Kimberly Kovacs’ Post

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Chief Executive Officer, RENW - Providing Nature-Based Solutions for the Planet

element6 Dynamics and PAPACKS® Announce Partnership Intentions 🤝 ⭐️ Largest industrial hemp deal in U.S. history is a milestone for decarbonization efforts ⭐️ BOULDER, COLORADO, USA (May 22, 2024) – element6 Dynamics and German-based PAPACKS are pleased to announce the signing of a Memorandum of Understanding to Joint Venture on the US expansion of PAPACKS molded and thermal formed packaging in partnership with element6 Dynamics, a US modern pioneer in industrial hemp. Details of this MOU are confidential; however, this Joint Venture will offer regenerative alternative fiber (industrial hemp) packaging solutions for consumer-packaged goods, pharmaceutical, technology and general companies endeavoring to decarbonize, transition from plastic, and reduce deforestation in their supply chain. “Our goal is to provide new materials that are regenerative, not extractive and introduce processes that decarbonize and have little to no waste at prices that are competitive with incumbent solutions,” said Kimberly Kovacs, CEO of element6 Dynamics and past Forbes 50 over 50 Women in Finance honoree. “PAPACKS® is an innovative leader in fiber-based material, focused on sustainable solutions and we are thrilled to partner with them to bring this Joint Venture into the US.” element6 Dynamics is a US leader in industrial hemp including but not limited to genetic breeding, cultivation, and conversion of industrial hemp biomass (to mimic characteristics of traditional softwood Kraft Pulp). element6 Dynamics pulp (e6 Pulp) has been proven as a drop-in market ready pulp solution with new or existing papermill and packaging infrastructure. PAPACKS set the standard in Europe for sustainable fiber-based packaging, catering to both barrier-specific food and non-food, pharmaceutical and cosmetics packaging needs. Their commitment to innovation is globally recognized through over 75 patent families, 30 awards, and more than a decade of pioneering work. The parties intend to construct 10 fully integrated molded and thermal formed manufacturing facilities throughout the US and taking a bio-regional approach in locating each facility near and around their cultivation footprint, and academic partnerships, ensuring a cost effective, environmental solution to reshoring business in a sustainable, and responsible way. “We believe that element6 Dynamics will be a strong financial and strategic partner for us in the United States,” said PAPACKS CEO Tahsin Dag, who was (elected “CEO of the Year 2024 in the packaging industry” by European CEO Awards). “The Team at element6 Dynamics has successfully delivered the scale we require to deliver to our international customer base. The combination of our respective skills, knowledge, technologies, and shared vision positions our partnership for success.” https://lnkd.in/dC7p54Rr

Richard Yelland

Founder/Director: Empowering "Brands for Good" with Storytelling That Can Change the World

10mo

Amazing news - congrats to you and the team!

Congratulations! Well done!

Morris Beegle

President of WAFBA - We are For Better Alternatives | Producer of NoCo Hemp Expo® & Experience Hemp® | Publisher of Let's Talk Hemp® Media | Bio-based alternatives for paper, packaging, textiles, guitars & more

10mo

Congratulations 👏

Dave Braet

Strategic Business Consultant | Versatile Leader | Driving Growth, Innovation & Team Success

10mo

Congratulations!

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Chris Wedding ⚡

🌎 I help climate CEOs grow (private peer groups & coaching) ☑️ I post on startups, finance, climate change 🔋 Investor, Founder, Professor, Coach, Podcaster, Newsletter Writer, "Monk"

10mo

Congrats, Kimberly Kovacs! Exciting to see you leading the largest industrial hemp deal in U.S. history! 👏

Fred Dial

Industrial Hemp Fiber - Composites/Nonwovens/Textiles

10mo

Congrats

Mandi Lynn Kerr

Hemp Advocate | Supply Chain Strategist | Connecting Brands for a Sustainable Future

10mo

Congrats to all involved!!! Christine Stenquist - this team is awesome!!

Natosha Wallace, MBA

Global Risk Transformation | Founder of The Boon Project - Agriculture with a Purpose | Regenerative Agriculture | Hemp4Hope & “Sustainable” Poverty Alleviation

10mo

Congratulations!

Congratulations

Drew Kitt

Hemp OG | MBA | Certified Ganjier | THCA Flower, Blunts, Pre-Rolls, Gummies & Extracts | Hemp Distribution, White Label Mfg & Extracts Lab | Biz Dev | Sales | Consultant | Advisor | Advocate |

10mo

Congrats, well done! 👏🏼

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