America’s Roundup: Dollar edges higher as traders await U.S. inflation report, Wall ends lower, Gold ticks up, Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise-August 10th,2022
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Absolut enlists startup's help in developing fiber-based bottle cap
The Absolut Company is enlisting the help of Swedish start-up Blue Ocean Closures in developing a fiber-based closure cap for its Absolut Vodka bottle.
The cap's design uses a combination of sustainably sourced FSC fiber material and a thin top-seal barrier layer to reduce the amount of plastic used in packaging.
The cap, which will be biodegradable in the ocean and recyclable like paper, will be developed by the partnering companies for use on current glass bottles. Iyt will also serve as an addition to existing cap solutions and as a potential for future packaging developments.
Several prototypes and testing stages will be completed by the partnership in 2022, with plans to commercialize it in 2023.