Nexus Circular President Eric Hartz, during an interview earlier this month with Plastics News discussing the Braskem deal, indicated this is a busy time as his company works to create multiple pyrolysis locations. The demand has been tremendous," Hartz said at time. Nexus Circular converts recycled plastics through pyrolysis, which uses pressure and heat in the absence of oxygen to deconstruction plastics into their molecular constituents for reformulation. The company targets plastics that already are missed by traditional recycling efforts and views itself as a complement to traditional mechanical recycling efforts.
"We are not trying to pull from other sources," Hartz previously said.Ĭlint Thompson is chief commercial officer for Nexus Circular. He talked about the new letter of intent as well as the company's aspirations for growth.
"With this meaningful LOI, we'll be better positioned to collect and convert more landfill-bound waste plastics into new materials using advanced recycling in markets worldwide," Thompson said in a statement. Nexus Circular has a commercial operation in Atlanta that has handled more than 5.5 million pounds of used plastics, the company said.
Along with Braskem, Nexus also counts Printpack and Chevron Phillips Chemical as backers along with lead investor Cox Enterprises.What are the dates and times for the Overwatch 2 beta test on PS5 and PS4? How do you access the Overwatch 2 beta? Blizzard has finally revealed more information about its upcoming hero shooter sequel, which is due to launch as a free-to-play game this October.
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