Green news: Nova to supply Charter rPE from US facility; Mevaldi secures funding for biobased 3MPD for coatings

Canada’s Nova Chemicals will supply Charter Next Generation (CNG) rPE for flexible packaging applications, with CNG and Nova having entered into a long-term agreement to procure rPE resin under the brand name Syndigo. This post-consumer recycled (PCR) material, sourced from recycled film and plastic packaging, offers a lower-emission alternative to virgin PE.

A key strength in the relationship is the Midwest-based supply chain. CNG’s operational footprint across Wisconsin and Ohio aligns seamlessly with Nova’s new recycling facility in Connersville, Indiana, which began production in early 2025. The facility is expected to produce more than 110 million pounds/year of rPE, making it one of the largest film recycling operations in North America.

This collaboration supports the growth of CNG’s GreenArrow portfolio, which includes recycle-ready, recycled content, compostable, and low-carbon products. With applications in cereal bags, shrink film, and household overwrap for items like napkins and paper towels, these rPE-based films offer both performance and environmental benefits for brands and retailers, the firm says.

This agreement builds on CNG’s long-term strategy to lead the industry in sustainable manufacturing. It has 18 facilities across the US and more than 2,600 employees.

In other news, Dutch biotech company Mevaldi B.V has completed a funding round with High-Tech Gründerfonds (HTGF) and ICIG Ventures, the venture capital arm of International Chemical Investors Group (ICIG). This investment will support Mevaldi’s efforts to scale its innovative technology for producing green chemicals.

Mevaldi is a pioneer in creating sustainable building blocks for polymers and polyurethanes from natural biological raw materials. Since its founding in 2020, the company has developed 3MPD, a bio-based building block for high-performance applications in coatings, adhesives, and elastomers.

Unlike fossil-based alternatives, 3MPD is produced from renewable raw materials through a patented hybrid bio-thermocatalytic process. For example, the company uses 3MPD to make soles for sneakers and sawdust as insulation material for housing.

The entire production chain is located within Europe, utilising ICIG’s existing flexible plant capacities. This setup reduces dependence on supply chains outside Europe. The recent funding follows a grant from the EU’s Circular Bio-based Europe Joint Undertaking (CBE JU) program and marks a new phase of growth for Mevaldi.

With this investment, comprising equity and working capital, Mevaldi plans to move from pilot to demonstration scale. The company will also focus on commercialising its flagship product, Pentonext, a bio-based building block for sustainable polyesters and polyurethanes used in textiles and elastomers.

HTGF, one of Europe’s leading early-stage investors, manages a fund exceeding EUR2 billion. It has supported over 780 startups across industries including green chemicals and biotech.

Mevaldi aims to become the world’s first commercial supplier of bio-based 3MPD that is both sustainable and cost-competitive with fossil alternatives.

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