April 20, 2021 Romania’s Promateris is to form a new division in order to locally manufacture raw materials from partially renewable resources, which are used in the production of compostable packaging. The investment is part of the ‘Bio-based circular solutions to decarbonise the local economy’ project and has a value of more than €1.65 million ($2m). It is supported by a grant of €744,000 ($898,000) provided by Iceland, Liechtenstein and Norway through the EEA and Norwegian Financial Mechanism 2014-2021, within the SMEs Growth Romania programme. The project is developed in partner...