Klabin acquires 12.5% interest in the Israeli startup Melodea Bio Based Solutions, a pioneer in the technology for extracting cellulose nanocrystalline (CNC), a 100% biobased and renewable product.
The investment of $2.5 million will strengthen Klabins efforts in the areas of Research, Development & Innovation, which is focused on developing bioeconomical solutions for the responsible, efficient and sustainable use of natural resources.
Klabins goal is to use cellulose nanocrystalline applications to make stronger paper and packaging, 100% recyclable and that can leverage new business opportunities for forestry products.
The project will enable Klabin to further enhance its research, support the performance of its business lines and drive innovation in its forestry base, in ways that are economically viable and environmentally responsible.
The deal represents yet another investment by Klabin in its Research Development & Innovation. In the past three years, the company has invested R$70 million in completing and integrating its research and development in the areas of forestry and industry, providing a broad and unified view of the topic.
Klabin is the largest producer and exporter of paper for packaging in Brazil, its only company offering one-stop solutions in hardwood, softwood and fluff pulp, and the leader in corrugated board packaging and industrial bags.