ExxonMobil on 24^th February announced in a news release, about its first commercial sale of certified circular polymers, which is based on the Exxtend technology for improved recycling of plastic waste. the buyer is Berry Global, which uses circular polymers to make containers for high-performance food-grade packaging using a mass balancing technique. Exxtend technology helps consumers recycle a wider range of plastic materials while retaining product performance across several recycling loops. The approved circular polymers have the same product quality and performance as polymers made from virgin raw materials, allowing for a wider range of customer applications.

ExxonMobil's advanced recycling facility is situated in Baytown, Texas. Since its inception in 2021, the plant has processed more than 4 million pounds of plastic garbage. Once, its expansion is completed later this year, the Baytown facility will be one of North America's largest advanced plastic waste recycling operations, with a capacity to recycle 30,000 metric tonne of plastic garbage. ExxonMobil’s advanced recycling capabilities can be easily scaled to recycle a wide range of plastic trash by leveraging the company's existing facilities.

Advanced recycling can assist consumers in achieving their sustainability objectives and speeding up the transition to a more circular economy. The International Sustainability and Carbon Certification Plus (ISCC PLUS) is widely regarded in the industry as a reliable system for certifying product circularity based on enhanced recycling and mass balance attribution of plastic waste.

As per ChemAnalyst, “prices for Recycled polymers are expected to go up in the next months. The market demand for Recycled polymers food grade is predicted to rise because of major FMCG firms' commitments to use recycled content in packaging. The strong demand for packaged goods is predicted to drive up the usage. Meanwhile, a rise in natural gas energy prices in the European region is predicted to raise the cost of converting virgin to recycled material. “