Listen to this articleBelow is our recent interview with Jeff Gold, Founder & CEO at Nexus Circular:
Q: Could you provide our readers with a brief introduction to your company?
A: Nexus Circular is a waste management and energy production company that has developed a commercial – scale process for converting waste plastics into feedstocks for plastics production, which can be further refined into a full range of products.
To date, Nexus has diverted the equivalent of over 35 million grocery bags of waste plastics that would have otherwise ended up in landfills. Instead, these plastics are converted into new recycled-content virgin plastics. Nexus’ unique process can handle hard-to-recycle films and is infinitely circular since advanced recycling is done at the molecular level and does not deteriorate over cycles
Nexus also recently became a member of the American Chemistry Council’s Advanced Recycling Alliance for Plastics, which focuses on effectively and efficiently recycling waste plastics with proven solutions. Advanced recycling plays a critical role in helping companies meet their ESG objectives and in advancing the EPA’s focus on significantly improving recycling rates.
Q: Any highlights on your recent announcement?
A: We have announced a meaningful investment from Six Pines Investments LLC (“Six Pines”), a subsidiary of Chevron Phillips Chemical Company LLC (“CPChem”). In an effort to meet outsized demand for circular plastics made from waste, Nexus has continued to ramp production at its Atlanta commercial plant to a record-setting > 4.5 million lbs. (2 million kilos) of consistent, ISCC Plus certified output produced and sold to clients who create virgin, recycled-content, resins for their customers. CPChem, a leader in production of such resins in the US, has identified Nexus as an important collaborator in reaching its ambitious goal of 1 billion pounds of circular polyethylene by 2030.
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Q: Can you give us more insights into your offering?
A: Nexus has remained focused on a solution that is economic and scalable. We have now executed on this plan and have proven it works. We are fortunate to have a like-minded collaborator in Six Pines, willing to support our rapid growth, as companies’ announced dates for meeting recycled-content goals approach quickly.
Q: What can we expect from your company in next 6 months? What are your plans?
A: Next 6-12 months – having proven Nexus‘ Circular’s solution economically at commercial scale – we’ll be building Gen 3 in Atlanta tripling capacity; launching multiple sites in US, Europe and beyond; completing a step-up raise to further accelerate rapid growth while still meeting current customers‘ volumes of on-spec, ISCC Plus certified Nexus Circular Feedstock
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Q: What is the best thing about your company that people might not know about?
A: We are all having a blast obliterating the plastics environmental problem head on. With this approach all plastic currently above ground is all we’ll every need to address the world’s plastics needs in a purely circular way.
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