Nexam Chemical’s Reactive Recycling technology moves into recurring monthly orders
12/10/2024
Nexam Chemical’s innovative Reactive Recycling additives, designed to enhance the performance and cost-effectiveness of recycled plastics, have now progressed beyond industrial trials to full-scale commercial implementation. A key customer has now validated the business case by rapidly transitioning to recurring monthly orders, confirming the technology’s ability to deliver substantial value.
This specific customer leverages Nexam’s unique additives to incorporate a larger share of lower-grade recycled raw materials into their production process, achieving a significant reduction in raw material costs. For this specific customer, using Nexam Chemical’s additives has generated double digit cost savings and significant process improvements. Depending on the customer’s existing raw material mix, cost savings of 25% are not uncommon when implementing Reactive Recycling technology.
Ongoing orders from this customer, focused on one specific application, are projected to generate annual revenues of approximately 4 MSEK. This milestone underscores the commercial viability of Nexam’s Reactive Recycling technology and its growing contribution to sustainable plastic recycling practices.
“This step marks a significant achievement for both our customer and Nexam Chemical,” says Ronnie Törnqvist, CEO of Nexam Chemical. “It’s a testament to the power of our technology to improve both sustainability and profitability for manufacturers. We are proud to be driving the transformation towards more efficient and financially viable use of recycled plastics at an industrial scale.”
Nexam Chemical continues to innovate within the field of Reactive Recycling, collaborating with industry leaders to push the boundaries of what is possible in plastic recycling.
Note: This news has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For more information, please contact:
Ronnie Törnqvist, VD, +46-706 25 41 85, ronnie.tornqvist@nexamchemical.com