♻️ Amcor, Mondelēz International and Licella partner to promote circular economy
Leaders in the packaging value chain have today joined forces to further advance a circular economy for plastic packaging in Australia. Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, and Mondelēz International, Inc. (Nasdaq: MDLZ), the company with iconic snack brands Cadbury, The Natural Confectionery Company, Pascall and others, are investing in advanced recycling technology pioneer Licella in an important step towards ending plastic waste.
The investments announced today will help Licella progress construction of one of the first advanced recycling facilities in Australia. Licella will use its innovative Catalytic Hydrothermal Reactor (Cat-HTR™) technology to recycle end-of-life plastic back into a crude oil substitute suitable to produce new food-grade plastic packaging.