In its November 2021 report on food waste, the Environmental Protection Agency estimates that more than one-third of the food produced in the United States is never eaten, making it the most common material in landfills. An investment in Mercy Investment Services’ Environmental Solutions Fund is helping develop and expand a new technology that will reduce food waste.
Hazel Technologies’ flagship products deliver a controlled release of shelf-life enhancing vapor from packaging inserts called sachets. The biodegradable sachets are placed in boxes of bulk produce by commercial growers at the time of harvest, extending the shelf-life of produce up to three times by slowing aging and preventing decay. Hazel Tech®, which receives funding from the U.S. Department of Agriculture, projects that it has protected nearly six billion pounds of produce since its founding in 2015. More than 250 growers, packers and retailers use Hazel Tech products. Watch this short video to learn more about Hazel Tech.
Mercy Investment Services’ Environmental Solutions Fund includes more than 30 investments in innovative strategies to address climate change. Learn more on our website.