content and further expands brand and consumer access to PureCycled
plastic.
PureCycle harnesses a patented process that transforms plastic
waste into a like-new recycled plastic that can continually be
reused and potentially stay out of landfills and oceans. The
PureCycle process is unique because it separates color, odor and
contaminants from plastic waste feedstock to transform it into
ultra-pure recycled polypropylene with lower greenhouse emissions
than traditional resin.
According to a recent study by IBM Institute for Business Value
and the National Retail Federation, sustainability and
environmental impact are top of mind for consumers when purchasing
products:
- Half of consumers (50%) are willing to pay a premium for
Sustainability
- Purpose-driven consumers represent the largest segment (44%) of
consumers today
- 62% of consumers say they're willing to change their purchasing
habits to reduce environmental impact
Considering studies showing that consumers are willing to change
how they shop to reduce their environmental impact, the agreement
between Winpak and PureCycle will help brands connect more
effectively with consumers and deliver products that put the
environment top of mind. The use of PureCycled polypropylene
reinforces Winpak's drive to ensure a Circular Economy for its
high-performance polypropylene solutions by introducing PCR content
into packages that can be recycled. Further, Purecycle's UPR
polypropylene reduces greenhouse gas (GHG) emissions by 35% vs
virgin, fossil-fuel derived polypropylene.
"Our customers expect that we deliver innovative solutions to
help them effectively reduce their environmental impact and fulfill
their pledge to create a Circular Economy for packaging made from
polypropylene", states Olivier
Muggli, Winpak's President and CEO. "Winpak's
collaboration with PureCycle will enable us to provide brands with
truly sustainable packaging solutions containing PCR polypropylene
and ultimately deliver to consumers recyclable products that can
stay out of landfills."
About Winpak:
Winpak's mantra "It's Our Nature to
Protect™" serves as the foundation for our vision to provide the
best packaging solutions for people and planet. The Company
manufactures and distributes high-quality packaging materials and
innovative packaging machines, primarily used for the protection of
perishable foods, beverages, pharmaceuticals, medical and personal
care.
Winpak specializes in three main business streams – Flexible
Packaging, Rigid Packaging & Lidding, and Packaging Machinery.
Winpak is actively engaged in driving the principles of a Circular
Economy, and is a member of Ameripen, the Association of Plastic
Recyclers, CIAC Plastics Division, PAC Global, the Polypropylene
Recycling Coalition and the Sustainable Packaging Coalition.
Learn more about Winpak at www.winpak.com
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SOURCE Winpak Ltd.