Sonoco Joins Cyclyx as Newest Member
PORTSMOUTH, New Hampshire, USA, September 16, 2021 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, and Sonoco (NYSE: SON), one of the largest diversified global packaging companies, have announced that Sonoco has become a member of the Cyclyx consortium.
Sonoco’s mission is to create sustainable packaging solutions that help build their customers’ brands, enhance the quality of their products and improve the quality of life for people around the world. With this in mind, Sonoco has pledged to recycle, or cause to be recycled, 85% equivalent by weight of the products that they are putting into the marketplace. In addition, Sonoco has pledged to ensure that 75% of its global rigid plastic packaging is capable of making the relevant on-package recyclable claim. By joining Cyclyx, Sonoco will gain access to a range of services that will help it to deliver on these pledges, including design and execution of programs to help facilitate increased collections and recycling rates for difficult post-consumer plastics streams.Sonoco supports its sustainability goals with a commitment to vertical integration and a hands-on recycling infrastructure under its subsidiary, Sonoco Recycling. Operating and continually improving its network of materials recovery facilities (MRFs) and services in the U.S. enables Sonoco Recycling to offer comprehensive end-of-life solutions for post-use plastic. Through its Sonoco Sustainability Solutions (S3) consulting platform, Sonoco Recycling provides businesses with customized waste reduction programs designed to decrease waste materials going to landfills, reduce environmental impacts and increase sustainability efforts. “Joining Cyclyx represents another step forward in our journey to lead the world’s transition to sustainable packaging solutions,” said Elizabeth Rhue, staff vice president of sustainability at Sonoco. “We are pleased to work with Cyclyx to drive increased recycling of previously difficult to recycle plastics.”
“We’re happy to welcome Sonoco to the consortium,” stated Joe Vaillancourt, CEO of Cyclyx. “With their commitment to sustainability and their innovative programs designed to help brands achieve landfill-free status, Sonoco’s membership will help to advance our mission to increase plastic recycling rates from 10% to 90%”
Contacts
Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
Sonoco
Roger Schrum
VP, Investor Relations & Corporate Affairs
+1 843 339 6018
roger.schrum@sonoco.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help 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 Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging. With annual net sales of approximately $5.2 billion, the Company has 19,000 employees working in approximately 300 operations in 34 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company was listed as one of Fortune’s World’s Most Admired Companies for 2021 as well as being included in Barron’s 100 Most Sustainable Companies for the third year in a row. For more information, visit www.sonoco.com.
