{"id":5892,"date":"2025-03-13T11:37:34","date_gmt":"2025-03-13T15:37:34","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5892"},"modified":"2025-03-13T11:37:34","modified_gmt":"2025-03-13T15:37:34","slug":"pinc-invests-in-glenntex-for-sustainable-packaging-innovation","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5892","title":{"rendered":"PINC invests in Glenntex for sustainable packaging innovation"},"content":{"rendered":"


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The pre-seed funding round involved ALMI Invest, PINC, and Chalmers Ventures. Credit: Matveev Aleksandr via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

PINC, the investment branch of Paulig, is providing funding to the Swedish startup Glenntex, which has devised a process to optimise the functionality of graphene.<\/p>\n

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The \u20ac0.7m ($0.76m) pre-seed funding round was headed by ALMI Invest, with PINC and Chalmers Ventures acting as co-investors.<\/p>\n

PINC senior investment manager Erika Hombert said: \u201cWe have been on the lookout for packaging companies that could support us in solving some of the issues with petroleum-based packaging materials, while also aligning with EU regulation and Paulig\u2019s sustainability targets in this area.<\/p>\n

\u201cGlenntex stands out among startups in this field, with their unique technology and the ability to leverage existing machinery for production and recycling.\u201d<\/p>\n

Glenntex, a spin-off from Chalmers University of Technology, is based on the research of co-founder Govin Induchoodan, focusing on the functionalisation of graphene.<\/p>\n

This process employs nanotechnology to enable graphene to bond with deteriorated plastics, leveraging the material\u2019s characteristics to improve the durability of recycled materials.<\/p>\n

The carbon-based material is claimed to cut the need for new plastic in packaging by up to 30%, allowing a significantly higher proportion of recycled plastics to be used without affecting performance while also making recycled packaging easier to reuse.<\/p>\n

Glenntex said that the EU is advancing circularity through the Packaging and Packaging Waste Regulation, aiming for all packaging to be reusable or recyclable in the region by 2030.<\/p>\n

The company is already involved in numerous ongoing international collaborations across different industries.<\/p>\n

Glenntex CEO Anders Sonesson said: \u201cWe\u2019re thrilled to have PINC on board. We have already received significant interest from global multinationals, along with impressive results from our pilots in the food and beverage industry.<\/p>\n

\u201cPINC is the ideal partner for this journey, bringing invaluable industry expertise and a vast international network.\u201d<\/p>\n

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