Circulus
Circulus transforms olefin plastics into high-quality resins for various commercial and industrial applications, utilizing advanced mechanical recycling solutions to keep plastics out of landfills and oceans.
Company Overview
Circulus specializes in transforming olefin plastics into high-quality resins suitable for various commercial and industrial applications. Utilizing advanced mechanical recycling processes, Circulus ensures that post-consumer plastics are repurposed efficiently, keeping large volumes of waste out of landfills, incinerators, and oceans. The company's cutting-edge recycling technologies enable the production of CIRCA™ resins, which are clean and contaminate-free.
Advanced Recycling Technology
Circulus employs mechanical recycling solutions that are cleaner and more efficient compared to chemical processes. The company utilizes a closed-loop recycling system designed for LDPE plastics, ensuring the sustainable production of high-quality resins. Their facilities, which boast a production capacity of over 200 million pounds annually, prioritize environmental responsibility by using zero-emissions hydroelectricity and reusing approximately 85% of water consumed in the recycling process.
CIRCA™ Resin Products
Circulus produces CIRCA™ resins which are characterized by their high quality, free from contaminants, and capable of being recycled at scale. These resins meet FDA certification standards for direct-food-contact packaging applications. The CIRCA™ resins have diverse applications including shrink and stretch films, overwraps for water bottles, shampoo bottles, cosmetic tubing, plastic parts, lawn edgings, and composite decking.
Partnerships and Financial Backing
Circulus is majority owned by Ara Partners, a private equity firm focusing on decarbonization investments. The company has also secured significant financial backing, including structured capital from funds managed by Apollo Global Management and a $100 million credit facility through Riverstone Credit Partners. These financial resources support Circulus' growth and expansion across North America. Additionally, Circulus maintains a long-term agreement with NOVA Chemicals to supply recycled polyethylene.
Sustainable Practices
Circulus is committed to sustainability, as demonstrated by their zero-emissions energy usage and high water reuse rate. All forklifts and mobile equipment at their facilities are electric powered. Circulus' recycling processes meet stringent ASTM standards and aim to reduce the company's carbon footprint while meeting the domestic demand for post-consumer resin. Future plans include sourcing zero-carbon and renewable electricity for their facilities.