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Braskem Invests In Nexus Circular To Accelerate Advanced Recycling Of Plastics

Feb 01, 2022•over 3 years ago
Philadelphia

Description

Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) ("Braskem"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced its investment in Nexus Circular LLC ("Nexus"), a commercial leader in advanced recycling that converts landfill-bound plastics into circular feedstocks used in the production of sustainable virgin plastics.

Company Information

Company

Nexus

Location

Philadelphia, Pennsylvania, United States

About

Nexus Circular is a commercial leader in advanced recycling technology that converts landfill-bound plastics into circular feedstocks for production of sustainable virgin plastics used in packaging and other applications. Nexus Circular's end-to-end solution is economically validated as demonstrated by consistent bulk sales of high quality, ISCC Plus circular feedstocks for virgin plastic production. Aligned with global partners who seek proven scalable solutions to meet ambitious plastic circularity goals and with the support of investors including Cox Enterprises, Chevron Phillips Chemical, Printpack and Braskem, Nexus Circular is rapidly expanding its innovation footprint worldwide, moving decisively to address the complex challenges of plastics accumulation in the environment. For more information, visit www.nexuscircular.com.