Get the app today! Download iPhone App Download Android App

Finnish Plastic-Free Drinking Straw Attracts Funding To Scale Up

Published on Dec 16 2019 10:20 AM in Packaging And Design tagged: Sustainability / finland / Stora Enso / Sulapac / Straw

Finnish Plastic-Free Drinking Straw Attracts Funding To Scale Up

Finland's Stora Enso said its biodegradable drinking straws aimed at tackling the world's plastic waste were now on sale to European customers, while its developer, Sulapac, had raised funds to expand production.

Stora Enso, one of the world's largest pulp and paper makers, announced the joint venture to develop the straw with Sulapac a year ago, after European Union lawmakers decided to ban widely-used, throw-away plastics such as straws and cotton buds by 2021.

Sulapac said it had raised €15 million ($16.5 million) in new funding from investors including luxury house Chanel and international media houses to scale up the production of its renewable straw material and to explore other uses for it.

'Innovative Materials'

"Our cooperation with Sulapac allows us to explore new types of innovative and scalable materials and widen our offering of renewable solutions," Marcus Dehlin, Stora Enso's head of business alliances, said in a statement.

The majority of Stora's profit comes from pulp and packaging board but the company is exploring new materials to complement its biocomposite business to meet growing consumer demand for sustainable packaging.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email