{"id":5469,"date":"2025-02-20T04:01:20","date_gmt":"2025-02-20T09:01:20","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5469"},"modified":"2025-02-20T04:01:20","modified_gmt":"2025-02-20T09:01:20","slug":"pulpex-raises-78m-to-build-new-packaging-facility-in-scotland","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5469","title":{"rendered":"Pulpex raises $78m to build new packaging facility in Scotland"},"content":{"rendered":"


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The majority of the funding came from the NWF. Credit: Pulpex.<\/figcaption><\/figure>\n<\/p><\/div>\n

Pulpex, a sustainable packaging technology company, has raised \u00a362m ($78m) in a Series D funding round, which was led by the National Wealth Fund (NWF) and the Scottish National Investment Bank.<\/p>\n

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The funds have been raised for a new packaging facility in Glasgow, Scotland. \u00a0<\/p>\n

The NWF committed \u00a343.5m in direct equity while the Scottish National Investment Bank is set to co-invest \u00a310m, with the remaining \u00a38.5m coming from existing investors.<\/p>\n

This funding round represents the NWF\u2019s first investment in Scotland since its transformation.<\/p>\n

NWF CEO John Flint said: \u201cWe need to recycle more and unlock the growth potential of the circular economy. That requires sophisticated, long-term investment, both in infrastructure and packaging innovation.<\/p>\n

\u201cExciting technological advancements like Pulpex are a great example of that potential. But they need catalytic investment to scale and commercialise.<\/p>\n

\u201cThrough financing Pulpex\u2019s new facility in Glasgow, we will help remove barriers to future investment from private capital and lay the foundations for further growth.\u201d<\/p>\n

Pulpex has developed a fibre-based bottle made from sustainably sourced wood pulp, free of plastic, and designed to be recycled alongside paper or card in regular household recycling streams.<\/p>\n

The company claims that its patented technology offers a recyclable and biodegradable packaging alternative with a lower carbon footprint compared to traditional glass or plastic packaging.<\/p>\n

The support from the NWF and the Scottish National Investment Bank is crucial for the commercialisation of Pulpex\u2019s technology and its subsequent adoption by packaging manufacturers and their clients.<\/p>\n

With this new capital infusion, Pulpex aims to transition from its current research and development (R&D) and pilot production stage at its headquarters in Cambridge, England, to a full-scale production facility.<\/p>\n

According to Pulpex, the planned facility, capable of producing 50 million bottles annually, is expected to create 35 new jobs in Scotland.<\/p>\n

Pulpex has already formed partnerships with major fast-moving consumer goods brands such as Diageo, Unilever, and Kraft Heinz.<\/p>\n

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