Cox Enterprises, focused on building the world's most innovative businesses in cleantech and environmental sustainability, led the round and will become the majority owner. These funds will support efforts to deliver on recycled-plastic commitments by accelerating the expansion of Nexus Circular's market-leading advanced recycling process. Nexus has consistently produced, and commercially sold, high-quality, ISCC PLUS certified circular products made from landfill-bound plastics, diverting over seven million pounds to date.

Nexus Circular is an advanced recycling company at the center of the plastics circular economy. Nexus accelerates plastic recycling so that people, economies, and the environment can thrive. Nexus believes it has a market-leading, environmentally efficient, and scalable solution. Using its proprietary end-to-end solution, Nexus works with recycling organizations to capture used plastics, especially hard-to-recycle films, from landfills and has already diverted millions of pounds of plastics. By leveraging efficient technology, operations that scale, and people that deliver, Nexus Circular's proprietary technology and leading process design converts used plastics into clean high-quality, ISCC Plus certified circular products for global companies who convert them to virgin-equivalent plastics to meet their recycled content goals. Nexus believes it is on a trajectory to convert billions of pounds of hard-to-recycle plastics into circular materials to support their global partners' 2025-2030 sustainability commitments. Nexus Circular. Advanced Recycling. Accelerated.