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Wastefront Announces Strategic Investment From IAG

Stuart Mitchell

IAG has invested in Wastefront, a leading tyre-to-fuel company, who plan to turn used tyres into Sustainable Aviation Fuel (SAF). The SAF will be made by converting waste tyres into tyre derived oil, which is then refined into road fuels and SAF. The SAF produced is expected to give life cycle carbon emission savings over 80% versus fossil fuels. This deal is another step forward for IAG in its commitment to SAF and enables Wastefront to begin construction on its fully circular tyre-to-fuel facility in the Port of Sunderland. The…

Economic recovery is losing steam, new ILO report says

Stuart Mitchell

The global economy is slowing down, making it harder for labour markets to recover fully, according to the newly-released, World Employment and Social Outlook: Trends 2025. In 2024 global employment grew in line with the labour force, keeping the unemployment rate steady at 5 per cent, the report says. However, youth unemployment showed little improvement, remaining high at 12.6 per cent. Informal work and working poverty returned to pre-pandemic levels, and low-income countries faced the most difficulties in creating decent jobs. Challenges to recovery The report points to challenges such as geopolitical tensions,…

Berry Boosts PCR PE Plastic Use by 36%, Strengthening its Circularity Commitment

Stuart Mitchell

Berry Global’s European Flexibles division has reported a significant 36% year-on-year increase in the use of post-consumer recycled (PCR) polyethylene (PE) across its industrial, consumer (non-contact sensitive), and agricultural film products. This achievement reflects Berry’s dedication to driving sustainable packaging solutions and helping customers meet their environmental goals. The steady growth in the use of recycled content, a trend that has continued since 2021, demonstrates Berry’s proactive approach and commitment to sustainability. Berry Global has set a goal to use 30% circular plastics across its FMCG packaging products by 2030.…

Ingka Group aims to invest EUR 1 billion to increase recycling infrastructure

Stuart Mitchell

Ingka Investments, the investments arm of Ingka Group, the largest IKEA retailer, aims to invest about EUR 1 billion in companies that are increasing recycling infrastructure. Every year, the global economy consumes 75% more natural resources than the Earth can regenerate. This generates tremendous amounts of waste, yet less than 20% of waste is recycled. To support the transition towards a circular economy, Ingka is aiming to invest about EUR 1 billion in companies that will contribute to recycling infrastructure. In doing so, we invest to recycle more end-of-life products…