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The evolution of plastic recycling is important 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 reports that has positioned it on the forefront of the subsequent technology 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 sophisticated chemical recycling expertise that may make plastic as recyclable as metals, shedding 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 change into ineffective.
Recyclable plastic does not justify buying more plastic. Still, the prospect of recycling blended Plastics #2, #4, #5, and #6 to make new plastics means even landfilled plastics may very well be mined to switch uncooked petroleum as a feedstock. In January, Nexus raised $150 million to construct further 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, purchasing luggage, and detergent bottles. Given their progress, may a Nexus Circular IPO within the offing symbolize the primary next-generation sustainable firm to go public and ignite a inventory market rally in inexperienced investing? You can study extra about Nexus Circular at nexuscircular.com.
Originally aired on Apr 17, 2023
