Ascend Performance Materials Buys Majority Stake in Circular Polymers
Acquisition secures supply of PCR.
Ascend Performance Materials has acquired a majority stake in Circular Polymers, a California recycler of post-consumer materials including PA, PP, and PET. The move secures a consistent supply material for Ascend’s Redefyne polyamides, recently launched at K Show 2022.
Post-consumer carpet is a source material for Circular Polymers.
Photo Credit: Ascend Performance Materials
Circular Polymers, now renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.
“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend.
Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030. In October, the company announced that it had successfully made its global compounding operations carbon neutral, and secured ISCC+ certification for the use of bio-based materials.
Related Content
-
A Recycling Plant, Renewed
Reinvention is essential at Capital Polymers, a toll recycler that has completely transformed its operation in a short period of time.
-
Reversing Logistics for Plastic Film Recycling
Learn how Mainetti built a circular supply chain for clear film packaging.
-
Foam-Core Multilayer Blow Molding: How It’s Done
Learn here how to take advantage of new lightweighting and recycle utilization opportunities in consumer packaging, thanks to a collaboration of leaders in microcellular foaming and multilayer head design.
