MOSCOW (MRC) -- NOVA Chemicals Corp. (Calgary, Alberta, Canada) has made a significant expansion of its Circular Solutions business by announcing an investment into developing its first mechanical recycling facility in Connersville, Ind., said Chemengonline.
The facility will process post-consumer plastic films to produce the company’s SYNDIGO recycled polyethylene (rPE) at commercial scale as early as 2025, delivering over 100 million pounds of rPE to the market by 2026. NOVA Chemicals plans to expand its recycling footprint over the next several years to help it reach its industry-leading 2030 ambition of 30 per cent recycled content as a share of its total polyethylene sales.
The company recently announced its 2030 Roadmap to Sustainability Leadership aspirations, including its anticipated investment of between USD2-4 billion by 2030 to expand its sustainable product offerings, decarbonize its assets, and build a state-of-the-art mechanical recycling business while exploring new advanced recycling technologies.
“NOVA Chemicals continues to show clear leadership in reshaping plastics for a better, more sustainable world,” said NOVA Chemicals President and CEO, Roger Kearns. “We are committed to helping our customers achieve their recycled content goals through a variety of business models and we look forward to making more announcements like this as we work to enable a low-carbon, zero plastic waste future.”
We remind, NOVA Chemicals Corporation ("NOVA Chemicals") and Plastic Energy have entered into an agreement to explore the feasibility of developing a pyrolysis-driven advanced recycling facility in the Sarnia, ON, Canada, region. If constructed, the facility would be the largest of its kind in Canada with a potential initial capacity of 66,000 tonnes/y.