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Zume And Jefferson Enterprise Energy Secure $122M To Build The World’S First 100% Renewable Energy Powered Compostable Packaging Factory

Jul 22, 2021•almost 4 years ago

Amount Raised

$122 Million

Lufkin

Description

Jefferson Enterprise Energy and Hilltop Securities today announced the closing of $122M of bond financing. The financing will support Jefferson’s joint venture with Zume, creators of the world’s most advanced molded fiber technology, to build the first sustainable manufacturing factory for consumer goods powered entirely by an onsite renewable energy plant with zero use of fossil fuels in North America.

Company Information

Company

Zume

Location

Lufkin, Texas, United States

About

Founded in 2015, Zume is actively reducing the world’s plastic waste with economically viable substitutes for plastic packaging. As creators of the world’s most advanced molded-fiber manufacturing system, Zume is a global provider of sustainability solutions and offers a vast range of sustainable manufactured solutions and services across the food, beverage, healthcare, and CPG categories. For more information, go to zume.com and to see a video of how Zume works, go to here:

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