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The evolution of plastic recycling is important to cleansing up a plastic-addicted world and eliminating the necessity for oil extraction. Meet Jodie Morgan, CEO of Nexus Round, who discusses the corporate’s progress and a flurry of reports that has positioned it on the forefront of the following era of plastics recycling. In June of 2021, we talked with Jeff Gold, founder and CEO of Nexus Round. On the time, the corporate had been working a check facility for a few years. Nexus Round developed a complicated chemical recycling know-how that may make plastic as recyclable as metals, dropping solely a small p.c of the fabric every time it’s processed. Against this, conventional mechanical recycling applied sciences are efficient solely a couple of times earlier than the plastic molecules are degraded and turn into ineffective.
Recyclable plastic doesn’t justify shopping for extra plastic. Nonetheless, the prospect of recycling combined Plastics #2, #4, #5, and #6 to make new plastics means even landfilled plastics might be mined to exchange uncooked petroleum as a feedstock. In January, Nexus raised $150 million to construct extra capability and launched a 10-year settlement to offer recycled plastic to Braskem America. In February, Nexus introduced a long-term partnership with Chevron Phillips Chemical to make a round type of polyethylene, the plastic utilized in meals wraps, purchasing luggage, and detergent bottles. Given their progress, might a Nexus Round IPO within the offing signify the primary next-generation sustainable firm to go public and ignite a inventory market rally in inexperienced investing? You may study extra about Nexus Round at nexuscircular.com.
Initially aired on Apr 17, 2023
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