SECTION 1
RESIN SOURCING FOR THE SECOND CONSECUTIVE YEAR, Novolex increased the use of bio-based resins across our portfolio*. In 2022, recycled content from both post-consumer (PCR) and post-industrial (PIR) sources was 21% of total resin purchased. While North American PCR resin volume increased, total PCR declined slightly, from 4% in 2021 to 3% in 2022, due in part to supply challenges following the introduction of the UK plastics tax in 2022.
2022 RESIN SOURCING POLYETHYLENE (PE) FILM CIRCULARITY
2022
In 2022, we announced a $10 million investment to increase recycling capacity at our North Vernon, Ind., recycling facility. With this investment, we’ve set a target to double
3%
18%
2%
77%
the volume of PCR PE films that we recycle in North Vernon by the end of 2024.
2021 4%
24%
2%
70%
2020
“Our investment in recycling capacity in Indiana reflects the Novolex 4%
20%
76%
commitment to support the circular economy. The technology will reduce
PCR RESIN
POST-INDUSTRIAL RESIN
BIO-BASED RESIN
VIRGIN RESIN
waste and provide much-needed recycled content that we will be able
*2% is the same figure reported in 2021. Total bio-based resin pounds and the percentage of our total resin volume made up by those resins both increased in 2022.
to use in our products.” – ADRIANNE TIPTON, PhD CHIEF TECHNOLOGY OFFICER
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