PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.
The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company. PureCycle’s first commercial-scale purification facility, located in Ironton, Ohio, began commissioning operations in 2021. This plant is designed to process tens of thousands of tons of polypropylene annually, producing UPRP pellets that can be supplied directly to manufacturers of food packaging, consumer products, automotive components and textiles.
PureCycle’s growth strategy emphasizes the development of additional purification plants under long-term offtake and licensing agreements. Beyond its Ohio facility, the company has secured partnerships to build sites in multiple U.S. states and maintains options to expand into Europe and Asia. By licensing its purification technology, PureCycle aims to establish a global network of recycling hubs that address the growing demand for sustainable materials and circular-economy solutions.
Led by a management team with deep experience in chemical engineering, manufacturing scale-up and consumer-goods supply chains, PureCycle Technologies focuses on bridging the gap between mechanical recycling and the performance requirements of high-end polymer applications. The company’s approach aligns with corporate sustainability initiatives worldwide and seeks to reduce plastic waste by returning recycled polypropylene to the mainstream supply chain without compromising quality.
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