Making plastics last
Trioworld is on its way to becoming the most sustainable option in the plastic film industry.
Trioworld produces plastic packaging solutions to make transport and food safer, agriculture smarter, packaging more efficient, and to provide optimal protection in healthcare. For more than 50 years, they have been a leader in plastic packaging solutions. Within the Trioworld group there are 15 companies. Trioworld has production facilities in Sweden, Denmark, the Netherlands, and France, with headquarters in Smålandsstenar, Sweden. At Trioworld, they see great opportunity to support the transition to circular businesses in the many markets they operate in.
What are the environmental challenges facing the industry?
To begin with, plastic packaging is currently the best material to meet the specific needs of many businesses, in particular healthcare and agriculture. However, the industry is facing many challenges. Extracting and producing the fossil raw materials generates significant GHG emissions. At the same time, the traditional “take-make-dispose” linear economic model has conditioned society to largely see plastics as a single- use product, leading to vast amounts of plastic waste. In addition, waste management systems are often inadequate to achieve desired recycling rates for plastics, and instead incineration or landfilling are used. The latter risks leaking plastics into our seas and soils.
What is the potential and impact of Trioworld’s operations?
Trioworld’s ambition is to be the most sustainable option in the plastics film industry. To accomplish this, they are attacking these challenges head-on. Trioworld is working to lower the carbon footprint of their products by using recycled material and to extend the lifecycle of those materials by creating recyclable products. PCR (post-consumer recyclated) content currently makes up more than 13% of the total plastics processed by Trioworld each year. The goal is to increase the use of PCR in Trioworld products to 30% by 2025.
To further drive circularity and to secure access to PCR, Trioworld has developed and implemented a strategy for in-house production of PCR from post-consumer waste, in addition to external sourcing. They are also helping other companies to incorporate circularity into their business models by creating loops in cooperation with selected customers in which Trioworld takes its products back after use. This further contributes to reducing the climate impact of plastic products, both from a raw material and an end-of-life perspective.
In 2022, Altor released its first Sustainability Report based on data and information from 2021. For the report, a selection of portfolio companies were interviewed about their interesting ESG journeys. In the report you will find more on Altor’s work on Environmental, Social and Governance-related topics and other interesting cases from the portfolio.
Published: Aug 12 2022