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LanzaTech and Plastipak Partner to Produce World’s First PET Resin Made from Waste Carbon

PET carbon

LanzaTech and Plastipak Partner to Produce World’s First PET Resin Made from Waste Carbon

LanzaTech Global, Inc., an innovative carbon capture and transformation (“CCT”) company that converts waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, and Plastipak Packaging, Inc. (“Plastipak”), a global leader in the design, manufacture, and recycling of plastic containers, announce they have successfully produced PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions. The resin is suitable for food, personal care, and pharmaceutical packaging, as well as other non-packaging applications.

PET is a polymer that is molded into plastic bottles and containers for packaging foods and beverages, personal care products, and many other consumer goods. PET resin comprises 30% monoethylene glycol (MEG) traditionally derived from petroleum. PPKNatura leverages CarbonSmart™ MEG from LanzaTech’s CCT process. It retains the technical properties of virgin fossil PET while carrying a lower carbon footprint. Thus, PPKNatura can be a used for traditional food and pharmaceutical grade packaging and other sensitive applications such as hot-fill, refillables, and applications where a low crystallinity is required. Non-packaging PET applications can also take advantage of this ground-breaking resin.

PPKNatura resin reduces greenhouse gas emissions, and its production process does not require land or food resources. In addition, packaging made out of this material can be fully recycled at the end of its life, keeping the carbon in a circular material cycle.

Leading Swiss retailer Migros and its subsidiary Mibelle Group were the first to use this PET in in-house brand packaging, including in creating PET bottles for smoothies and the containers of household cleaners that also contained LanzaTech ethanol as a key ingredient.

LanzaTech’s CCT technology works like a brewery in which proprietary bacteria consume pollution and convert it into CarbonSmart chemicals. Those chemicals are then turned into products ranging from clothing and laundry detergent to sustainable aviation fuel. Using a variety of waste feedstocks, LanzaTech’s technology platform is creating a future where consumers are not dependent on virgin fossil inputs for everything in their daily lives.

enterprise workflow solutions including enterprise legal management and contract lifecycle management, announced today that its InvoiceAI has

Onit’s InvoiceAI Wins the Business Intelligence Group’s Award for Innovative Technology Products

Industry Acknowledgement Spotlights the Product’s Use of AI to Review Historical and Real-Time Legal Invoices and Find Savings beyond Billing Rules

Onit, Inc., a leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, announced today that its InvoiceAI has won a 2022 BIG Innovation Award. The annual business awards program acknowledges organizations, products and people worldwide that bring new ideas to life in innovative ways.

InvoiceAI uses artificial intelligence to help increase savings and reduce the time corporate legal departments spend on invoice review. Manual invoice review is time-intensive and often ineffective, especially for large Fortune 500 legal departments that receive a high volume of bills from outside counsel and vendors. Enterprise legal management eases this burden by applying billing rules to enforce outside counsel guidelines. Traditional billing rules without AI rely on words and context provided by in-house teams and an invoice that uses different descriptions or wording can evade them. InvoiceAI fills that gap.

InvoiceAI looks between the billing rules to identify potentially noncompliant charges. It can automatically adjust invoices to comply with guidelines or bring the discrepancy to the attention of reviewers. Because it is AI-based, it is always learning, improving and working tirelessly to reduce the volume of invoices needed for review and identify unnecessary expenses.

The BIG Innovation Award for InvoiceAI further validates the positive impact of AI for legal operations teams in large enterprises. Their AI for invoice review transforms highly repetitive and manual tasks into automated processes that optimize both legal spend and efficiency. In fact, some customers have found up to 20% in savings when using Onit’s enterprise legal management solution and InvoiceAI.

Innovation is driving the global economy across virtually all industries. Maria Jimenez, chief nominations officer of the Business Intelligence Group said they are honored to award these executives, companies and products the BIG Innovation award this year. Each has made tremendous strides at improving the lives of their community.

Learn more about InvoiceAI here or by watching this video. You can also schedule a demonstration or reach out to info@onit.com for more information.