MOSCOW (MRC) -- Reaching a significant milestone in its efforts to strengthen the circular economy for plastics, Chevron Phillips Chemical (CPChem) has announced the first commercial sales of its Marlex Anew Circular Polyethylene (PE), according to BusinessWire.
Using advanced recycling technology to process pyrolysis oil, a feedstock made from difficult-to-recycle waste plastics, CPChem is delivering on its commitment to bring a fully certified circular polyethylene product to market in the US.
“We are thrilled to add Marlex Anew Circular PE to our portfolio and make this product available to customers,” said Benny Mermans, CPChem’s vice president of sustainability. “Enhancing the sustainability of our products is one of CPChem’s key focus areas. Filling the first orders of our circular polyethylene is tangible proof of our work to accelerate change for a sustainable future.”
CPChem has already begun delivering Marlex Anew Circular PE and is working to further expand production volumes. Since announcing the launch of its advanced recycling program in October 2020, CPChem has been certified by International Sustainability & Carbon Certification (ISCC) PLUS, a globally recognized sustainability certification system. The company has also scaled production volumes and signed long-term feedstock supply agreements with several producers of high-quality feedstocks.
In addition to establishing a network of suppliers, CPChem worked with Chevron to successfully process pyrolysis oil at Chevron’s Pascagoula Refinery in a certified commercial-scale trial. As a result, this enables CPChem to source feedstock derived from plastics waste to produce Marlex Anew Circular Polyethylene. Additionally, CPChem is evaluating future collaborative opportunities with Chevron to reinforce both companies’ sustainability-related efforts and to support CPChem’s annual production target of 1 billion pounds of Marlex Anew Circular PE by 2030.
As MRC reported earlier, in December 2021, Six Pines Investments LLC, a wholly-owned, sustainable investment subsidiary of CPChem, announced its equity investment in two leading circular plastics recyclers, Nexus Circular LLC (Nexus) and Mura Technology Ltd. (Mura).
We remintd that Chevron Phillips Chemical will make a final investment decision on a new cracker in far southeast Texas in 2022, followed by an FID in 2023 on an USD8 billion joint venture petrochemical complex along the US Gulf Coast in 2023, said Phillips 66 CEO Greg Garland in early August.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,265,290 tonnes in the first eleven months of 2021, up by 14% year on year. Shipments of all grades of ethylene polymers increased.
CP Chem is a joint venture of Phillips 66 and Chevron.
Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.
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