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“Advanced” recycled material will be incorporated by Mars to pack KIND bars in

Mars Incorporated announced it is packing its KIND snack bar utilising materials sourced from advanced recycling in order to reduce the amount of virgin plastics in its packaging portfolio.

Thanks to a ‘closed loop’ collaboration with SABIC, Landbell, Plastic Energy, Taghleef, and SIT, the new wrapper is made from mono-material propylene, which is thought to make it fully recyclable and thus eliminating the need for multi-material layers or laminated plastics. The goal is that the redesign will be a circular solution compatible with drop-off recycling in the UK and curbside recycling in Ireland.

Mars is counting on the new packaging to advance in its goals of reducing its use of virgin plastic by 25%, guarantee that all plastic packaging contains 30% recycled content, and redesigning packaging components across its portfolio to ensure its compatibility with current or future recycling infrastructure.

Ever more large corporates are looking at recycling solutions for their products, Evenpar aims to provide financing solutions for projects in the recycling and circular sector,

Find the full article.

One of Kenya’s oldest bottling companies gets funded for a clean energy upgrade
 

Sustainable energy developer Safi Power has completed a 400kWp rooftop solar PV installation at the Coastal Bottlers plant in Mombasa, helping the soft drinks bottler to transition one of its PET production lines to a cleaner and more affordable source of energy.

The project, funded by Spark Energy Services (Spark), is expected to generate c.600MWh of renewable energy a year, leading to more than 8,000 tonnes of avoided greenhouse gas emissions over the project’s lifetime and a like-for-like reduction in the company’s power costs of over 25%.

Seth Adu-Baah, CEO of Coastal Bottlers, said: “This is a significant milestone for us as Coastal bottlers as we continue to drive and embrace innovation in every part of our business to reduce our carbon footprint.

This case proves the appetite for innovation to reduce companies carbon footprints in Kenya.

Find the full article. 

Sustainable energy developer Safi Power has completed a 400kWp rooftop solar PV installation at the Coastal Bottlers plant in Mombasa, helping the soft drinks bottler to transition one of its PET production lines to a cleaner and more affordable source of energy.

The project, funded by Spark Energy Services (Spark), is expected to generate c.600MWh of renewable energy a year, leading to more than 8,000 tonnes of avoided greenhouse gas emissions over the project’s lifetime and a like-for-like reduction in the company’s power costs of over 25%.

Seth Adu-Baah, CEO of Coastal Bottlers, said: “This is a significant milestone for us as Coastal bottlers as we continue to drive and embrace innovation in every part of our business to reduce our carbon footprint.

This case proves the appetite for innovation to reduce companies carbon footprints in Kenya.

Find the full article. 

Africa’s crucial role in fighting climate change

An article published by the Financial Times noted that Africa is more central to the issues of climate change than almost anyone recognises. Today, with 1.4 billion people, Africa accounts for approximately 6 per cent of global carbon emissions. Going forward, the continent’s carbon emissions will rise dramatically under any business-as-usual scenario. As Africa has the fastest growing and fastest urbanising population in the world. 

It must be acknowledged that African countries have the right to expand, rather than cut their energy consumption. As currently still some 600mil. Africans live without electiricty. 

Investments must be made into renewable energy technologies and innovations and there lies an opportunty for these countries to leapfrog into a new energy age. This is exactly where Evenpar aims to make an impact. 

Find the full article here. 

Global Impact Investor Network

This month Pjotr Schade represented Evenpar at the Global Impact Investor Network. We had the opportunity to connect with like minded impact investors in the sector.

Main take aways: ”Debt is readily available and the equity focus is on deploying funding to reach scale.”