Cyclyx welcomes Sealed Air as newest member of consortium
PORTSMOUTH, New Hampshire, USA, April 13, 2022 – Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced Sealed Air (NYSE: SEE), has joined the consortium. Dr. Ron Cotterman, vice president of sustainability innovation and strategy at SEE will be joining the group’s executive advisory board (EAB).
SEE is a leading global provider of packaging solutions that protect essential goods transported worldwide, protect food, and enable supply chains to continue operations with increased resiliency. A critical challenge facing the packaging industry is demonstrating the circularity of materials that are complex and difficult to recycle. SEE is investing in circularity including advanced recycling technologies to collect, sort, and recycle packaging materials. It is also advocating for the infrastructure to enable these technologies.
SEE has pledged to advance or design 100% of its solutions to be recyclable or reusable by 2025 and have those solutions contain on average 50% recycled or renewable content. Details about how SEE is developing and adopting new solutions to ensure a circular economy for plastics are included in its Global Impact Report.
SEE will leverage Cyclyx’ customized takeback programs to increase material recovery and other innovations, allowing for higher amounts of recycled content in its products in the future.
“By joining the Cyclyx consortium, we are building on our goals to innovate solutions and create a better circular economy for the essential plastics our society relies on every day,” said Cotterman. “We know this cannot be accomplished alone, and are proud to join this consortium that brings together key stakeholders to collaborate for better circular economy solutions.”
“We are excited to welcome SEE to the Cyclyx consortium and Dr. Cotterman to the EAB,” stated Joe Vaillancourt, CEO of Cyclyx. “SEE’s commitment to advancing a circular economy for plastic and dedication to helping its customers to lower their carbon footprints are in line with the mission of everything that Cyclyx is trying to do. Their membership will be a great addition in our effort to help drive the recycling rate of plastic from 10% to 90%.”
Contacts
Melanie Burger
Cyclyx, Director of Corporate Communications
mburger@cyclyx.com
Christina Griffin
SEE Media Relations
+1 704 430 5742
christina.griffin@sealedair.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.
About Sealed Air
Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions systems help promote a safer, more resilient and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, and SEE™ Touchless Automation™ solutions.
SEE’s Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.
We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are also committed to a diverse workforce and inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.
SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories. To learn more, visit sealedair.com.