Walmart Partners on $60m CO2 Materials Deals as E-Commerce, Ads Outpace Retail
Rubi’s $7.5m funding round will scale its CO2-to-materials platform, with Walmart among 15 partners signing over $60m in multi-year offtake agreements for cellulose polymers. Walmart’s e-commerce and advertising segments are now growing faster than its brick-and-mortar retail business, underscoring its focus on digital expansion.
1. Walmart Secures CO2 Materials Supply
Following Rubi’s $7.5m funding round, Walmart joined 14 other partners in signing multi-year offtake agreements worth over $60m for CO2-derived cellulose polymers. The partnerships aim to integrate Rubi’s cell-free enzyme platform into Walmart’s textile and packaging supply chains, boosting sustainable sourcing.
2. Digital Segments Drive Growth
Walmart’s e-commerce sales growth rate has outstripped its brick-and-mortar performance this quarter, while advertising revenue is expanding at an even faster pace. This shift toward digital channels supports higher-margin businesses and underpins Walmart’s strategy to diversify revenue streams beyond traditional retail.