Midland, Michigan – July 21, 2022 – Dow (NYSE: DOW) and Nexus Circular announced today that they have signed a detailed letter of intent (LOI) for Dow to secure the production output of a newly constructed advanced recycling facility in Dallas, Texas. The new facility will process and convert over 26,000 MTs annually of previously non-recycled plastic into circular feedstock that will be delivered back to Dow as a raw material to create new, recycled plastics for food-contact, health, hygiene, and fitness applications.
The LOI builds on Dow and Nexus Circular’s initial joint effort as the chosen advanced recycler for the Hefty® EnergyBag® program, launched in collaboration between Dow, Reynolds Consumer Products and others, to collect hard-to-recycle plastics at residential curbside to convert them into valued resources. The announcement marks an evolution of the companies’ deepening relationship, from converting hard-to-recycle plastics into energy, to now converting circular feedstock into actual plastic products, making the converted material truly circular.
Nexus Circular is a commercial leader in advanced recycling that uses a proprietary process and pyrolysis (high temperature decomposition) technology to transform waste plastics into high-quality circular feedstocks its partners use in the production of circular polymers. Nexus Circular has optimized the technology to create a highly efficient, economic, commercial and scalable system for delivering cost-effective, high quality and environmentally friendly circular products for its partners and customers. In 2020, Nexus Circular was named a grant recipient of Dow’s Business Impact Fund for the development of pre-processing to incorporate post-consumer, hard-to-recycle plastics collected through the Hefty® EnergyBag® program in Cobb County, GA.
This current expansion of the Dow-Nexus collaboration into Dallas, among other locations, will result in the further collection and conversion of landfill-bound plastics into plastic products that will be used in consumer applications, in order to help close the used plastics loop. The program builds on the impact of the Hefty® EnergyBag® which has diverted over 1,800 tons of hard-to-recycle plastics from landfills to date.
“Expanding our past, scaled success with Nexus to drive production of high-quality circular feedstocks, the new facility in Dallas marks an important step in meeting unmet market demand for circular plastics in Texas and other markets,” said Manav Lahoti, Global Sustainability Director for Hydrocarbons at Dow. “We now have an even greater opportunity to close the loop on Dow’s materials through the delivery of Nexus’ circular products back to our plants, further accelerating progress toward our 2030 goal to enable 1 million metric tons of plastic to be collected, reused or recycled.”
Clint Thompson, Nexus Circular’s Chief Commercial Officer added, “We are excited for the next phase of our growing partnership with Dow to build on our joint efforts to extend the life of used plastics. 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.”
Nexus Circular is an advanced recycling company at the center of the circular economy. We accelerate plastic recycling so that people, economies and the environment can thrive. We have a viable solution today that is circular, efficient and economical at full commercial scale. Through our end-to-end solution, we work with recycling organizations to capture used plastics, especially hard-to-recycle films, from landfill, having already diverted millions of pounds to date. By leveraging technology that outperforms, operations that scale and people that deliver, our proprietary process and technology converts used plastics into clean high-quality, ISCC Plus certified materials for global companies who use them to create renewable plastic products. With the support of global partners who seek proven scalable solutions to meet ambitious plastic circularity goals, Nexus Circular is rapidly expanding its innovation footprint, moving decisively to address the complex challenges of plastics accumulation in the environment. And we are on a trajectory to convert 1 billion+ lbs. annually of hard-to-recycle plastics into circular materials to support our global partners’ 2025 sustainability commitments. Nexus Circular. Advanced Recycling. Accelerated. For more information, visit www.nexuscircular.com.
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
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