Ascend Performance Materials Buys Majority Stake in Circular Polymers
Acquisition secures supply of PCR.
has acquired a majority stake in Circular Polymers, a California recycler of post-consumer materials including PA, PP, and PET. The move secures a consistent supply material for Ascend’s Redefyne polyamides, recently launched at K Show 2022.
Post-consumer carpet is a source material for Circular Polymers.
Photo Credit: Ascend Performance Materials
Circular Polymers, now renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.
“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend.
Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030. In October, the company announced that it had successfully made its global compounding operations carbon neutral, and secured for the use of bio-based materials.
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