Pulpex develops paper-based bottles and sustainable fibre packaging for consumer brands. The company has delivered a Johnnie Walker whisky bottle made entirely from paper products and operates from a facility in Cambridgeshire. Founded in 2020 as a joint venture between Diageo and Pilot Line, Pulpex aims to scale production to supply over 2bn paper bottles to consumer brands worldwide by 2028. Management says the technology will accelerate availability of sustainable fibre packaging and help customers meet carbon-reduction goals for 2030. The business secured new financing intended to enable that scale-up and commercial product lines. CMPC, a Chilean pulp and paper company, is partnering to support growth to industrial scale and explore synergies in sustainable pulp-based products.

Total raised

$25M

Funding rounds

1

Latest round

Series C

Latest activity

Jul 2023