Ascend: Majority stake in recycler Circular P...

Majority stake in recycler Circular Polymers

(Source: Ascend)
(Source: Ascend)

In a deal that provides the company with a consistent supply of high-quality PCR materials, Ascend has purchased a majority stake in Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66 (PA 6, PA 66), polypropylene (PP) and polyester (PET). David Bender, founder and CEO of Circular Polymers, will hold the remaining equity and stay on as CEO of the company.
Circular Polymers, Lincoln, CA/USA, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet using a unique technology and has redirected approx. 85 million pounds (approx. 38.6 million kg) of waste from landfills into new goods since 2018.
»Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.«
Phil McDivitt, President and CEO, Ascend
Ascend Performance Materials LLC, Houston, TX/USA, a fully integrated producer of durable materials, has a sustainability strategy based on 3 pillars: empowering people, innovating solutions and operating without compromise. Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis. The deal means a consistent supply of its ReDefyne sustainable polyamides. Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030 and recently announced 2 new efforts to reduce the carbon footprint of its products.
ReDefyne = trademark

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