Sustainable Packing Company Makes Major Push into Moulded Fibre
Transcend Packaging has announced a strategic partnership with materials technology company BioPaxium Technologies.
The deal will aim to deliver a range of advanced moulded fibre products to replace plastic.
The partnership will see BioPaxium Technologies license its intellectual property and transfer its production to Transcend Packaging.
BioPaxium said unlike traditional moulded fibre such as egg cartons and cup carriers, advanced moulded fibre technology can be applied to intricate geometries allowing for broader replacement of thermoformed plastic.
The product can be engineered to be resilient to temperatures in excess of 200 degrees for a prolonged period in both a microwave and conventional oven or alternatively suitable for chilled or frozen products, such as chilled and frozen ready-meals.
The products are designed to be recycled or home composted providing an enhanced sustainability profile.
Lorenzo Angelucci, chief executive of Transcend Packaging, said: “As we look to scale into new products and continue innovating in the sustainable packaging market space, we saw an opportunity to strengthen our team with additional expertise and truly innovative materials technology. We believe that moulded fibre will be at the forefront of change as brands look to make their packaging more sustainable and Transcend intends to be a significant contributor toward that process.
Peter Davies, chief executive of BioPaxium Technologies, said: “We are delighted to be joining this strategic partnership with Transcend Packaging. Transcend has emerged as the European market leader for paper-straw production with a strong portfolio of major multi-national clients. We look forward to helping Transcend bring new innovations to market while expanding to new markets across Europe and beyond
This was posted in Bdaily's Members' News section by Transcend Packaging .
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