Manchester, U.K.-based global packaging company Sourceful (backed by Index Ventures) recently announced the launch of its new HydroTec Paper Pouch.

A coalition including many of the world’s largest consumer product companies, along with international recycling leader TerraCycle, today unveiled a global, first-of-its-kind, shopping system called Loop. The initiative is designed to change the world’s reliance on single-use packaging, offer a convenient and enhanced circular solution to consumers while securing meaningful environmental benefits.

Corona will pilot 100 percent plastic-free six pack rings in select markets as part of the brand’s commitment with Parley for the Oceans to lead the industry with eco-friendly packaging.