Page 35 - Plastics News September 2024
P. 35
COMPANY NEWS
The Vanguard range uses a proprietary formu- aging solutions to the market and together we
lation to achieve grease resistance without the have unmatched reach in our ability to identify
addition of PFAS, offering a sustainable alterna- and commercialise innovative new solutions the
tive to traditional packaging materials. [that] meet the elevated sustainability require-
ments of the global foodservice packaging mar-
Detpak and US-based Eco-Products started ketplace.”
their partnership in 2021.
Source – Packaging Gateway
Eco-Products president Ian Jacobson said:
“Both businesses have a strong strategic fo-
cus to deliver innovative and sustainable pack-
Clean-tech startup ReCircle raises bridge round
led by Venture Catalysts and Mumbai Angels
Rahul Nainani, CEO & Co-Found-
er, ReCircle says that by forward
integration into the supply chain,
they will get control over the
entire supply chain, providing
traceability from bottle to bottle.
lean-tech startup ReCircle recently an- With this, the company opens up a new revenue
nounced that it has secured an undis- channel that will help it target a revenue of Rs
Cclosed amount in a bridge funding round 100 crore in the next financial year (2025-26).
led by Venture Catalysts and Mumbai Angels.
The company cannot share any additional in- This funding will support ReCircle’s mission to
formation about the fund raise quantum cur- transition to a circular system for plastic waste.
rently. This funding will enable ReCircle to pro- Rahul Nainani, CEO & Co-Founder, says that by
vide high-quality recycled and traceable plastics forward integration into the supply chain, they
to companies using the material for packaging. will get control over the entire supply chain, pro-
PLASTICS NEWSASTICS NEWS
September 2024
September 2024 PL 35 37
