Brazilian petchem giant sources circular feedstocks from Nexus / Deal for polyolefins to run for a decadeA Nexus Circular sorting line (Photo: Braskem)Brazilâ??s Braskem
(Sà£o Paulo; www.braskem.com
), the self-proclaimed largest polyolefin producer in the Americas, said it has signed a 10-year offtake deal for circular feedstocks from US-based Nexus Circular
(Atlanta, Georgia; www.nexuscircular.com
). The announcement follows Braskemâ??s acquisition of a minority stake in the American company last year (see Plasteurope.com of 14.02.2022
Nexus converts landfill-bound plastics into circular feedstocks for production of sustainable virgin plastics used in packaging and other applications.
Braskem said the deal will help meet its goal of selling 300,000 t of products with recycled content by 2025 and 1 mn t/y by 2030.Braskem America
CEO Mark Nikolich
said, â??We look forward to a long and growing partnership with Nexus to secure high-quality feedstock for the production of Braskem's certified circular polypropylene resins. This supports our corporate initiative to develop a carbon neutral circular economy for plastics while supporting our clientsâ?? goals for plastics with recycled content.â?
Related: Braskem to study bio-based PP production in the US
This project is expected to add to Braskem Americaâ??s sustainable PP and polyethylene portfolio of nine post-consumer recycled (PCR) products, including two PP grades that can be used in a wide range of US FDA food contact applications.
Braskem said its PCR solutions for PP and PE suit a range of products such as consumer packaging, caps and closures, durable goods, automotive goods, and consumer housewares.30.01.2023 Plasteurope.com [252068-0]