LONDON and NEW YORK, Aug. 8, 2023 /PRNewswire/ — ICIS is pleased to announce Jodie Morgan, CEO of Nexus Circular, as the winner of the 2023 ICIS Emerging Leader Award.
The award recognises a leader whose early contribution has driven excellence within their organisation, demonstrating strong leadership and making meaningful contributions to the chemical sector.
“We are leading the advanced recycling industry, making a positive impact addressing the challenges of used plastics in our environment,” said Jodie Morgan, CEO of Nexus Circular.
“With the support of committed investors and strategic offtake partners, our team is rapidly executing the next phase of growth to accelerate the circular economy for plastics and meet the outsized market demand for products that incorporate recycled plastic,” she added.
Since her appointment as CEO of Nexus Circular in November 2021, Morgan has overseen an equity raise of over $150 million, the securing of long-term contracts to supply pyrolysis oil feedstock to major polymers producers to produce circular virgin-quality plastics that offset fossil-based resources, and the expansion of manufacturing capacity at two sites.
“Nexus is playing a key role in the recycling ecosystem, with its technology able to process hard-to-recycle plastic waste, including films. Scaling up capacity will make a meaningful impact in enabling circularity,” said Joseph Chang, global editor of ICIS Chemical Business.
Morgan will receive the ICIS Emerging Leader Award later this year and appear in a video interview with ICIS following the ICIS Recycled Polymers Conference in Chicago, Illinois, US taking place from 7-8 November.
Atlanta, Georgia-based Nexus Circular utilises a proprietary pyrolysis technology and energy-efficient process to convert landfill bound plastics, predominantly films and flexible packaging, into a high quality ISCC PLUS certified pyrolysis oil. This can be fed directly into existing petrochemical assets and infrastructure without the need for post-treatment or further upgrading.
Nexus’ advanced recycling process can utilise high density polyethylene (HDPE), low density PE (LDPE), polypropylene (PP) and polystyrene (PS) waste plastics which represent approximately 60% of the plastic types produced.
Nexus Circular has multi-year offtake agreements with Shell, Chevron Phillips Chemical, Braskem and LyondellBasell. In January 2021, Cox Enterprises invested an additional $150 million to facilitate the rapid scaling of Nexus’ capacity which includes the expansion of the Atlanta, Georgia facility and the construction of a second facility in the Southeast.
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £47bn and an employee base of over 35,000 experts across 40 countries.
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £48.4bn, €56.2bn, $61.8bn.