Freshr partners Mitsubishi Chemical to tackle food waste [Yahoo! Finance]
MITSUBISHI C/H UNSP/ADR (MTLHY)
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Source: Yahoo! Finance
MCC's holding company, Mitsubishi Chemical Group (MCG), has invested in Freshr. The investment will scale up Freshr's technology and aid its global growth as part of MCG's KAITEKI Vision 35 strategy, focusing on sustainability and innovation in materials. Food waste results in significant economic and environmental impacts, costing $2.6 trillion annually and accounting for 10% of global greenhouse gas emissions. Freshr CEO and founder Mina Mekhail stated: “We are extremely proud to partner with Mitsubishi Chemical Corporation. “This agreement reflects MCC's deep commitment to innovation and sustainability, and affirms the progress we've made toward a global vision: reducing food waste with scaleable, science-backed solutions.” In Japan, 4.64 million tonnes of food waste are produced each year. The country aims to address these issues by utilising Freshr's technology in conjunction with MCG's global expertise. Freshr has developed the FreshrPack coating for food packagin
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