Philadelphia-based Braskem S.A. announced Monday it was entering into a long-term contract with Nexus Circular for the supply of circular feedstocks from recycling.
Officials said the two companies have signed a 10-year commercial agreement where Nexus will provide Braskem with plastic feedstock from its advanced recycling facility. The contract will support Braskem’s strategic objective to sell 300,000 metric tons of products with recycled content by 2025 and 1 million metric tons by 2030, the company said. Braskem will produce certified circular polypropylene (PP) using Nexus Circular’s commercial-scale recycling technology, with converts landfill-bound plastics into high-quality feedstocks used in the production of virgin-quality plastics.
“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,” Braskem America’s CEO Mark Nikolich said. “This supports our corporate initiative to develop a carbon neutral circular economy for plastics while supporting our clients’ goals for plastics with recycled content.”
Braskem officials said the project will add to Braskem America’s existing PP portfolio, which currently includes a number of post-consumer recycles products that can be used in a wide range of food contact applications. The contract will take advantage of Nexus Circular’s leadership in advanced recycling and supply volumes.
“This long-term commercial contract builds upon the strong foundation of our growing relationship,” Jodie Morgan, Chief Executive Officer at Nexus, confirmed. “We are excited to partner with Braskem to accelerate our impact and ability to address the complex challenges of plastics accumulation in the environment.”