Nexus Circular Secures $150 Million To Accelerate Momentum Of Advanced Recycling Solution For Plastics

Today, Nexus announced it has agreed to terms for an equity raise of $150 million. Cox Enterprises, focused on building the world's most innovative businesses in cleantech and environmental sustainability, led the round and will become the majority owner. These funds will support efforts to deliver on recycled-plastic commitments by accelerating the expansion of Nexus Circular's market-leading advanced recycling process. Nexus has consistently produced, and commercially sold, high-quality, ISCC PLUS certified circular products made from landfill-bound plastics, diverting over seven million pounds to date.