The supply agreement targets non-curbside waste, expanding PureCycle's current feedstock streams
PureCycle and iSustain will work together to target post-use polypropylene and packaging materials that are not typically recycled. (Credit: PureCycle)
PureCycle Technologies (NASDAQ: PCT) and iSustain Recycling today, announced an agreement to source and divert up to ten million pounds of polypropylene plastic waste from landfills and waterways. iSustain is a sustainability strategist that provides comprehensive recycling solutions to eradicate waste. PureCycle and iSustain will work together to target post-use polypropylene and packaging materials that are not typically recycled.
PureCycle CEO Dustin Olson said, “This agreement is evidence of a great partnership that continues to flourish. In 2022, we teamed up with iSustain to bring sustainable recycling practices to the Plastics Recycling Conference. This deal, however, will have a lasting impact far beyond a single week event. With iSustain’s expansive network, we can use our patented recycling technology to grow beyond curbside materials and also achieve circularity with other polypropylene waste materials.”
iSustain Recycling Vice President of Business Development Mark Huber added, “PureCycle is a game-changing solution for polypropylene plastic waste. Their technology is creating new recycling markets for previously unrecyclable plastic waste. All our customers want to divert more of their plastic from landfills and meet their sustainability goals. PureCycle offers our customers the opportunity to meet their goals and achieve true circularity while doing so.”
PureCycle uses a cutting-edge technology that can remove virtually all contaminants, colors, and odors from polypropylene plastic waste (No. 5 plastic), transforming it into an ultra-pure recycled (UPR) resin that can be used multiple times.
Source: Company Press Release