International Paper completes licensing deal with Smart Planet Technologies
International Paper has completed a license agreement with Smart Planet Technologies to explore the development of products using EarthCoating, a mineralized barrier coating for paperboard products. The company’s coated paperboard division plans to create a line of folding carton and cup-stock products within their Everest® and Fortress® grade lines that would improve yield and reduce plastic use while offering the same barrier properties available today. Trial work and pilot testing are scheduled for the first quarter of 2013.
The EarthCoating mineralized resins are high performance coatings that contain less plastic than traditional low-density polyethylene coatings. EarthCoating resins are heat-sealable and FDA-compliant for direct food contact.