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Sustainability

Compostable packaging firm TIPA raises $25 million

by Michael McCoy
September 21, 2019 | APPEARED IN VOLUME 97, ISSUE 37

 

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Credit: TIPA
TIPA says its packaging is fully compostable within 180 days.

TIPA, an Israeli developer of compostable flexible packaging, has raised $25 million in a venture capital funding round. The company says its multilayer packaging is made from a blend of polymers that are fully compostable in 180 days. Given that only about 5% of flexible packaging is recycled, compostable versions are environmentally preferable, TIPA says.

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