Huhtamaki, a global advanced manufacturer of sustainable packaging solutions, announces its investment in Emerald Technology Ventures’ sustainable packaging fund. As a limited partner, Huhtamaki will help to foster next-generation sustainable packaging solutions and tap into nascent innovation of start-ups.
Huhtamaki is committed to ensuring that its innovation for sustainable packaging solutions has a net positive impact by achieving carbon neutral production and designing all its products to be recyclable, compostable or reusable by 2030. In line with this, Huhtamaki is continuously investing in innovation and seeking to develop next-generation, transformative innovation. The investment into Emerald Technology Ventures’ sustainable packaging fund follows Huhtamaki’s earlier collaboration with start-ups – launched in 2020 as part of Huhtamaki’s centennial – which demonstrated the value of partnerships in identifying, developing and deploying systemic solutions to deliver game-changing sustainable packaging solutions for the future.
“For us to proactively drive next-generation innovation – that will change the face of the packaging industry – we need to investigate all avenues and partner with experts to do so. Our focus is on delivering sustainable packaging solutions, with a net positive impact, driving accessibility, affordability, hygiene and safety of food for consumers all around the world. We embed sustainability in everything we do and are happy to invest in Emerald’s sustainable packaging fund as it is aligned with our strategic priorities. We look forward to working with Emerald, whose expertise and global reach will help us explore new possibilities to create value for our customers and shareholders as well as our employees and the planet?,” says Charles Héaulmé, President and CEO at Huhtamaki.
Emerald Technology Ventures announced the launch of a fund focused on sustainable packaging in April 2022. The fund is one of the first venture-backed investment vehicles targeting the full packaging lifecycle. With the global packaging sector set for growth amid a major push to reduce waste and greenhouse gas emissions, the fund aims to catalyze leaps in the advanced materials and industrial technologies that will both benefit the planet and earn significant returns. Leveraging its long track record of working with global corporate partners, Emerald will seek investments in sectors across all stages of the circular economy, ranging from smart packaging to raw materials to plastics recycling.
“We are thrilled to be working with Huhtamaki in the push to transform the packaging sector. Packaging is a vital part of our modern commercial landscape, and we are excited to work with Huhtamaki on developing sustainable solutions which ensure that innovation in packaging has a positive impact,” says Gina Domanig, Emerald Managing Partner.