{"id":13371,"date":"2022-11-08T16:26:00","date_gmt":"2022-11-08T16:26:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3929602_AE29602_0"},"modified":"2022-11-08T16:26:00","modified_gmt":"2022-11-08T16:26:00","slug":"ascend-buys-majority-stake-in-recycler-circular-polymers","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=13371","title":{"rendered":"Ascend buys majority stake in recycler Circular Polymers"},"content":{"rendered":"\n\n\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Deal underscores Ascend’s commitment to low-carbon polyamides and engineered materials.<\/i><\/p>\n

HOUSTON<\/span>, Nov. 9, 2022<\/span> \/PRNewswire\/ — Ascend Performance Materials has purchased a majority stake in California<\/span>-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne\u2122 sustainable polyamides<\/a>, launched at K 2022.<\/p>\n

\"Workers<\/a>
Workers at Circular Polymers by Ascend’s Lincoln, California, recycling facility process post-consumer carpet into high-quality recycled polymers. Since 2018, Circular Polymers has diverted 85 million pounds of waste from the landfill.<\/span> <\/div>\n

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.<\/p>\n

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt<\/span>, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”<\/p>\n

Ascend, a fully integrated producer of durable materials, has a sustainability strategy based on three pillars: empowering people, innovating solutions and operating without compromise.<\/p>\n

Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030 and recently announced two new efforts to reduce the carbon footprint of its products<\/a>.<\/p>\n

David Bender<\/span>, founder and CEO of Circular Polymers, will hold the remaining equity and stay on as CEO of the company.<\/p>\n

“Since 2018, we have focused on improving the sourcing and processing of post-consumer high-performance polymers,” said Mr. Bender. “Having Ascend on board will accelerate our growth and ensure these materials go back into new long-term, high-performance applications.” <\/p>\n

Further details of the deal were not disclosed.  <\/p>\n

About Ascend Performance Materials<\/a><\/b><\/p>\n

Contact: Ally Jahn<\/span>, +1 713-210-9809, ajahn@ascendmaterials.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Deal underscores Ascend’s commitment to low-carbon polyamides and engineered materials. HOUSTON, Nov. 9, 2022 \/PRNewswire\/ — Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials […]<\/p>\n","protected":false},"author":8,"featured_media":13372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-13371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nAscend buys majority stake in recycler Circular Polymers - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=13371\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascend buys majority stake in recycler Circular Polymers - My Blog\" \/>\n<meta property=\"og:description\" content=\"Deal underscores Ascend’s commitment to low-carbon polyamides and engineered materials. HOUSTON, Nov. 9, 2022 \/PRNewswire\/ — Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). 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