Pulpex, which was established by Johnnie Walker-maker Diageo and Pilot Lite, has secured funding to deliver a commercially scalable production line, Sky News understands
A manufacturer of sustainable packaging backed by Diageo, the global spirits giant, will this week unveil a new round of funding to enable the delivery of a commercially scalable production line.
Sky News has learnt that Pulpex, which produced the first Johnnie Walker whisky bottle made entirely from paper-based products in 2021, will announce on Monday that it has secured financing from investors including CMPC, one of the world's biggest pulp and paper companies.Pulpex, which utilises sustainably sourced wood pulp, was formed in 2020 from a collaboration between Diageo and Pilot Lite, a venture management company.
Pulpex also has plans to establish additional capacity in unspecified locations globally through deals with licensed manufacturing partners from the middle of next year.
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