technology

Israeli biotech startup MadeRight, which has developed a process of cultivating fungi for green packaging, has nabbed $2 million in seed funding to drive the production of eco-friendly industrial materials.

The funding round was led by Fresh Start foodtech incubator and group of investors including Israeli venture capital firm Arkin Holdings and ARC Impact, that back on early-stage startups.

Today, Dove has announced the Dove Nature Regeneration Project—the Unilever brand's latest initiative to protect nature and tackle climate change.

In partnership with the Rimba Collective, Dove will help protect and restore 123,000 acres of rainforest in Southeast Asia over five years. The area is 8 times the size of Manhattan.

The packs are made with Parkside’s patented triplex Park2Nature material, which is TÜV certified as home-compostable within 26 weeks in normal composting conditions and 12 weeks in an industrial composting facility. The products are grown, processed and packed entirely on the New Forest Fruit Company’s farm in New Forest, Hampshire, ensuring minimal carbon footprint for each product.

PFAS, known as “forever chemicals,” have been widely used in industry and consumer products worldwide since the mid-20th century. Once favored for their oil- and water-resistant properties, PFAS have recently been under public scrutiny for their inability to breakdown in the environment and because of potential adverse health effects. As a result, legislators around the world have enacted laws banning PFAS in products, including packaging, putting pressure on manufacturers across a wide spectrum of industries for coordinated action. 

There's a new way to literally make recycling more attractive using a common shrink-sleeve material. The Association of Plastic Recyclers (APR) has granted Responsible Innovation Recognition to Magnomer for its Magmark SS magnetizable coatings applied to PET-G shrink films for labeling of PET containers. Based on a high-volume commercial scale recyclability test for shrink sleeves, the APR recognition demonstrates that Magnomer’s novel magnetizable coatings technology is expected to be compatible with the sortation and reclaiming steps commonly used for the recycling of PET containers.

Stay ahead of the competition

Today, brands are under more pressure than ever to create and produce faster — and that includes their packaging. But more often than not, brands can’t simply scale their resources to meet this demand. In other words, there’s now more work to be done in less time with the same number of people.

South Korean chip manufacturer SK Hynix is considering India's semiconductor manufacturing incentive scheme and is in contact with the concerned government officials to set up a packaging facility in the country, The Indian Express (IE) has reported.

The company is primarily involved in the manufacturing of memory chips which includes computing memory, consumer and network memory, and graphics memory. SK Hynix is evaluating India from an assembly and testing destination standpoint, the report said.