element6 Dynamics and German-based PAPACKS® are pleased to announce the signing of a Memorandum of Understanding to Joint Venture on the US expansion of PAPACKS’ molded and thermal formed packaging in partnership with element6 Dynamics, a US modern pioneer in industrial hemp.
Details of this MOU are confidential; however, this Joint Venture will offer regenerative alternative fiber (industrial hemp) packaging solutions for consumer-packaged goods, pharmaceutical, technology and general companies endeavoring to decarbonize, transition from plastic, and reduce deforestation in their supply chain.
“Our goal is to provide new materials that are regenerative not extractive and introduce processes that decarbonize and have little to no waste at prices that are competitive with incumbent solutions,” said Kimberly Kovacs, CEO of element6 Dynamics and past Forbes 50 over 50 Women in Finance honoree. “PAPACKS® is an innovative leader in fiber-based material, focused on sustainable solutions and we are thrilled to partner with them to bring this Joint Venture into the US.”
element6 Dynamics is a US leader in industrial hemp including but not limited to genetic breeding, cultivation, and conversion of industrial hemp biomass (to mimic characteristics of traditional softwood Kraft Pulp). element6 Dynamics pulp (e6 Pulp) has been proven as a drop-in market ready pulp solution with new or existing papermill and packaging infrastructure.
PAPACKS® set the standard in Europe for sustainable fiber-based packaging, catering to both barrier-specific food and non-food, pharmaceutical and cosmetics packaging needs. The company prioritizes the use of renewable raw materials in research and production, including virgin fiber and industrial hemp. Their commitment to innovation is globally recognized through over 75 patent families, 30 awards, and more than a decade of pioneering work.
The parties intend to construct 10 fully integrated molded and thermal formed manufacturing facilities throughout the US and taking a bio-regional approach in locating each facility near and around their cultivation footprint, and academic partnerships, ensuring a cost effective, environmental solution to reshoring business in a sustainable, and responsible way.
