The Plastics-to-Fuel and Petrochemistry Alliance announced that it has changed its name to The Chemical Recycling Alliance (TCRA) and added three new members. The expanding membership demonstrates the wide range of economic and environmental potential of these technologies.

“Advanced recycling and recovery technologies, such as chemical recycling, present a critical and tremendous opportunity for the entire plastics value chain. Members of the American Chemistry Council’s Plastics Division have committed to recycling or recovering all plastic packaging in the United States by 2040, and TCRA technology providers will play an important role in realizing that goal,” said Craig Cookson, senior director, recycling and recovery.

“A recent report found that many chemical recycling technologies are still in a nascent phase, but can reach scale with strategic investments and new, vertically-integrated business models.”

TCRA’s newest members are Sealed Air Corporation, New Hope Energy, and Golden Renewable Energy, LLC. The companies join chemical recycling technology providers Agilyx Corporation, Renewlogy, and RES Polyflow (now Brightmark Energy) and associate members Americas Styrenics LLC and Tetra Tech, Inc.