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MOSCOW (MRC) -- Chevron Phillips
Chemical (CPChem) announced two significant developments in its advanced
recycling program which converts waste plastics into circular polyethylene, said
Hydrocarbonprocessing.
Since
introducing Marlex Anew Circular Polyethylene in October, the company has
received certification through the International Sustainability and Carbon
Certification PLUS (ISCC PLUS) process and signed a long-term supply agreement
with Nexus Fuels LLC (Nexus) as its first supplier of pyrolysis oil.
The
internationally recognized ISCC PLUS certification verifies Chevron Phillips
Chemical meets the high standards required to hold the certificate, providing
customers of Marlex® Anew™ Circular Polyethylene with added confidence in the
certified circular product. This certification reflects the company’s committed
and growing efforts to create sustainable streams for waste plastics. Chevron
Phillips Chemical’s Cedar Bayou facility in Baytown, Texas, produces Marlex
Anew™ Circular Polyethylene. It is the company’s first location to receive the
ISCC PLUS certification, a status Chevron Phillips Chemical expects to seek as
additional sites are added to the expanding advanced recycling program.
Nexus, a proven leader in converting difficult-to-recycle waste plastics
into pyrolysis oil, has already begun supplying its high-quality, certified
feedstock needed to produce Marlex® Anew™ Circular Polyethylene. Nexus has
successfully obtained ISCC PLUS certification, which combined with Chevron
Phillips Chemical’s ISCC PLUS certification, establishes Marlex Anew Circular
Polyethylene as an end-to-end certified circular product. Jeff Gold, Nexus
founder and chief executive officer, said “Consumers and brands want action, not
promises, that address plastic waste.” Eric Hartz, president and co-founder,
added, “Nexus and CPChem are delivering a real-world solution that is actively
diverting plastic waste from landfills and the environment while generating high
quality products."
The Nexus supply agreement and ISCC PLUS certification
of both companies make Chevron Phillips Chemical well-positioned to further
scale production of its circular polymer and deliver sustainable products for
years to come. Chevron Phillips Chemical is targeting an annual production
volume of 1 billion lbs. of Marlex Anew Circular Polyethylene by
2030.
“The early success and certification of our advanced recycling
program reinforces CPChem’s drive to cultivate a circular economy for plastics,”
said Jay Bickett, vice president of polymers and sustainability at Chevron
Phillips Chemical. “CPChem continues to develop approaches that generate value
from plastic waste and I am confident we will maintain a leadership role in
delivering sustainable solutions long after we achieve our 2030 goal."
As
MRC informed
previously, in March 2018, Chevron Phillips Chemical, part of Chevron Corp,
successfully introduced feedstock and commenced operations of a new ethane
cracker at its Cedar Bayou facility in Baytown, Texas. At peak production, the
unit will produce 1.5 million metric tons/3.3 billion lbs. per year. This unit
is one of the largest and most energy efficient crackers in the world. In
September 2017, the company announced the successful commissioning and start-up
of two new Marlex polyethylene (PE) units in Old Ocean, Texas, based on the
company’s proprietary MarTech technologies. Together, these assets form the bulk
of the company’s US Gulf Coast Petrochemicals Project (USGCPP), which was first
announced in 2011.
Ethylene and propylene are feedstocks for producing PE
and polypropylene (PP).
According to MRC's DataScope report, PE
imports to Russia decreased in January-November 2020 by 17% year on year and
reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the
greatest reduction in imports. At the same time, PP imports into Russia
increased by 21% year on year to about 202,000 tonnes in the first eleven months
of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase
in imports.
Headquartered in San Ramon, California, Chevron Corporation
is the the second-largest integrated energy company in the United States and
among the largest corporations in the world. Chevron is involved in upstream
activities including exploration and production, downstream activities including
refining, marketing and transportation, and advanced energy technology. Chevron
is also invested in power generation and gasification processes. |
