Braskem invests in Nexus Circular to accelerate advanced recycling of plastics
Largest polyolefins producer in the Americas, as well as market leader and pioneer producer of biopolymers on an industrial scale, Braskem announced its investment in Nexus Circular, a commercial leader in advanced recycling that converts landfill-bound plastics into circular feedstocks used in the production of sustainable virgin plastics. Using a proprietary advanced recycling technology, Nexus converts a range of hard-to-recycle plastics especially landfill bound plastic films into its circular feedstocks which can then be converted back into virgin plastics (fully circular). Nexus has optimized the technology to create a highly efficient and economic system providing cost-effective, superior quality and environmentally friendly products for its partners and customers.
Today’s investment in Nexus is one component of Braskem’s strategy to drive plastics circularity, which includes projects aimed at recycling infrastructure, mechanical recycling, and advanced recycling - all of which are critical to meeting Braskem’s and our clients’ ESG commitments in the years to come. In addition to the expansion of Braskem’s recycled product portfolio in 2021, Braskem is also a founding member of the Alliance to End Plastic Waste, The Recycling Partnership’s Polypropylene Recycling Coalition and Cyclyx.
Braskem is strongly committed to a carbon neutral circular economy where nothing is wasted, and everything is transformed. To support this vision for the future Braskem has clearly stated targets for growing the company’s recycled content product portfolio to sales of 300,000 tons by 2025 and one million tons by 2030. Braskem’ transition to a circular economy is deeply rooted in mechanical and advanced recycling solutions. By engaging and investing in partnership with other members of the value chain the company is strengthening mechanical and advanced recycling, overcoming barriers and ensuring the increased production of high-quality recycled material. All these initiatives are aligned with Braskem’s feedstock diversification strategy and its macro goals of expanding the circular economy concept in the plastic chain and becoming a carbon-neutral company by 2050.