Dow has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR). This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 55,116 tons (50,000 tonnes) per year. Dow expects the transaction to close in Q3 2024, subject to customary regulatory approval.
“This acquisition will allow Dow to combine our company’s materials science technology with Circulus’ film recycling expertise to accelerate progress toward our 2030 Transform the Waste goal,” said Karen S. Carter, president of packaging and specialty plastics at Dow. “It will also expand how we participate in the industry, allowing us to generate value for our customers by directly producing more higher performing circular products that brands and consumers are demanding.”
Dow’s experience in materials science and high-performance resins, combined with Circulus’ mechanical film recycling capability, will allow Dow to enhance its offerings in applications such as collation shrink packaging, stretch film, liners, and select food packaging, to a wider range of applications in the industrial, consumer, and transportation markets.
“The Circulus team is excited to move forward with Dow in advancing a circular economy. Circulus leverages the best technology available to advance the recycling of plastic packaging waste,” said Mike Dulin, chief executive officer of Circulus. “Our leadership team brings more than 65 years of combined experience in the recycling and plastics industries, resulting in high quality and sustainably produced resins, suitable for upcycled applications.”
This transaction supports Dow’s efforts to transform plastic waste and other forms of alternative feedstocks into 3.31 million tons (3 million tonnes) of circular and renewable solutions annually by 2030. To do this, Dow is building industrial ecosystems to collect, reuse, or recycle waste and expand its portfolio to meet rapidly growing demand.
