Chevron Phillips Chemical, Nexus Circular sign plastic feedstock agreement

Nexus Circular, Atlanta, has signed a long-term commercial agreement with Chevron Phillips Chemical Co. LLC (CPChem), The Woodlands, Texas, for the annual supply of circular liquid feedstocks from a new advanced recycling facility. Nexus says the long-term contractual commitment further strengthens its relationship with CPChem for advanced recycled plastic feedstocks to produce Marlex Anew polyethylene.

For more than two years, Nexus has supplied CPCHem with consistent bulk shipments of ISCC Plus-certified materials. In December 2021, Six Pines Investments LLC, a wholly owned subsidiary of CPChem, invested in Nexus to expand production at its Atlanta facility. Nexus says both companies are continuing discussions for future new expansion commitments.

Nexus says its advanced recycling process converts landfill-bound films and other hard-to-recycle plastics into high-quality liquids which can then be used to produce virgin-quality plastics. The company says that since 2018 it has consistently supplied commercial volumes of circular liquid products, diverting over 8 million pounds of used plastics from landfills.

“Nexus is delivering real-world scalable solutions to meet the outsized demands for virgin-quality recycled plastics,” Nexus Chief Commercial Officer Clint Thompson says. “We are thrilled to collaborate with CPChem as we rapidly expand our innovation footprint.”

CPChem says it is targeting an annual production volume of 1 billion pounds of Marlex Anew polyethylene by 2030.

“This contract with Nexus supports the transformation of used plastic into a new, useful resource, helping position CPChem to further scale our circular polymers program and deliver products the world needs for years to come,” says Justine Smith, senior vice president of petrochemicals at CPChem.