Sign in Subscribe
European Union

European Investment Bank Lends €20 Million to PulPac for Sustainable Packaging

Strategic Insights

— 1 min read

The European Investment Bank has lent €20 million to PulPac, a Swedish sustainable-packaging company, to support the development and commercialisation of a fibre-based technology that produces rigid packaging from renewable cellulose fibres. This technology represents a disruptive improvement over traditional wet molding and will help reduce plastic waste and accelerate the green transition. PulPac's patented Dry Molded Fiber technology is being scaled up with the support of the EIB loan, which will also enable the company to focus on food and retail applications.

Key Takeaways:

  • The EIB has lent €20 million to PulPac to support the development and commercialisation of its fibre-based technology, Dry Molded Fiber.
  • The technology has the potential to significantly reduce plastic waste and accelerate the green transition.
  • PulPac's Dry Molded Fiber technology produces rigid packaging from renewable cellulose fibres, representing a disruptive improvement over traditional wet molding.
  • The company will focus on food and retail applications, including coffee cup lids, plates, cutlery, bottles, fashion hangers, and pharmaceutical packaging.
  • The EIB financing is structured as a venture debt loan, tailored to innovative companies, and is provided under the InvestEU programme.
  • The investment will accelerate PulPac's research and development over a five-year period (2025-2029), with a focus on next-generation food service and retail packaging.

Statistics:

  • The EIB has signed nearly €89 billion in new financing for over 900 high-impact projects in 2024.
  • Almost 60% of the EIB Group's annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.
  • The EIB Group supported a record of over €100 billion in new investment for Europe's energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups, and European pioneers.

Sources:

  • European Investment Bank (2025). EIB lends €20 million to Swedish sustainable-packaging company PulPac.
  • PulPac (2025). About PulPac. Retrieved from http://www.pulpac.com/
  • European Commission (2025). InvestEU programme. Retrieved from https://ec.europa.eu/commission/index_en.htm

Read more