Chevron Phillips Chemical deepens collaboration with Nexus Circular
Published by Bella Weetch,
Editorial Assistant
Hydrocarbon Engineering,
Nexus Circular has 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. This long-term contractual commitment further strengthens CPChem’s relationship with Nexus for advanced recycled plastic feedstocks to produce Marlex® AnewTM Circular Polyethylene. Nexus has been supplying CPChem 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 CPChem, made a meaningful investment in Nexus to expand production at the Atlanta, Georgia, US, facility. Both companies are continuing discussions for future new expansion commitments.
Nexus Circular is a commercial leader in advanced recycling with a proven proprietary technology and a leading process design that converts landfill-bound films and other hard-to-recycle plastics into high-quality liquids which are then used to produce virgin-quality circular plastics. Since 2018, Nexus has been consistently supplying commercial volumes of circular liquid products, having diverted over 8 million lb of used plastics from landfill.
CPChem is targeting an annual production volume of 1 billion lb of Marlex Anew Circular Polyethylene by 2030. The proven, fully commercialised 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.
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.”
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/14022023/chevron-phillips-chemical-deepens-collaboration-with-nexus-circular/
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