Dow signed an agreement to acquire Circulus, recycler of plastic waste into post-consumer resin (PCR). The transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024.
“This acquisition will allow Dow to combine our Company’s industry leading materials science technology with Circulus’ film recycling expertise to accelerate progress towards our 2030 Transform the Waste goal,” said Karen S. Carter, President, Packaging and Specialty Plastics.
Carter added, “It will also expand how we participate in the industry, allowing us to generate value for our customers by directly producing more higher performing circular products that brands and consumers are demanding”.
As per the press release, Dow’s expertise in materials science and high-performance resins combined with Circulus’ mechanical film recycling capability will allow Dow to enhance its offerings in applications, such as collation shrink packaging, stretch film, liners and select food packaging, to a wider range of applications in the industrial, consumer, and transportation markets.
“The Circulus team is excited to move forward with Dow in advancing a circular economy. Circulus leverages the best technology available to advance the recycling of plastic packaging waste,” said Mike Dulin, CEO, Circulus.
Dulin added, “Our leadership team brings more than 65 years of combined experience in the recycling and plastics industries, resulting in high quality and sustainably produced resins, suitable for upcycled applications”.
