Am cor, a global packaging solutions provider, recently entered into a strategic partnership agreement with Colon Industries of Korea to develop and commercialize more sustainable polyester materials for use in Aramco's flexible packaging business. The collaboration will focus on research and development of new technologies related to chemically recycled PET (carpet) and polyethylene glycol furandicarboxylate (PEF) materials.
Colon is developing an advanced recycling process to convert post-consumer bottles, fibers and flexible packaging into new PET.
The PEF material, on the other hand, is a PET-like polyester structure derived from 100% sustainable biomass, which not only provides better product protection, but also reduces the carbon footprint. This supports Aramco's commitment to integrate 30% post-consumer recycled materials into its product portfolio by 2030 and to achieve net-zero carbon emissions by 2050.
About Am cor
Am cor is a global leader in the development and production of responsible packaging solutions for a wide range of materials for food, beverage, pharmaceutical, medical, home and personal care, and other products.Am cor works with leading companies around the world to protect products, differentiate brands and improve supply chains. The company offers a range of innovative, differentiated flexible and rigid packaging, specialty cartons, closures and services. The company is focused on manufacturing packaging that is increasingly recyclable, reusable, lighter in weight and made with an increasing number of recycled content. In fiscal 2024, 41,000 Am cor employees operated in 212 locations in 40 countries, generating annual sales of $13.6 billion.
About Colon Industries
Founded in 1957, Colon Industrial Co., Ltd. is a Korean chemical company with a strong presence in the global marketplace. In addition to petrochemical resins, the company offers a range of market-leading products, including industrial specialty materials such as tire cord and amid fibers, generating more than $3.5 billion in revenue annually. Committed to meeting the needs of its global customers with more sustainable business solutions, Colon Industries continues to accelerate the development of breakthrough technologies
