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Science and nutrition company Royal DSM has made Fortune Magazine’s 2018 Change the World list for its omega-3 fatty acids made from natural marine algae rather than fish oil from wild-caught fish.

Fortune Magazine’s 2018 Change the World list mentioned DSM’s positive social impact for the third consecutive year. Veramaris, DSM’s joint venture with Evonik, was developed for animal nutrition applications to help support life below water by reducing impact on ocean resources.

Fortune also praised DSM’s contributions to The Ocean Cleanup, a non-profit aiming to rid the world’s oceans of plastic through advanced technology. DSM supports their mission by sharing facilities, materials knowledge and networks.

Fortune’s Change the World list is determined by Fortune writers and editors with input from FSG, a nonprofit social-impact consulting firm; the Shared Value Initiative, a global platform for organisations seeking business solutions to social challenges; and Professor Michael E. Porter of Harvard Business School.

Companies with annual revenues of $1 billion or more are prioritized and evaluated on several factors: measurable social impact, business results, innovation, and corporate innovation.

 

Packaging News

The Australian and New Zealand businesses of Pro-Pac Packaging (PPG), excluding Perfection Packaging, have been sold to Consolidated Packaging Australia, a subsidiary of Knoxcorp, the privately owned Australian investment company headed by Jim Knox.

Schütz Australia is expanding its packaging collection and reconditioning activities in Victoria through the acquisition of ContainerSave and DrumSavers.

Avantium N.V. and Packamama have signed a capacity reservation agreement for Avantium’s plant-based polymer PEF, branded as Releaf. The polymer is produced using Avantium’s YXY Technology.