Germany's Delivery Hero invests in biodegradable packaging

[May 16, 2019]   BERLIN (Reuters) - German food delivery company Delivery Hero on Thursday announced an investment in biodegradable packaging manufacturer Bio-Lutions as governments and companies around the world seek to reduce plastic waste.

Hamburg-based company Bio-Lutions International AG produces disposable tableware products that are compostable and biodegradable, according to its website.

"Improving the way to package delivered food sustainably with the help of Bio-Lutions will allow us to help reduce our carbon footprint," Delivery Hero CEO Niklas Oestberg said in a statement.

Delivery Hero and Bio-Lutions did not disclose terms of the deal.

Legislators from U.S. cities have banned plastic straws, while single-use plastic items such as straws, forks and knives will be banned in the European Union by 2021.

(Reporting by Thomas Seythal; editing by Jason Neely)

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