Braven Environmental LLC (Tarrytown, N.Y.; www.bravenenvironmental.com), a market leader in advanced recycling, announced the signing of a long-term offtake agreement with Chevron Phillips Chemical Co. (The Woodlands, Tex.; www.cpchem.com), a global player in the chemical industry and leading supplier of polyethylene. This agreement will provide CPChem with a significant annual volume of ISCC PLUS certified pyrolysis oil, known as Braven PyChem™, from the initial phase of Braven’s forthcoming facility.
This collaboration is the second between CPChem and Braven Environmental, demonstrating a continuing relationship aimed at progressing a circular economy for plastics through advanced recycling technology.
Braven PyChem is produced from plastics diverted from landfills, incinerators and waterways, and integrates easily into the supply chain for the manufacture of virgin plastic and other valuable products. The agreement aligns with CPChem’s strategic focus on advanced recycling technologies and Braven’s vision to construct multiple facilities to deliver Braven PyChem to the market.
Jay Bickett, senior vice president Polymers and Specialties at CPChem, expressed enthusiasm about the relationship: “We are excited to expand our collaboration with Braven Environmental. This agreement progresses our efforts to incorporate advanced recycling technology solutions into our product portfolio and support the development of a circular economy for plastics.”
“We are delighted to continue working with CPChem, a company that shares our vision for a more sustainable future,” said Jim Simon, CEO of Braven Environmental. “This agreement marks a crucial milestone in our mission to provide sustainable solutions and scale our patented pyrolysis process to meet the growing demand for recycled materials. By working together, we can make a substantial impact on reducing plastic waste and promoting a circular economy.”
Following the successful production of PyChem at its demonstration plant in North Carolina, Braven Environmental is expanding its operations to include a multi-unit facility anticipated to be near the U.S. Gulf Coast. Braven’s proprietary and patented pyrolysis process, refined over more than a decade, emphasizes efficiency, flexibility, and ease of deployment, with the goal of establishing numerous facilities across the U.S. and internationally.