Amcor announced a Memorandum of Understanding (MOU) with NOVA Chemicals Corporation for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor's commitment to support packaging circularity. The supply agreement would enable Amcor to purchase SYNDIGO(TM) rPE resin, manufactured at NOVA Chemicals' first mechanical recycling facility in Connersville, Indiana, which is projected to be in operation as early as 2025. The recycling facility was announced in July as a significant expansion of NOVA Chemicals' Circular Solutions business.

NOVA Chemicals plans to expand its recycling footprint across North America over the next several years to help reach its ambition of 30% share of total PE sales from products containing recycled content.