Press release
Global Packaging Value Chain Leaders Mondelēz International and Amcor Invest in Licella Advanced Recycling in Australia
Licella, Amcor and Mondelēz International partner to help promote a circular pack economyCollaboration supports construction of one of the country’s first
About this update from Mondelez International, Inc.
[{"type":"text","content":"Licella, Amcor and Mondelēz International partner to help promote a circular pack economyCollaboration supports construction of one of the country’s first advanced recycling facilities – an important step toward net zero packaging waste CHICAGO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ), the company with iconic snack brands Cadbury, The Natural Confectionery Company, Pascall and others, today joined forces with leaders in the packaging supply chain to further advance a circular economy for plastic packaging in Australia. Together with Amcor, a global leader in developing and producing responsible packaging solutions, the company is investing in advanced recycling technology pioneer Licella. The investments announced today will help Licella progress construction of one of the first advanced recycling facilities in Australia. Licella will use its innovative Catalytic Hydrothermal Reactor (Cat-HTR™) technology to recycle end-of-life plastic back into a crude oil substitute suitable to produce new food-grade plastic packaging. Cat-HTR™ is an advanced hydrothermal liquefaction (HTL) technology, which uses hot, pressurized water to continuously recycle end-of-life plastic that would otherwise be sent to landfill. The new Australian facility, called Advanced Recycling Victoria (ARV), is anticipated to initially process about 20,000 tons per year of end-of-life plastic, with plans to scale up to 120,000 tons per year. Through Amcor, Mondelēz International expects to have access to recycled content from this site to meet much of its Australian soft plastic packaging needs, significantly reducing its need for virgin plastic in Australia. With sustainability as the fourth pillar of Mondelēz International’s long-term business strategy, the company’s sustainability initiatives are designed to drive growth and create value for its many stakeholders. Recognizing the environmental challenges associated with packaging waste, the company strives to work with partners across the value chain to help support a circular economy for packaging waste. Through its ‘Light and Right’ packaging strategy, Mondelēz International aims to remove unnecessary packaging and simplify packaging materials across the business. “While plastic plays an important part in the security, quality, protection and preservation of food produc...