Register
Forgot your password?
Skip Navigation Links
ABOUT US
REQUEST RESIN
RESEARCH
SUPPORT CENTER
CONTACT US
NOVA Chemicals and Enerkem Collaborate to Close the Loop on Plastics Recycling
Calgary, Alberta, May 11, 2020 (GLOBE NEWSWIRE via COMTEX) -- (C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

Two Canadian companies will collaborate on innovative technology to close the loop on recycling and drive a plastics circular economy. NOVA Chemicals Corporation ("NOVA Chemicals"), a leading producer of chemicals and plastic resins, and Enerkem Inc. ("Enerkem"), a world-leading waste to renewable fuels and chemicals producer, have entered into a joint development agreement to explore turning non-recyclable and non-compostable municipal waste into ethylene, a basic building block of plastics.

Working together, the companies will research advanced recycling technology to transform hard-to-recycle municipal waste, including items such as plastics, household waste, and construction materials, into ethylene at full commercial scale. Ethylene, produced from waste, would advance a plastics circular economy and help meet consumer brand goals for recycled content in packaging.

Advanced recycling technologies are a necessary component of moving to zero plastic waste by creating valuable new feedstocks from post-use plastics that cannot be easily mechanically recycled. The quality of polymers produced with advanced recycling products is indistinguishable from those made from 100 percent virgin, fossil-based feedstocks.

"We are excited to work with Enerkem to create innovative, sustainable solutions for a plastics circular economy," said Todd Karran, president and CEO, NOVA Chemicals. "Our R&D teams will collaborate to develop game changing technology to push the boundaries for recycling waste to create new feedstocks and bring value to the environment, economy and society."

Enerkem is the first company in the world to produce renewable methanol and ethanol from non-recyclable, non-compostable municipal solid waste at full commercial scale. Its current technologies replace the use of fossil sources like petroleum and natural gas to produce sustainable transportation fuels and chemicals that are used in a broad range of everyday products.

"We are delighted to team up with NOVA Chemicals to collaborate on new technology for waste-to-ethylene feedstock to solve one of the world's most pressing environmental issues," said Dominique Boies, CEO and CFO, Enerkem. "This strategic partnership will allow us to explore the development of new products and expand our offering in pursuit of the circular economy."

Peter Nieuwenhuizen, Enerkem's Vice President of Technology Strategy & Deployment, added "With over 20 years of technology development, we have built a robust gasification platform to turn waste and biomass into fuels and chemicals with high carbon efficiency. Enerkem's technology has the scale and versatility to supply raw materials for the circular and decarbonized chemical industry that is being created now. Not just for plastics but also for many other chemical ingredients that are vital for everyday life."

NOVA Chemicals is committed to enabling 100 percent of plastics packaging is recyclable or recoverable by 2030; and 100 percent of plastics packaging is re-used, recycled or recovered by 2040. "This research is one of the ways NOVA Chemicals is innovating to recapture the value of plastic products and create a world free of plastic waste," said Karran. "Working together, we can shape a world that is better tomorrow than it is today," he added.

Download digital infographic of research here.

# # # #

About NOVA Chemicals Corporation

NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier, easier and safer. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to Sustainability and Responsible Care. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly-owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Visit NOVA Chemicals on the Internet at www.novachem.com.

About Enerkem

Enerkem produces advanced biofuels and renewable chemicals from biomass and residual material. Its disruptive proprietary technology converts non-recyclable, non-compostable solid waste into methanol, ethanol and other widely used chemicals. Headquartered in Montreal, Quebec, Canada, Enerkem operates a full-scale commercial facility in Alberta as well as an innovation centre in Quebec. Enerkem's facilities are built as prefabricated systems based on modular manufacturing infrastructure that can be deployed globally. Enerkem's technology is a prime example of how a true circular economy can be achieved by diversifying the energy mix and by making everyday products greener while offering a smart, sustainable alternative to landfilling and incineration.

www.enerkem.com

Sources

NOVA Chemicals and Enerkem Inc.

NOVA Chemicals Media Contact:

Jennifer Nanz, Director, Communications, NOVA Chemicals

E-mail: Jennifer.Nanz@novachem.com

NOVA Chemicals Investor Relations

Patty Masry, Leader, Financial Reporting & Investor Relations

E-mail: Patty.Masry@novachem.com

Enerkem Media Contact:

514-375-7800

communications@enerkem.com

# # #

NOVA Chemicals' logo is a registered trademark of NOVA Brands Ltd.; authorized use.

Responsible Care is a registered trademark of the Chemistry Industry Association of Canada

https://ml.globenewswire.com/media/d1b35d7b-dfbe-43de-9e1e-030127eb573d/small/nova-logo-blue-png.png


News Provided by COMTEX
Privacy Statement | Copyright © 2020 The Plastics Exchange. LLC. | Patent Protected | All Rights Reserved.