Metal Price
Scrap Monster
Vulcan
Plastic Recycling September 07, 2020 04:30:32 PM

NOVA Chemicals and Merlin Plastics to Boost Plastics Circular Economy

Paul Ploumis
ScrapMonster Author
The partnership with Merlin Plastics will help NOVA Chemicals to expand supply of high-quality PCR supply.

NOVA Chemicals and Merlin Plastics to Boost Plastics Circular Economy

SEATTLE (Scrap Monster): Calgary, Alberta-headquartered virgin plastics giant NOVA Chemicals Corporation has entered into a long-term agreement with Merlin Plastics- Canada’s largest plastics recycling company, aimed at boosting the supply of high-quality post-consumer recyclate (PCR) for consumer packaging.

As per the agreement, NOVA Chemicals will provide financing for a multi-million-dollar project to accelerate Merlin’s expansion into PCR for food contact applications at its Delta plastics processing facility. The facility will be equipped to produce recycled HDPE. Also, NOVA has agreed to buy up to 30 million pounds of PCR per year. The agreement grants NOVA with the right to secure supply of food-grade PCR for the next five years.

ALSO READ:

U.S. Plastics Pact Explores New Strategies to Reduce Plastic Waste

WEF Report Analyzes Steps to Boost Circular Plastics Economy

The partnership with Merlin Plastics will help NOVA Chemicals to expand supply of high-quality PCR supply. Incidentally, the company has already committed to have 100% of its plastics packaging to be recyclable or recoverable by 2030. Also, it aims to have all of its plastics packaging to be re-used, recycled or recovered by 2040.

Tony Moucachen, president, Merlin Plastics stated that the partnership will be able to turn more recycled plastic packaging into valuable new source material, thereby enhancing recycling.

The demand for PCR is expected to increase nearly tenfold in the next five years.

SM Newsletter
Subscribe to SM mailing list and get updates to your inbox
Facebook Twitter Linkedin Instagram