Chevron Phillips Chemical Co. LLC (CPChem) and Nexus Circular LLC have entered into a long-term commercial agreement for the supply of circular liquid feedstocks from Nexus’ advanced recycling facility.
CPChem has been a customer of Nexus for over two years, receiving consistent bulk shipments of ISCC PLUS certified materials. The new agreement further strengthens the relationship between the two companies and opens the door for future expansion commitments.
Nexus Circular is a leading player in advanced recycling, utilizing its proprietary technology to convert landfill-bound plastics into high-quality liquids that can be used to produce virgin-quality circular plastics. The Atlanta-based company has a proven track record, having diverted over 8 million pounds of used plastics from landfill since 2018.
CPChem is committed to producing 1 billion pounds of Marlex Anew Circular Polyethylene annually by 2030, leveraging Nexus’ advanced recycling technology to achieve its goal. The two companies are collaborating to drive the transition to a circular economy for plastics by turning difficult-to-recycle materials into pristine new products.
“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,” said Justine Smith, senior vice president of Petrochemicals at CPChem.
“Nexus is delivering real-world scalable solutions to meet the outsized demands for virgin-quality recycled plastics,” added Clint Thompson, chief commercial officer at Nexus. “We are thrilled to collaborate with CPChem as we rapidly expand our innovation footprint.”