
Ecoxpac
Developing a fully biobased and recyclable paper bottle.
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
investor | €0.0 | round | |
N/A | Early VC | ||
Total Funding | 000k |
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
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Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Ecoxpac is a Danish company that originated from nearly two decades of experience in developing mould tools for the moulded pulp industry. The company was founded in 2010 to develop a paper bottle. A key milestone was the partnership with Carlsberg Group in 2015 to create the "Green Fiber Bottle," a project aimed at developing a beer bottle from sustainably sourced wood fibers. This collaboration led to the first prototype being unveiled in late 2016.
The company specializes in designing, developing, and implementing process solutions for moulded fibre bottles. Its core product is a 100% biodegradable and recyclable paper bottle, designed to replace traditional plastic and glass bottles. This product is manufactured from renewable resources like recycled paper or other natural fibres, making it CO2-neutral. A key feature is an energy-saving drying technique that aims to reduce production costs and cycle times. The business model initially focused on producing small product series and collaborating with clients to create custom designs. For larger production needs, Ecoxpac would develop modular production units that could be installed directly at the client's facility, enabling on-demand manufacturing and reducing transportation costs.
Ecoxpac's journey involved significant strategic partnerships and funding. The company received financial support from various schemes, including Horizon 2020 and the Danish Innovation Fund. In 2015, Swedish paper packaging provider BillerudKorsnäs became a shareholder, eventually acquiring a majority stake. A significant structural change occurred in 2019 when BillerudKorsnäs and plastic packaging specialist ALPLA formed a joint venture, acquiring equal parts of Ecoxpac, with the founding family retaining a minority stake. This joint venture was established to combine resources and expertise to commercialize and scale the production of the fully bio-based paper bottle. Following this, Ecoxpac was integrated into a new entity called Paboco, an acronym for the Paper Bottle Company, which continues the mission with partners like Carlsberg, L'Oréal, and Coca-Cola.
Keywords: moulded fibre bottles, sustainable packaging, biodegradable packaging, paper bottle technology, green fiber bottle, Carlsberg partnership, BillerudKorsnäs, ALPLA, Paboco, packaging innovation, pulp moulding, renewable resources, eco-friendly packaging, plastic bottle alternative, bio-based materials, packaging process solutions, CO2-neutral production, on-demand manufacturing, recyclable bottles, circular economy