• COtooCLEAN was picked from a wide range of excellent innovations recognised as transformational.
    COtooCLEAN was picked from a wide range of excellent innovations recognised as transformational.
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Nextek has won the IOM3’s Circular Economy Award with COtooCLEAN, a unique supercritical carbon dioxide (ScCO2) cleaning process, which effectively and efficiently cleans and decontaminates post-consumer polyolefin films to a food-grade status.

COtooCLEAN was picked from a wide range of excellent innovations recognised as transformational in the sectors of the Circular Economy and Enabling Net Zero Sustainable Materials Technology. 

The cutting-edge solution to boost the circularity of food-grade films uses ScCO2, a non-toxic, non-flammable and non-corrosive solvent that can selectively remove contaminants through use of co-solvents. 

In a single step, the process targets the simultaneous removal of oils, inks, adhesives, labels and chemical contamination from post-consumer polyolefin films, while recycling the non-toxic solvent and separating the residues.

COtooCLEAN aims to address the current roadblocks to recycling plastic films, which so far has been held back by the absence of a technology to decontaminate post-consumer polyolefin films (LDPE, LLDPE, HDPE and PP) back into food-grade material.

Food & Drink Business

The Top 10 remained a stable list this year, with five companies holding their position – Fonterra (#1), JBS (#2), Coca-Cola Eurpacific Partners (#3), Asahi  (#4), and Thomas Foods International (#7). The biggest change was Treasury Wine Estates dropping out of the list, from #10 to #13.

Welcome to this year’s Top 100 edition. Each year, when we sit-down with IBISWorld to review the list, there is a sense of anticipation about what it will reveal. New entrants, big jumps and the inevitable tumbles, the list has it all.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.