The advanced recycled circular products from Nexus will support Braskem to sell 300,000 metric tonnes of products with recycled content by 2025 and one million metric tonnes by 2030
Nexus Circular, Braskem sign agreement for supply of circular feedstocks from advanced recycling plant. (Credit: Business Wire)
Nexus Circular and Brazilian petrochemical company Braskem have entered into a 10-year commercial agreement for the supply of circular feedstocks from a new advanced recycling plant.
The advanced recycled circular products from US-based Nexus will support Braskem to sell 300,000 metric tonnes of products with recycled content by 2025 and one million metric tonnes by 2030.
Braskem America CEO Mark Nikolich said: “We look forward to a long and growing partnership with Nexus to secure high-quality feedstock for the production of Braskem’s certified circular PP resins.
“This supports our corporate initiative to develop a carbon-neutral circular economy for plastics while supporting our clients’ goals for plastics with recycled content.”
With the addition of the project, Braskem America now has a portfolio of sustainable PP and PE materials totalling nine Post-Consumer Recycled (PCR) products. It includes two PCR PP grades that can be used in a variety of current US Food and Drug Administration (FDA) food contact applications.
Braskem said that the entire range of PCR solutions can be used in a variety of PP and PE applications like consumer packaging, caps and closures, durable goods, automotive, and consumer housewares.
Nexus Circular is an advanced recycling firm with proprietary technology and a process design that transforms landfill-bound films and other hard-to-recycle plastics into high-quality feedstocks.
The feedstocks are then used to make virgin-quality sustainable plastics, the Brazilian petrochemical company added.
Since 2018, Nexus has provided commercial volumes of circular liquid solutions that are International Sustainability and Carbon Certification (ISCC) Plus certified. As a result, more than eight million pounds of waste plastic have been kept out of landfills.
Nexus CEO Jodie Morgan said: “This long-term commercial contract builds upon the strong foundation of our growing relationship.
“We are excited to partner with Braskem to accelerate our impact and ability to address the complex challenges of plastics accumulation in the environment.”