US-based chemical company Dow has signed a memorandum of understanding (MoU) with Chinese food and beverage group Want-Want to improve the sustainability of flexible packaging.
As part of their collaboration, the partners will aim to drive zero-solvent emissions and develop a circular economy for flexible packaging.
They will focus on using customised adhesive solutions to address the needs for sustainable packaging options in the industry.
Leveraging Dow’s water-based and solventless adhesive technologies, Want-Want intends to use environmentally friendly laminating adhesives for its flexible packaging.
The company will also explore opportunities to adopt recyclable packaging across more products under its portfolio.
Want-Want Group operations general manager Yongmei Cao said: “Solving sustainability challenges is not a one-man nor a one-organisation job, but also falls on the shoulders of all stakeholders.
“Not only are we thrilled to advance further in this journey with Dow, but we are also encouraged by the reality that we can offer our customers’ favourite products that are enveloped by Dow’s sustainable packaging innovation.”
The MoU agreement is in line with Dow’s goal to achieve carbon neutrality by 2050.
The company aims to reduce its net annual carbon emissions by 15% by 2030 compared with its 2020 baseline, as well as become carbon-neutral by 2050.
In addition, the partnership supports Want-Want’s commitment to become carbon-neutral and adopt recyclable packaging for all its products.
Dow Packaging & Specialty Plastics Asia-Pacific commercial vice president Bambang Candra said: “Investing in sustainability is an ongoing process; this significant step with Want-Want can help both parties optimise our sustainability roadmaps in the long run.
“We will continue to drive innovative solutions and support more partners in achieving their sustainability goals.”
Last month, Dow announced that its Packaging and Specialty Plastics (P&SP) business unit had had one of its recyclable packaging solutions certified in China as reducing carbon emissions by 35%.