The European Investment Bank (EIB) is lending Euro 20 million (around SEK 220 million) to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialization of a fiber-based technology developed by PulPac as an alternative to single-use plastics.
Gothenburg-based PulPac is scaling up its patented Dry Molded Fiber technology, which produces rigid packaging from renewable cellulose fibre. The technology represents a disruptive improvement over traditional wet molding — currently the dominant method for fiber-based packaging — by enabling faster production with significantly lower environmental impact.
The company will focus on food and retail applications, including coffee cup lids, plates, cutlery, bottles, fashion hangers, and pharmaceutical packaging.
The EIB financing for PulPac is structured as a venture debt loan – a form of growth financing tailored to innovative companies. It is provided under the InvestEU programme, which supports the EU’s green transition and efforts to spur innovation, industrial resilience and sustainable economic growth.
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. The project aims to enhance material efficiency, improve product performance, and increase cost competitiveness, while supporting the global scale-up of Dry Molded Fiber through PulPac’s licensing-based business model.
PulPac is the home of Dry Molded Fiber – a pioneer in packaging solutions, pushing the boundaries of what’s possible to do with cellulosic fibers.
