National Wealth Fund invests in sustainable packaging company Pulpex

The UK-based National Wealth Fund has committed £43.5m in direct equity to the sustainable packaging company Pulpex, which is set to build its first commercial-scale manufacturing facility near Glasgow. An additional £10m co-investment is provided by the Scottish National Investment Bank, bringing the total investment to £62m. This facility will produce 50 million fibre-based bottles annually, creating 35 new jobs and contributing to the decarbonisation of the packaging industry in alignment with the UK’s environmental goals.