The LOOP factory RECEIVES EU FUNDING
The Loop Factory receives funding from the EU to speed up commercialisation of Yangi® sustainable packaging technology.
The Loop Factory speeds up commercialisation of Yangi® sustainable packaging technology to replace single-use plastics.
The Loop Factory has been granted an exclusive funding from the Horizon 2020 EIC Accelerator to maximize the capability of the Yangi® Dry Forming Technology.
The technology offers a new sustainable and cost-efficient solution to replace single-use plastics and is now ready for scaling with global industrial partners in the packaging value chain.
The Loop Factory has a long experience from working with fibre-based solutions in packaging and has developed Yangi® – a ground-breaking technology for resource efficient production of 3D moulded renewable packaging. The patent-pending technology is a result from more than 10 years of R&D work.
The EIC Accelerator gave their support with the motivation "The innovation has the potential to disrupt the existing market because of the sustainability of the manufacturing process and resources used." The funding of almost 2 M Euro will help the company to commercialise the technology, starting with implementing the results into a full-scale demo plant and joint pilot projects with partners.
The Yangi® technology is a Dry Fibre Technology, where no water is used in the process and enables high speed production. It has significantly improved environmental impact, where the carbon footprint can be reduced with up to 90 % compared to plastics and energy consumption with up to 75 % compared to state-of-the art fibre moulding technologies. The technology can be used for production of various single-use products, such as food-trays, cups, and refill packaging. Yangi® has been recognised by Ellen MacArthur foundation as a key enabling technology for circular economy, with the potential for building new material and product platforms to support long term sustainability agendas.
“We have worked with this technology for many years and our extensive experience from fibre-based processes and materials has resulted in a new and disruptive innovation. Our aim is to scale the innovation in collaboration with brands and industrial stakeholders, where we now are running several projects with global partners. The funding from the EIC Accelerator will be one important success factor in building a community and infrastructure for scaling. Within this project we will expand our demo and pilot possibilities and prepare and help customers to accelerate their development and investment in new technology” says Anna Altner, CEO and founder of The Loop Factory.
Notes to the editor.
About The Loop Factory
The Loop Factory is a purpose driven company, with the mission to create system change and speeding up innovations within circular economy. The Loop Factory is a key partner for developing and realizing sustainable solutions within packaging innovation and circular economy.
Yangi® Dry Forming Technology is one of the first concepts to be branched from The Loop Factory and is a disruptive packaging technology for fibre-based packaging. For more information: www.loopfactory.se
About EIC Accelerator
The EIC Accelerator (SME Instrument) is a public funding programme that funds market-creating innovation in disruptive small businesses that have significant growth potential and global ambitions. Only the most innovative companies get selected. In this latest call over 4200 start-ups and SMEs applied for funding and The Loop Factory was one of 38 companies to be granted funding. Read more about the EIC Accelarator.
