Largest Industrial Hemp Business in U.S. History Marks Milestone for Decarbonization Efforts (PHOTO)
BOULDER, COLORADO, USA (ots) – element6 Dynamics and the German company PAPACKS® are pleased to announce the signing of a letter of intent to jointly expand PAPACKS® packaging solutions in the USA. This partnership is in collaboration with element6 Dynamics, a US pioneer in industrial hemp. Although the details of the MOU are confidential, this collaboration will provide regenerative alternative fiber packaging solutions (industrial hemp) to consumer goods, pharmaceutical products, technology companies and other industries seeking to decarbonize, eliminate plastic and reduce deforestation in their supply chain.
“Our goal is to deliver new materials that are regenerative and non-extractive and to introduce processes that decarbonize and are virtually waste-free – all at competitive prices,” said Kimberly Kovacs, CEO of element6 Dynamics and former Forbes 50 over-50 finance woman. “PAPACKS® is an innovative leader in fiber-based materials and sustainable solutions. We are thrilled to work with them and establish this partnership in the United States.”
element6 Dynamics is a leading US industrial hemp company specializing in the genetic breeding, cultivation and conversion of hemp biomass to mimic the properties of traditional softwood kraft pulp. element6 Dynamics pulp (e6 Pulp) has proven to be a marketable solution that can be used in new or existing paper mills and packaging infrastructure.
PAPACKS® has set the standard for sustainable fiber-based packaging in Europe, serving both barrier-specific food and non-food, pharmaceutical and cosmetic packaging needs. The company relies on renewable raw materials in research and production, including new fibers and industrial hemp. Their commitment to innovation is recognized worldwide through over 75 patent families, 30 awards and more than a decade of pioneering work.
The parties plan to establish 10 fully integrated molded and thermoformed packaging manufacturing facilities in the United States. These will be located close to their cultivation areas and academic partnerships to ensure a cost-effective and environmentally friendly solution to reshoring business activities in a sustainable and responsible manner.
“We believe element6 Dynamics will be a strong financial and strategic partner for us in the U.S.,” said PAPACKS® CEO Tahsin Dag, who was named “CEO of the Year 2024 in the Packaging Industry” by the European CEO Awards. “The element6 Dynamics team has successfully achieved the scale we need to serve our international customers. The combination of our respective skills, knowledge, technologies and shared vision positions our partnership for success.”
About element6 Dynamics
element6 Dynamics (www.element6dynamics.com) is an agtech company at the forefront of transforming and decarbonizing the paper and packaging industry through industrial hemp. At e6D, collaborations are at the heart of our business model. We enrich the soil, create income opportunities for farmers, promote research through partnerships with academic institutions and provide tailored solutions for our business partners. Through fair pricing and the development of proprietary biorefineries, we stimulate economic growth and support industries by introducing climate-smart technologies to regions in need.
Our commitment to protecting the environment and building sustainable, future-focused companies is embedded in our operations because we believe a company can work well and do good at the same time. By focusing on circularity in our processes, we contribute to a zero-waste future and enable the widespread adoption of regenerative practices.
About PAPACKS®
PAPACKS® (www.papacks.com) is at the forefront of environmental change and is a pioneering company dedicated to the development and production of sustainable, plastic-free packaging solutions. With a deep understanding of the need to protect and preserve nature, PAPACKS® aims to eliminate the need for single-use plastic through innovative solutions made from renewable raw materials, including industrial hemp cellulose. The company’s philosophy reflects a combination of technology, art and science to create packaging that is environmentally friendly, aesthetically pleasing and functional.
By using fiber materials and other sustainable materials, PAPACKS® is driving the shift towards a circular economy and making a crucial contribution to reducing global plastic pollution. As a visionary in its field, PAPACKS® understands how essential sustainable action is for the future of our planet and invites companies worldwide to become part of this revolutionary movement.
Questions & Contact:
Manuel Leibrock, CMO / PAPACKS®, presse@papacks.com