Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that NOVA Chemicals has joined as the newest member of the consortium.
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier and safer. With a focus on sustainability, the company works toward polyethylene solutions that enable a more circular economy for plastics. Through its membership in Cyclyx, NOVA Chemicals will continue its work to utilise more post-use plastics in its feedstock supply chain.
“NOVA Chemicals has a bold ambition to create a plastics circular economy and work collaboratively toward a low carbon, zero plastic waste future. Joining the Cyclyx consortium provides us with greater supply reliability, accelerating our ability to meet the demands of consumers for high-quality products made with post-consumer resin,” stated Greg DeKunder, VP Polyethylene Marketing and Circular Economy.
“We’re excited to welcome NOVA Chemicals to the Cyclyx consortium,” stated Joe Vaillancourt, CEO of Cyclyx. “Their dedication to keeping plastics out of our natural environment and redesigning plastic products for optimal recycling or recovery is in line with everything that Cyclyx is working to achieve. Their membership will be a great addition to our mission to help increase the recycling rate of plastic from 10% to 90%.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/08042022/nova-chemicals-joins-cyclyx/
You might also like
ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group.