PORTSMOUTH, New Hampshire, USA, January 20, 2022 - Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Dow (NYSE: DOW) has joined the Cyclyx consortium.
As a leading materials science company, Dow is at the forefront in driving the transformational change that is needed to tackle the existential threats of climate change and environmental degradation.
Dow's membership in Cyclyx will give it access to participate in customized takeback programs and innovations including plastic waste-based circular feedstock specifications tailored to its specific product pathways - which will help Dow to advance its sustainability and circularity goals.
Mary-Jane Hogg, global director of waste strategy for Dow, will serve on the executive advisory board of Cyclyx.
"Cyclyx's unique approach to significantly increase plastic recycling rates supports Dow's commitment to boost plastic circularity and keep plastic out of the environment," said Hogg.
Cyclyx redirects more difficult to recycle plastic into recycling by tapping into extensive data on the chemical composition of post-use plastics and using AI and predictive analytics to put it to use.
"Our work with Cyclyx supports Dow's collaboration on leading technologies to enable a sustainable future with resource-efficient production of certified circular plastics - to preserve the environmental benefits of plastics, including the critical role plastics play in reducing carbon emissions," said Hogg.
Dow's sustainability journey began more than 30 years ago, and today the company is delivering against its 2025 Sustainability Goals, its third generation of 10-year goals, developed in alignment with the United Nations Sustainable Development Goals, and also recently announced additional targets directed specifically at addressing climate change and plastic waste.
"We're excited to welcome Dow to Cyclyx and Mary-Jane to the executive advisory board," stated Joe Vaillancourt, CEO of Cyclyx. "Dow has been very progressive in its commitment to environmental sustainability. Dow's targets on eliminating plastic waste in the environment align well with Cyclyx's mission to increase the recycling rate of plastics from 10% to 90%."
About Cyclyx International, LLC.
Cyclyx International, LLC. ("Cyclyx") is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company's mission is to increase the recycling rate of plastics from 10% to 90% by using Cyclyx's expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
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Dow Inc. published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2022 13:20:05 UTC.