Printpack investment to support Nexus scale-up of advanced recycling process for plastics
Nexus diverts and economically converts landfill-bound plastics into hydrocarbon feedstocks, which are used by Nexus' partners to produce virgin resins. Once the supply chain is fully implemented, Printpack will then be capable of producing sustainable packaging solutions from these recycled resins, the final step to complete the circularity of landfill-bound plastics back into recycled packaging solutions.
Printpack is working collaboratively with numerous major CPGs to develop and commercialize more sustainable packaging materials. With its commercial-scale manufacturing, Nexus is poised to deliver a viable end-to-end solution for plastic films by enabling an increase in recycled content in plastic packaging while maintaining the same performance characteristics as packaging made from virgin materials.
Jimmy Love, Chairman and CEO of Printpack said, "This is an important opportunity for Printpack to deliver on our commitment to sustainability in packaging and accelerate the commercialization of a truly circular process for plastics waste. Nexus Circular has developed and proven a technology capable of being scaled up, and we are committed to helping them do so."
Nexus' proprietary process can handle a broad array of hard-to-recycle films, expanding the scope of used plastics that can be economically converted back into ISCC Plus certified, virgin materials.