TAGS: Sustainability and Bioplastics
Nexus Circular announced that the company has signed a long-term commercial agreement with Chevron Phillips Chemical (CPChem) for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.
Difficult-to-Recycle Plastics into New Products
This long-term contractual commitment further strengthens CPChem’s relationship with Nexus for advanced recycled plastic feedstocks to produce Marlex
® Anew™ Circular Polyethylene. Nexus has been supplying CP Chem for over two years with consistent bulk shipments of ISCC PLUS certified materials.
In December 2021, Six Pines Investments LLC, a wholly owned sustainable investment subsidiary of CP Chem, made a meaningful investment in Nexus to expand production at the Atlanta, Georgia, facility. Both companies are continuing discussions for future new expansion commitments.
CPChem is targeting an annual production volume of 1 billion pounds of Marlex
® Anew™ Circular Polyethylene by 2030. The proven, fully commercialized advanced recycling technology from Nexus repeatedly transforms difficult-to-recycle plastics into pristine new products to accelerate the transition to a circular economy for plastics.
Related read: Comprehensive Guide on Polyethylene (PE)
Justine Smith, senior vice president of Petrochemicals at CPChem said: “
This contract with Nexus supports the transformation of used plastic into a new, useful resource, helping position CPChem to further scale our circular polymers program and deliver products the world needs for years to come.”
Clint Thompson, chief commercial officer at Nexus, stated, “
Nexus is delivering real-world scalable solutions to meet the outsized demands for virgin-quality recycled plastics. We are thrilled to collaborate with CPChem as we rapidly expand our innovation footprint.”
Chevron Phillips Chemical's Marlex® Portfolio
Source: Chevron Phillips Chemical
