Pactiv Evergreen And ExxonMobil Collaborate To Leverage Advanced Recycling For Foodservice Industry Packaging
Portfolio Pulse from Benzinga Newsdesk
Pactiv Evergreen Inc. (PTVE) and ExxonMobil (XOM) are collaborating to provide certified-circular packaging solutions to major food brands and foodservice providers. Pactiv Evergreen will use ExxonMobil's Exxtend technology for advanced recycling to offer its customers certified-circular polypropylene (PP) packaging products. The products will meet all regulatory requirements and specifications for food contact applications.
September 27, 2023 | 8:13 pm
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POSITIVE IMPACT
Pactiv Evergreen's collaboration with ExxonMobil to offer certified-circular packaging solutions could enhance its product portfolio and attract more customers.
The collaboration with ExxonMobil allows Pactiv Evergreen to offer innovative packaging solutions, which could enhance its market position and attract more customers, potentially leading to increased revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ExxonMobil's collaboration with Pactiv Evergreen to provide advanced recycling technology for packaging solutions could enhance its reputation in the recycling industry.
The collaboration with Pactiv Evergreen allows ExxonMobil to showcase its advanced recycling technology, which could enhance its reputation in the recycling industry and attract more partnerships, potentially leading to increased revenues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70