Sustainable Retail Packaging Solution
Replaces EPS On Processor Production Lines
CHARLOTTE, N.C., Jan. 29,
2024 /PRNewswire/ -- In its continuing pursuit to
develop packaging materials that meet the sustainability goals of
its customers, global packaging solutions provider SEE (NYSE:
SEE) has developed the first biobased, industrial compostable tray
for protein packaging that has been successfully tested to meet the
demands of existing food processing equipment.
SEE's new CRYOVAC® brand compostable overwrap
tray is made from biobased, food-contact grade resin, which is
USDA-certified as having 54% biobased content chemically derived
from renewable wood cellulose. The tray, which will break down into
organic material without leaving toxic residue, was created as an
alternative to those made from expanded polystyrene (EPS), which
are traditionally used to package fresh poultry and red meat for
consumer purchase but are not biodegradable or recyclable.
Setting a new sustainability standard, SEE will introduce
the CRYOVAC® brand compostable overwrap tray at the
International Product & Processing Expo (IPPE) January 30 – February
1 at booth C31141. IPPE, the world's largest poultry
and egg, meat, and animal food industry event, is held each year in
Atlanta.
Proven Strength and Certified Compostable
Developed to offer the same performance and stability as EPS
foam trays, SEE's lightweight tray underwent extensive trials
across the food value chain where it survived rigorous
manufacturing systems, extreme temperatures, and demanding shipping
and distribution environments without breaking, cracking, or
leaking.
The tray has been tested (without added components such as the
overwrap film, pad, label, or sticker) and certified by BPI
to be industrial compostable, meaning it can be broken down by
biological treatment at a large-scale industrial composting
facility where available. The resin used to make the tray has been
certified by TÜV Austria as soil and marine biodegradable,
which means it is degraded by microorganisms existing naturally in
the environment.
"SEE is proud to bring to market the first compostable packaging
tray designed to run on existing processor production lines," said
Tobias Grasso, SEE's President of
the Americas Region. "The CRYOVAC® brand compostable
overwrap tray is a breakthrough innovation that is better for the
environment than traditional trays and helps our customers meet
their sustainability goals."
Commitment to Sustainability
The CRYOVAC® brand compostable overwrap tray is
part of SEE's broader commitment to sustainability. The company has
pledged to design and advance all its packaging solutions to be
recyclable or reusable, to eliminate waste by incorporating an
average of 50% recycled or renewable content into packaging
solutions, and to collaborate on recycling technology and
infrastructure.
SEE's Impact Report for FY22 details the company's
sustainability commitments, industry leadership, innovative
solutions, and global strategic partnerships. The report highlights
SEE's progress toward its sustainability goals including diverting
waste from landfills and operational reductions in greenhouse gas
emissions, energy, water intensity.
About SEE
SEE (NYSE: SEE) is in business to protect,
to solve critical packaging challenges, and to make our world
better than we find it. Our automated packaging solutions promote a
safer, more resilient, and less wasteful global food, fluids and
liquids supply chain, enable e-commerce, and protect goods in
transit from damage.
The company, under its former trade name, Sealed Air, announced
its new SEE corporate brand and logo in May
2023.
Our globally recognized solution brands
include CRYOVAC® food packaging,
LIQUIBOX® fluids and liquids systems, SEALED
AIR® protective packaging,
AUTOBAG® automated packaging systems,
BUBBLE WRAP® packaging,
SEE Automation™ and
prismiq™ digital packaging and printing.
Our partnership with customers creates value through
sustainable, automated, and digital packaging solutions, leveraging
our industry-leading expertise in materials, automation systems,
engineering, and technology.
Our SEE Net Positive Circular Ecosystem is leading the packaging
industry in creating a more environmentally, socially, and
economically sustainable future. We have pledged to design or
advance 100% of our packaging materials to be recyclable or
reusable by 2025, with a bolder goal to reach net-zero carbon
emissions in our global operations by 2040.
Our SEE Impact Report highlights how we are shaping the
future of the packaging industry. We are committed to a diverse
workforce and a caring, inclusive culture through our 2025
Diversity, Equity and Inclusion pledge.
SEE generated $5.6 billion in
sales in 2022 and has approximately 17,300 employees who serve
customers in 120 countries/territories. To learn more,
visit sealedair.com.
Forward-Looking Statements
This press release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
concerning our business, consolidated financial condition, results
of operations and cash flows. Forward-looking statements are
subject to risks and uncertainties, many of which are outside our
control, which could cause actual results to differ materially from
these statements. Therefore, you should not rely on any of these
forward-looking statements. Forward-looking statements can be
identified by such words as "anticipate," "believe," "plan,"
"assume," "could," "should," "estimate," "expect," "intend,"
"potential," "seek," "predict," "may," "will" and similar
references to future periods. All statements other than statements
of historical facts included in this press release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements.
Examples of forward-looking statements include, among others,
statements we make regarding expected future operating results,
expectations regarding the results of restructuring and other
programs, expectations regarding future impacts resulting from
the Liquibox acquisition, anticipated levels of capital
expenditures and expectations of the effect on our financial
condition of claims, litigation, environmental costs, contingent
liabilities and governmental and regulatory investigations and
proceedings.
The following are important factors that we believe could cause
actual results to differ materially from those in our
forward-looking statements: global economic and political
conditions, including recessionary and inflationary pressures,
currency translation and devaluation effects, changes in raw
material pricing and availability, competitive conditions, the
success of new product offerings, failure to realize synergies and
other financial benefits from the acquisition of Liquibox
within the expected time frames, greater than expected costs or
difficulties related to the integration of Liquibox, consumer
preferences, the effects of animal and food-related health issues,
the effects of epidemics or pandemics, including the Coronavirus
Disease 2019, negative impacts related to the ongoing conflicts
between Russia and Ukraine and related sanctions, export
restrictions and other counteractions thereto, changes in energy
costs, environmental matters, the success of our restructuring
activities, the success of our merger, acquisition and equity
investment strategies, the success of our financial growth,
profitability, cash generation and manufacturing strategies and our
cost reduction and productivity efforts, changes in our credit
ratings, the tax benefit associated with the Settlement agreement
(as defined in our 2022 Annual Report on Form 10-K), regulatory
actions and legal matters and the other information referenced in
the "Risk Factors" section appearing in our most recent Annual
Report on Form 10-K, as filed with the Securities and Exchange
Commission, and as revised and updated by our Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. Any forward-looking
statement made by us is based only on information currently
available to us and speaks only as of the date on which it is made.
We undertake no obligation to publicly update any forward-looking
statements, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Contacts
Media
Pam Davis
pam.davis@sealedair.com
980.833.4084
Investors
Brian
Sullivan
brian.c.sullivan@sealedair.com
704.503.8841
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