MRC) -- Cyclyx International has announced that NOVA Chemicals has joined as the newest member of the consortium, according to Hydrocarbonprocessing.
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier and safer. With a focus on sustainability, NOVA Chemicals works toward polyethylene (PE) solutions that enable a more circular economy for plastics. Through its membership in Cyclyx, NOVA Chemicals will continue its work to utilize more post-use plastics in its feedstock supply chain.
“NOVA Chemicals has a bold ambition to create a plastics circular economy and work collaboratively toward a low carbon, zero plastic waste future. Joining the Cyclyx consortium provides us with greater supply reliability, accelerating our ability to meet the demands of consumers for high-quality products made with post-consumer resin,” said Greg DeKunder, VP Polyethylene Marketing and Circular Economy.
As MRC reported earlier, in August 2021, Cyclyx International announced that LyondellBasell had joined Cyclyx as a founding member. LyondellBasell, one of the world’s largest producers of plastics and chemicals, is a leader in the effort to help advance the circular economy and has pledged to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased significantly.
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