Recent reports by the American Chemistry Council, Plastics News, McKinsey & Company, and others underline the urgency of addressing environmental obstacles posed by the growth in plastics waste.
FREMONT, CA: Nexus Fuels, a leading circular waste-plastics operation, has received a major investment from Cox Enterprises to boost its market expansion. Nexus converts waste plastics, formerly bound for oceans and landfills, back into their original components so they can be utilized to create new materials. Nexus' environmentally friendly recycling process can convert waste plastics into virgin plastic resins and precursors that partners, like Shell and Chevron Phillips, can utilize to develop entirely new products.
Recent reports by the American Chemistry Council, Plastics News, McKinsey & Company, and others underline the urgency of addressing environmental obstacles posed by the growth in plastics waste. Nexus proves that plastics can positively fulfill society's needs in their original form and then be converted into new products like home appliances, furniture, and medical equipment — creating a circular, infinite lifecycle for plastics. This circular economy also decreases the need to continually extract fossil fuels — delivering the tangible results the marketplace seeks.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Nexus has already sold over 250,000 gallons of fuel and raw material, diverting over 1,000 tons of waste plastics from landfills.
"We appreciate Cox's dedication to improving the environment and their support of Nexus to convert waste plastics into new, environmentally-friendly products," stated Nexus CEO Jeff Gold. "More importantly, Cox understands that recycling solutions like Nexus must be economically viable to be sustainable over the long term."
"With Cox's full support, Nexus has created an end-to-end business, poised to grow globally," stated Nexus President and Co-Founder Eric Hartz. "This circular solution means all plastics currently above ground are all that's ever needed."
More in News