Pulpex Limited, based in Cambridgeshire, has raised £62M in a Series D funding round to build its first manufacturing facility near Glasgow. Led by the National Wealth Fund and supported by the Scottish National Investment Bank, these funds will enable Pulpex to enhance its development of a fibre-based bottle solution, promoting sustainability in packaging. The company's innovative, recyclable product aims to reduce reliance on traditional materials like plastic and glass, aligning with global decarbonization goals and appealing to major FMCG partners.
This investment will drive the decarbonisation of the packaging sector using leading-edge Material Bioscience to ensure this much-needed alternative to glass and plastic will deliver its ambition.
Pulpex has developed an innovative fibre-based bottle solution that contains no hidden plastic, made from sustainably sourced wood pulp that is designed to be recycled.
The company's patented and scalable technology produces a recyclable and biodegradable end product that has a lower carbon impact compared to traditional glass or plastic packaging.
The construction of a planned 50M bottle per annum facility near Glasgow is a significant step in showcasing the scalability of Pulpex’s technology globally.
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