RENW Launches in U.S. Offering Plastic-Free Packaging from Industrial Hemp. Innovative Soil-to-Shelf Solution Presents a Sustainable Alternative for Brands. NEW YORK, NEW YORK (September 24, 2024) – Packaging accounts for nearly 40% of global plastic production, making it a prime target for environmentally conscious consumers, companies and regulators focused on reducing pollution.
Today, RENW launches with a fully integrated, industrial hemp-based solution for brands seeking to minimize the use of fossil fuels, reduce deforestation with regenerative materials without compromising cost and performance.
By leveraging a combination of groundbreaking technologies inclusive of 75+ patents and 20 years of collective material science advancements, RENW aims to enable companies across diverse industries to achieve regulatory compliance, minimize their environmental impact and meet shifting consumer demands.
The cornerstone of RENW’s innovation is utilizing a whole plant solution made from industrial hemp with a proprietary sulfur free technology which results in minimizing waste, and lowering co2e emissions. RENW’s products are biodegradable, compostable and recyclable, offering brands an economically viable, environmentally friendly way to eliminate plastic and reduce dependency on tree-based materials from their supply chains.
RENW is committed to revitalizing and investing in rural communities by partnering with U.S. farmers to adopt industrial hemp as a rotational crop, and building out 10 fully integrated bioregional manufacturing facilities with approximately 50 direct jobs created for each location.
“Our mission is to revolutionize the packaging industry by providing solutions that don’t force brands to choose between environmental responsibility and cost-effectiveness,” said Kimberly Kovacs, CEO of RENW. “We have seen a growing number of leading brands like Patagonia, Veuve Clicquot and Volkswagen embrace industrial hemp and RENW will help other companies follow that lead.”
Kovacs also serves as the CEO of element6 Dynamics, a leader in hemp cultivation and the production of industrial hemp pulp that is proven to replace tree-based material at scale and price parity. The company joined forces with European packaging powerhouse PAPACKS to form RENW to eliminate the use of plastic and reduce deforestation in products and packaging while developing the domestic market for industrial hemp. The parties intend to construct 10 fully integrated molded and thermal-formed manufacturing facilities in rural communities throughout the US, each within proximity to cultivators, and academic research partners to further reduce emissions.
“At PAPACKS®, we are committed to pushing the boundaries of sustainable packaging to help end humanity’s reliance on plastic and mitigate its harmful consequences,” said Tahsin Dag, CEO of PAPACKS®. “This partnership enables us to bring cutting-edge, hemp-based solutions to a variety of industries including food, cosmetics and other retail sectors.”
