Ahlstrom launches new glass fiber tissue line for high-performance building materials in Madisonville, U.S.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050. “By setting science-based targets, we are committing to taking steps to reduce our greenhouse gas emissions, which is crucial to mitigating the impacts of climate change,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division. “The SBTi goal-setting process helps to strengthen and unify our company’s overall commitment to reduce greenhouse gas (GHG) emissions, while SBTi’s validation of our goals gives our employees, customers, and communities confidence that we are being good stewards of our natural resources.”

Mondi plc confirms that it has advised Augment Investments Limited that it is withdrawing from the agreement to sell Mondi’s most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities, to Augment. This follows recent discussions with Augment on its lack of progress in gaining the necessary approvals to complete this transaction. As per the terms of the Sale and Purchase Agreement, the Disposal to Augment will therefore be terminated and will not complete. The Board remains committed to divest Syktyvkar and will continue to assess all alternative divestment options.

Sonoco Protective Solutions announced the addition of two new paper-based packaging options for heavy and high-value products to its EnviroSense® line of more sustainable packaging: the EnviroSense FiberMax™ Bulk Box and the EnviroSense FiberMax™ Master Roll package. FiberMax Bulk Box packaging is designed to help companies with products weighing thousands of pounds protect their items, maximize transportation efficiency, reduce storage space, increase stacking strength and make it easy for their customers to recycle the packaging at the end of its useful life. Similarly, EnviroSense FiberMax Master Roll packaging helps manufacturers of equally heavy, high-value materials in roll form such as films, foils and laminates avoid damage, reduce costs, improve storage utilization and simplify recycling after use.