USA: Circular Economy Sealed Air Collaborates with Plastic Energy for Circularity of Plastics
Under the terms of the agreement, Sealed Air and Plastic Energy will aim to develop new technology advancements to enhance the circularity of plastics. With this deal, Sealed Air intends to eliminate plastic waste and assist its customers to include recycled plastics into their packaging.
North Carolina/USA – Sealed Air Corporation has recently announced that it has signed a collaboration agreement with Plastic Energy. Additionally, Sealed Air has made an equity investment in Plastic Energy Global, the parent company of Plastic Energy.
“We’re excited to join forces with Plastic Energy to innovate faster and accelerate the development of new technology that eliminates waste and ensures a circular economy for plastics,” said Ted Doheny, Sealed Air President & CEO. “This collaboration will help us meet our 2025 sustainability pledge and lead the way in transforming our industry.”
“We are delighted to start this new strategic collaboration with Sealed Air, which will lead to the acceleration of development of the advanced recycling industry as well as provide a circular solution for more and more plastics,” said Carlos Monreal, Founder and CEO of Plastic Energy.
Plastic Energy has a technology platform that enables the diversion of waste plastic away from landfills, with the goal of processing 300,000 tonnes of plastic by 2025. Plastic Energy transforms post-consumer plastic waste into new recycled oil that can be used to create essential packaging solutions, including protective packaging for food, thereby enabling plastic to become a new resource. Through this collaboration with Plastic Energy, Sealed Air is helping to eliminate plastic waste, support complementary approaches to recycling and enable its customers to incorporate recycled plastics back into their packaging.