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The evolution of plastic recycling is crucial to cleaning up a plastic-addicted world and eliminating the necessity for oil extraction. Meet Jodie Morgan, CEO of Nexus Circular, who discusses the corporate’s progress and a flurry of stories that has positioned it on the forefront of the following era of plastics recycling. In June of 2021, we talked with Jeff Gold, founder and CEO of Nexus Circular. At the time, the corporate had been working a check facility for a few years. Nexus Circular developed a complicated chemical recycling know-how that may make plastic as recyclable as metals, dropping solely a small p.c of the fabric every time it’s processed. By distinction, conventional mechanical recycling applied sciences are efficient solely a couple of times earlier than the plastic molecules are degraded and develop into ineffective.
Recyclable plastic does not justify buying more plastic. Still, the prospect of recycling combined Plastics #2, #4, #5, and #6 to make new plastics means even landfilled plastics might be mined to exchange uncooked petroleum as a feedstock. In January, Nexus raised $150 million to construct extra capability and launched a 10-year settlement to supply recycled plastic to Braskem America. In February, Nexus introduced a long-term partnership with Chevron Phillips Chemical to make a round type of polyethylene, the plastic utilized in meals wraps, procuring baggage, and detergent bottles. Given their progress, might a Nexus Circular IPO within the offing signify the primary next-generation sustainable firm to go public and ignite a inventory market rally in inexperienced investing? You can be taught extra about Nexus Circular at nexuscircular.com.
