PureCycle Technologies, Inc. (NASDAQ: PCTTU) is a sustainable materials company focused on the purification and recycling of polypropylene waste. Utilizing a proprietary solvent-based purification technology licensed from Procter & Gamble, PureCycle transforms post-consumer and post-industrial polypropylene into Ultra-Pure Recycled Polypropylene (UPRP). This high-quality recycled resin closely mimics the properties of virgin polypropylene, enabling manufacturers to reduce their reliance on fossil-based plastics without compromising performance.
The company’s primary product, UPRP, is marketed to packaging producers, consumer goods manufacturers and other end-users seeking to integrate sustainable materials into their supply chains. PureCycle also offers technology licensing agreements, allowing third parties to deploy its recycling process at additional sites around the world. By providing both finished resin and a replicable process, the company aims to accelerate the adoption of closed-loop polypropylene recycling on a global scale.
PureCycle’s first commercial-scale purification facility is located in Ironton, Ohio, where commissioning activities began in 2022. The initial plant was designed to process over 136 million pounds of polypropylene feedstock per year. In addition to serving North American customers, PureCycle has signaled plans for future facilities and licensing partnerships in Europe and Asia, positioning the company to expand its footprint across key manufacturing regions.
Founded in 2015 and headquartered in Orlando, Florida, PureCycle went public in March 2021. The company’s leadership team comprises professionals with experience in chemical engineering, polymer science and sustainability-driven manufacturing. With its unique recycling technology and growing production capacity, PureCycle Technologies seeks to address the escalating demand for circular-economy solutions in the plastics industry.
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