Amcor announced a collaboration with U.K.-based startup Kelpi to test seaweed-based, bio-derived coatings aimed at improving barrier performance and recyclability in its AmFiber fiber-based packaging range. The partnership pairs Kelpi's seaweed coating platform with Amcor's global R&D and manufacturing scale, supporting the company's push into renewable, recyclable packaging. The move aligns with Amcor's broader portfolio reshaping, including the completed sale of ESE World to Pacific Avenue Capital Partners, as management prunes lower-growth assets while testing new technologies. Amcor's narrative projects $23.9 billion revenue and $1.6 billion earnings by 2029, with some analysts forecasting up to $25.8 billion revenue and $2.3 billion earnings by 2028. The Kelpi collaboration could influence the investment case around sustainability, though near-term focus remains on stabilizing volumes, lifting margins, and managing leverage.
Amcor PLCAmcor partners with Kelpi to test seaweed-based coatings, advancing its sustainable packaging technology.
Kelpi's seaweed coating platform gains validation and access to Amcor's global scale.