PureCycle Technologies
PureCycle Technologies specializes in recycling polypropylene plastic waste into ultra-pure recycled resin, using a patented technology licensed from Procter & Gamble and operates its first facility in Ironton, Ohio.
Recycling Technology & Process
PureCycle Technologies uses a patented recycling process to transform polypropylene plastic waste into ultra-pure recycled resin. This technology, licensed from Procter & Gamble, is distinctive in its ability to separate color, odor, and contaminants from plastic waste feedstock, thereby producing high-quality recycled plastic. The result is No. 5 plastic waste being converted into ultra-pure recycled plastic that can be reused multiple times, promoting a sustainable and circular economy for plastics.
Stock Market Presence
PureCycle Technologies is publicly traded and listed on the Nasdaq capital market under the ticker symbol PCT. This listing allows the company to attract investment to further scale its innovative recycling operations and technologies. Trading on such a prominent exchange highlights the company's commitment to transparency and its solid reputation in the field of sustainable technology.
Facilities & Production
The first purification facility operated by PureCycle Technologies is located in Ironton, Ohio. This facility became operational in 2023, marking a significant milestone in the company's journey. It produced its first pellets in the same year, showcasing the effectiveness of their proprietary recycling process on a commercial scale. The success of this facility plays a crucial role in PureCycle's mission to deliver high-quality recycled plastics.
PureZero Program
PureCycle Technologies launched the PureZero Program, which is the first zero plastic waste program aimed specifically at the sports and entertainment industries. This initiative underscores the company's dedication to reducing plastic waste by not only producing recycled plastics but also encouraging industries to adopt more sustainable practices. The program is a significant step towards achieving a zero-waste future and showcases PureCycle's leadership in environmental sustainability.
Circular Economy for Plastics
PureCycle Technologies aims to create a circular economy for plastics, making recycled plastics more accessible and sustainable at a large scale. By transforming polypropylene plastic waste into ultra-pure recycled resin, the company helps to close the loop on plastic usage, reducing dependence on virgin plastic production and minimizing environmental impact. This ambition aligns with global sustainability goals and positions PureCycle at the forefront of the recycling industry.