Close×

Amcor has joined the Digital Watermarks Initiative HolyGrail 2.0, which brings together more than 85 companies and organisations across the packaging value chain, including key customers and industry peers.

Other major companies involved in the project include the Coca-Cola Company, Constantia Flexibles, Danone, Dow, General Mills, GS1 in Europe, Johnson & Johnson, Kellogg, Mondelēz, Nestlé, Procter & Gamble, Tetra Pak, and many more.

HolyGrail 2.0 is a pilot project facilitated by AIM, the European Brands Association. It aims to prove the viability of digital watermarking technologies for accurate sorting and, consequently, higher-quality recycling.

The project also aims to demonstrate the business case for digital watermarking at scale. It builds on initial research by Amcor’s partner, the Ellen MacArthur Foundation, into innovations to improve post-consumer recycling.

Amcor CCO Peter Konieczny said collaboration is a vital pathway for finding solutions, which is why Amcor lends its expertise to projects such as HolyGrail 2.0.

“This initiative is a clear example of how innovative technology and participation from stakeholders across the full value chain has the potential to improve recycling globally and protect the environment,” Konieczny said.

HolyGrail 2.0 and other pilot projects are important in ensuring that recyclable packaging developed in the industry is retained in the value chain and can be reused for future products and kept out of the natural environment.

Food & Drink Business

In a FY26 trading update, Bubs Australia forecasts revenue of $105–115 million but warns that reported EBITDA could land anywhere from –$2 million to +$2 million.

International Flavors & Fragrances Inc. (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by global private markets manager, CVC Capital Partners, in a transaction that values the business at approximately $6 billion (US$4.3 billion).

Australian Vintage has secured a $128 million debt refinancing through to March 2028, with an option to extend a further year to 2029, as the McGuigan wines owner reports a significant second-half cash turnaround and upgraded sales momentum heading into FY27.