Technological watch
Investment in US chemical recycler Nexus Circular
Investment in US chemical recycler Nexus CircularNexus converts landfill-bound plastics into circular feedstocks (Photo: Nexus)Brazilian petrochemicals and plastics producer Braskem (Sà£o Paulo; www.braskem.com) said it has acquired a minority stake in US chemical recycling specialist Nexus Circular (Atlanta, Georgia; www.nexuscircular.com). Details of the deal were not disclosed.
Nexus converts landfill-bound plastics into circular feedstocks for production of sustainable virgin plastics used in packaging and other applications. Its other investors include Cox Enterprises, Chevron Phillips Chemical, and Printpack.
The move is in keeping with Braskemâ??s plans for a carbon neutral circular economy, for which the company has set targets to grow the recycled content product portfolio â??to sales of 300,000 t by 2025 and 1 mn t by 2030â?.
With 41 industrial units in Brazil, the US, Mexico, and Germany, Braskem employs 8,000 and exports to more than 80 countries.14.02.2022 Plasteurope.com [249637-0]
Nexus converts landfill-bound plastics into circular feedstocks for production of sustainable virgin plastics used in packaging and other applications. Its other investors include Cox Enterprises, Chevron Phillips Chemical, and Printpack.
The move is in keeping with Braskemâ??s plans for a carbon neutral circular economy, for which the company has set targets to grow the recycled content product portfolio â??to sales of 300,000 t by 2025 and 1 mn t by 2030â?.
With 41 industrial units in Brazil, the US, Mexico, and Germany, Braskem employs 8,000 and exports to more than 80 countries.14.02.2022 Plasteurope.com [249637-0]
This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme
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