NOVA Chemicals Corporation and Revolution announced an agreement for NOVA Chemicals to sell recycled low/linear low-density polyethylene (r(L)LDPE) produced by Revolution. The agreement marks the Revolution’s exclusive partnership with a resin manufacturer and builds NOVA Chemicals’ portfolio of post-consumer resin (PCR) offerings for its customers.
Revolution manufactures plastic films for a variety of consumer and industrial products and packaging, which they recapture after use to recycle and reuse in new products. This agreement will utilize a portion of this “closed-loop” plastic. NOVA Chemicals will begin to provide these resins in January 2021.
Luis Sierra, President and CEO, NOVA Chemicals said: “Working with Revolution, a company that shares our passion for advancing the circular economy, we will further widen our product offerings for recycled plastics. Together we will offer a portfolio of PCR that is available immediately to enable our customers and brand owners to meet their sustainability goals.”
Per the New Plastics Economy Global Commitments 2019 Progress Report, demand for PCR is expected to increase fivefold by 2025 (from a 2018 baseline) as brand owners work to reach ambitious goals for recycled content in packaging. NOVA Chemicals will be offering several r(L)LDPE grades from Revolution with different melt indexes and densities to help bridge the gap. The grades are ideal for use in flexible packaging applications such as heavy-duty sack, shrink and stretch wrap, agricultural film, poly mailers and pouches, as well as a range of molded goods.
Sean Whiteley, CEO, Revolution said: “We’re thrilled to collaborate with NOVA Chemicals to help more customers looking for high-quality post-consumer recycled content. Creating a circular economy for plastics is at the core of our company’s mission. For more than 20 years, we’ve been putting high-quality PCR back into new flexible packaging, and we are excited to expand the positive sustainability impact to more applications with NOVA Chemicals”
Greg DeKunder, Vice President, Polyethylene Marketing, NOVA Chemicals said: “The relationship we’ve built with Revolution will have a significant impact on the market for recycled plastics. Joining forces enables NOVA Chemicals to be a one-stop-shop for our customers’ PCR needs, and to provide the peace of mind that comes with buying from NOVA Chemicals.”
