Brief: Navigator Leads Consortium That Will Invest 103 Mln Euros In Forest-Based Packaging Solutions

Navigator SA

29/11/2022 14:56

Nov 29 (Reuters) - Navigator Company SA  NVGR.LS :
    * SAID ON TUESDAY IT LEADS CONSORTIUM OF 27 NATIONAL
ENTITIES THAT
WILL INVEST 103 MILLION EUROS IN FOREST-BASED SOLUTIONS
    * INVESTMENT IN RESEARCH, DEVELOPMENT AND MARKETING OF
PACKAGING
SOLUTIONS THAT REPLACE CURRENT FOSSIL-BASED PLASTIC PACKAGING,
NAMELY SINGLE-USE PACKAGING, WITH RENEWABLE AND BIODEGRADABLE
MATERIALS FROM EUCALYPTUS FOREST
    * WITH OVERALL INVESTMENT OF 103 MILLION EUROS, 80 MILLION
EUROS
WILL BE USED FOR PRODUCTIVE INVESTMENT AND 23 MILLION EUROS FOR
RESEARCH AND DEVELOPMENT
    * PROJECT WILL RESULTS IN DEVELOPMENT OF 11 SUSTAINABLE
PRODUCTS
AND ANNUAL TURNOVER THAT WILL EXCEED 120 MILLION EUROS
    * CONSORTIUM IS ALSO EXPECTED TO CREATE PAPER SENSORS TO BE
INCORPORATED INTO PACKAGING IN ORDER TO MONITOR CONDITION OF
FOOD AND INTERACT INTELLIGENTLY WITH CONSUMER

        
 Source text: https://bit.ly/3ifPPJn
 Further company coverage:  NVGR.LS  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))