Nexus Circular

Nexus Circular focuses on recycling plastic waste to produce virgin-like plastics for various applications, including packaging. The company uses its proprietary thermal depolymerization technology to convert plastic waste (type 2, 4, 5, and 6) into circular feedstocks called Nexus ENERGY. These are then converted back into virgin plastics and high-grade fuels composed of gasoline, kerosene, diesel, heavy oils, and waxes. The company’s technology process is 100% circular, indicating that the process can be repeated infinitely to process plastic waste. Nexus also claims that it has maintained 100% acceptance for all its products produced with no rejection rates. From September 2021, Nexus conducted feasibility studies to set up facilities in the US, Europe, Asia, and South America. It planned to launch its technology across the Middle East as well. As of October 2021, the company kept nearly 3.8 million pounds of plastics away from landfills. 

Nexus Circular serves global customers like Chevron Phillips Chemical and Shell Chemical. In September 2021, the company reported that it saw a 177% YoY growth in production levels, running a commercial-scale plant that is capable of processing 50 tons per day (as of January 2022).

To support its plans for its Atlanta plant to reach 5,000 tons of recycled feedstock per day, in June 2021, the company partnered with Wood and other leading global engineering, procurement, fabrication, and construction firms. In early 2021, the company also partnered with Dow and recycling firm WestRock Recycling to collect and process 100 tons of plastic waste in Cobb County, an Atlanta suburb. In January 2023 Nexus Circular signed a 10-year definitive commercial agreement with Braskem for the supply of circular plastic feedstocks from a new advanced recycling facility, following Braskem's strategic investment in Nexus Circular in January 2022. In February 2023, the company partnered with LyondellBasell, a global chemical industry leader, to supply LyondellBasell with nearly 24,000 tonnes of recycled feedstock per year.

In January 2023, the company raised USD 150 million in an equity funding round led by Cox Enterprises, who will become the majority owner under the terms agreed upon by the two parties. led by Cox Enterprises, who will become the majority owner under the terms agreed upon by the two parties.