Pulpex

Mission Impacts

The investment in Pulpex aligns with our net zero mission to address the climate crisis through a fair and sustainable economy while also supporting our innovation mission to scale up technology for a more competitive and productive future.

About Pulpex

Pulpex has developed a unique, fibre-based bottle solution free from hidden plastic, manufactured from sustainably sourced wood pulp designed to be recycled in the same way as paper or card in normal household recycling streams. Its patented and scalable technology results in a recyclable and biodegradable end-product with a lower carbon impact versus current glass or plastic packaging formats.

“As an impact investor, focused on supporting projects that will deliver long-term economic and societal returns for Scotland, we are pleased to invest in Pulpex. We are excited to help scale its innovative, IP-protected, and more sustainable alternative to plastic and glass packaging. Basing its new facility in Glasgow will be an economic boost for the region.”

Anthony Kelly

Associate Director, Scottish National Investment Bank

Key Information

Key Mission

Net Zero

Amount Invested

£10m

Location

Glasgow

Co-investors

NWF £43.5m

Key Quote

Scott Winston, Pulpex, said: “Thanks to the National Wealth Fund, the Scottish National Investment Bank, our Pulpex team and to our stakeholders for their continued support. This investment will drive the decarbonisation of the packaging sector using leading edge Material Bioscience to ensure this much-needed alternative to glass and plastic will deliver its ambition. Accelerated by the incredible business ecosystem that flourishes within Glasgow, this will be a visible shining star demonstrating the scalability of Pulpex technology for partners to adopt globally.”

Pulpex