15 Jul 2022 --- This week in industry news, Nexus Circular and Braskem signed a detailed Memorandum of Understanding (MoU) to secure the production output from a new advanced recycling facility in the US. Meanwhile, Smurfit Kappa supported the Kingscote Estate and Vineyard in West Sussex, UK, with an environmentally sustainable packaging solution to drive online sales. Also, Neste received a positive grant decision for up to €135 million (approximately US$135 million) from the EU Innovation Fund to build chemical recycling capacities at its Porvoo refinery in Finland. In brief: Film developmentsNexus Circular and Braskem signed a detailed MoU to secure the production output from a planned advanced recycling facility near Chicago, Illinois, US. The new facility will have an initial capacity to convert over 30,000 metric tons annually of used plastic into new materials, with the potential to rapidly expand the processing capacity to over 120,000 metric tons annually.
