Pulpex Secures £62m Investment for Sustainable Bottles
Deal News | Feb 19, 2025 | Scottish National Investment Bank Plc
Pulpex Limited, a sustainable packaging technology company, announced a £62 million Series D investment round. Scottish National Investment Bank contributed £10 million, with £43.5 million coming from the National Wealth Fund and the remainder from existing investors. The funds will support the establishment of a commercial-scale manufacturing facility near Glasgow, expected to produce 50 million bottles annually and create 35 new jobs. Pulpex's innovative, fiber-based, recyclable, and biodegradable bottle provides a lower carbon footprint compared to traditional packaging. This advancement complements broader efforts to decarbonize the packaging sector and enhance recycling rates. The investment signals both economic and environmental benefits, further facilitated by Glasgow's burgeoning business ecosystem.
Sectors
- Sustainable Packaging
- Impact Investing
Geography
- Scotland – The investment will finance a new facility near Glasgow, and is supported by the Scottish National Investment Bank.
- United Kingdom – Pulpex is a UK-based company, and the investment is part of broader UK efforts toward sustainable innovations.
Industry
- Sustainable Packaging – The article focuses on Pulpex which specialises in sustainable packaging technology, providing alternatives to traditional packaging options.
- Impact Investing – The Scottish National Investment Bank is involved in impact investing, targeting projects that generate positive, social, and environmental outcomes.
Financials
- £62 million – Total amount raised in the Series D investment round.
- £10 million – The investment amount contributed by the Scottish National Investment Bank.
- £43.5 million – The investment amount contributed by the National Wealth Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pulpex Limited | Target Company | Company | A sustainable packaging technology company developing recyclable and biodegradable fiber-based bottles. |
| Scottish National Investment Bank Plc | Investor | Company | A publicly-backed investment bank focused on sustainability and economic development in Scotland. |
| National Wealth Fund | Investor | Government | Government-backed fund providing £43.5 million in the investment round to support Pulpex. |
| Scott Winston | Spokesperson for Pulpex | Person | Represents Pulpex in announcing the investment's benefits for decarbonising packaging. |
| Anthony Kelly | Associate Director, Scottish National Investment Bank | Person | Articulates the Bank's impact investing strategy and its alignment with Pulpex's goals. |
| John Flint | CEO, National Wealth Fund | Person | Emphasizes the investment's significance for promoting recycling and circular economy growth. |