PureCycle Technologies, Inc.

PureCycle Technologies, Inc. is a U.S.-based company dedicated to revolutionizing plastic recycling. Its core business involves transforming polypropylene (PP) plastic waste into ultra-pure recycled (UPR) resin with virgin-like properties, utilizing a patented purification process originally licensed from Procter & Gamble. The company's mission is to convert plastic waste into a renewable resource, thereby fostering a circular economy for plastics. PureCycle's corporate headquarters are situated in Orlando, Florida.

The company's flagship product is PureFive® resin, an ultra-pure recycled polypropylene that is virtually indistinguishable from new plastic. This high-quality resin is suitable for demanding applications such as food packaging, automotive components, consumer goods packaging, and textiles, addressing a critical need for advanced recycled PP in various industries. Beyond resin production, PureCycle also licenses its purification technology and is involved in sourcing and processing feedstock.

PureCycle Technologies is in an active growth phase, with its first commercial-scale purification facility in Ironton, Ohio, consistently producing significant volumes of PureFive® resin. The company is pursuing global expansion, with plans for additional facilities in Augusta, Georgia, and exploring sites in Europe, specifically Antwerp, Belgium, and Asia, with a project in Thailand. Recent collaborations include partnerships with Plastic Ingenuity for sustainable coffee lids and TOPPAN for flexible films and thermoformed packaging, both utilizing PureFive® resin. Dustin Olson has served as the Chief Executive Officer since August 2022.