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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Sweden : € 20,000,000
Industry : € 20,000,000
Signature date(s)
13/06/2025 : € 20,000,000

Summary sheet

Release date
14 November 2024
Status
Reference
Signed | 13/06/2025
20240423
Project name
Promoter - financial intermediary
PULPAC DRY MOLDED FIBER PACKAGING (IEU GT2)
PULPAC AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 61 million
Location
Sector(s)
Description
Objectives

The project will finance the promoter's research, development and innovation (RDI) programme in dry moulded fibre (DMF) technology over a 5-year period (2025-2029).

The aim is to support the promoter's research, development and innovation (RDI) activities in developing its next generation of food service and retail products based on dry molded fibre (DMF) technology. PulPac seeks to improve efficiencies and support the market shift from plastics to fibre. The RDI activities will include, among others, development of expanded and enhanced standardised product portfolios, barrier and material development, blow and compression moulding, blister pack platform acceleration, as well as an innovation centre.

Additionality and Impact

The project is in line with the InvestEU objective of research, development and innovation through corporate projects. It supports an innovative start-up that has developed a dry molded fibre technology by reducing financial constraints e.g.: information asymmetries related to the company's limited track record and high screening costs for small investments. EIB support sends a positive signal to private investors, thereby incentivizing further investments in the renewable packaging sector.

The project generates positive externalities in the form of environmental and public health benefits through reduction of the negative externalities of using fossil fuel based raw materials (i.e. plastics), replaced by the new enhanced renewable and biodegradable materials (i.e. cellulose fibres). 

EIB is providing a substantial amount of the financing to the project, which is expected to crowd in other financiers and thus help the Promoter to diversify its funding sources. The project would not have been carried out by the EIB without the InvestEU support.


Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
Signed
23 May 2025
13 June 2025
Related projects
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - PULPAC DRY MOLDED FIBER PACKAGING (IEU GT2)
Publication Date
3 Jun 2025
Document language
Main Topic
Lending
Document Number
234268012
Document Focus
Environmental Information
Project Number
20240423
Sector(s)
Regions
Countries
Publicly available
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