PureCycle signs agreements: Will expand by building plant in Europe
The Lawrence County-based PureCycle Technologies is partnering with a packaging specialist, Aptar Group, to make packaging for food products in Europe.
PureCycle will recycle industrial polypropylene scraps in a process licensed from The Procter & Gamble Company. The facility will convert dirty feedstock into virgin-like polypropylene, without any color or contaminants, for use in a variety of products.
The companies said in a press release that over the next three years, Aptar will collaborate with and provide critical feedback to PureCycle regarding the transformation process of its UPRP and will cooperate with PureCycle in preparing its recycled materials to meet food grade requirements in Europe.
“This is not only a technical validation of our process, but a commercial validation of our model that plastic waste is valuable and we as a society must act now to make plastics recycling a reality,” said Mike Otworth, CEO of PureCycle Technologies.
PureCycle started up its feedstock evaluation unit in Haverhill, at the old Dow Chemical site, in partnership with P&G in 2015.
The company is now scaling up, expecting to start construction on its first recycling plant in Lawrence County soon. The Lawrence County Port Authority signed off on a bond agreement allowing a bond of up to $250 million for the company to buy equipment.
The plant will have the capacity to recycle over 119 million pounds of polypropylene and to produce 100 million pounds of UPRP per year, starting in 2021.
With the Ohio plant’s capacity sold out two years ahead of start-up, PureCycle is planning for a second plant, this time in Europe, to keep up with demand.
PureCycle struck a major deal with beauty brand L’Oreal in July for the full subscription of its Ohio plant’s capacity with the option for L’Oreal to be among the first purchasers of volume out of its plant in Europe.
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