PORTSMOUTH, New Hampshire
,
April 11, 2022
(press release)
–
Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that NOVA Chemicals has joined as the newest member of the consortium. 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 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,” stated Greg DeKunder, VP Polyethylene Marketing and Circular Economy. “We’re excited to welcome NOVA Chemicals to the Cyclyx consortium,” stated Joe Vaillancourt, CEO for Cyclyx. “Their dedication to keeping plastics out of our natural environment and redesigning plastic products for optimal recycling or recovery is in line with everything that Cyclyx is working to achieve. Their membership will be a great addition to our mission to help increase the recycling rate of plastic from 10% to 90%.” Contacts Melanie Burger Andie Stiles About Cyclyx International, LLC. Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com. About NOVA Chemicals Corporation NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier, easier and safer. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to Sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates. Visit NOVA Chemicals on the Internet at www.novachem.com.
Cyclyx
Director of Corporate Communications
mburger@cyclyx.com
NOVA Chemicals
Marketing Communications and Trade PR
Andie.Stiles@novachem.com
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
