The new recycling facility will help process a wide range of waste polypropylene with varying levels of contamination
PureCycle Technologies has announced an initial investment of up to $440m to support the development of its new recycling facility in Georgia, US.
The company has signed an agreement with The Augusta Economic Development Authority to construct its first US cluster facility at the 200-acre location in Augusta Corporate Park.
PureCycle will use the Augusta facility for the production of ultra-pure recycled polypropylene (rPP) from waste polypropylene (PP).
The initial investment will allow the company to build three lines of 130 million pounds of capacity during the first phase of the project. It will help create more than 80 manufacturing jobs in the region.
The licenced technology will be used for the recycling of waste PP into ultra-pure recycled-PP, which can be used in various applications such as consumer goods, automotive, building and construction, and industrial.
PureCycle said that the new facility will enable the company to process a wide range of waste PP with varying levels of contamination.
Also, it will help the company to improve its efficiency to deliver products at scale with an advanced process to produce 130mm pounds per year per processing line.
In addition, the new recycling facility will have an option to construct up to five processing lines.
PureCycle stated that intends to achieve one billion pounds of production across its network by 2025, where it will produce virgin-like rPP from PP.
PureCycle CEO Mike Otworth said: “We’re delighted to be working with the Augusta Economic Development Authority to establish our next polypropylene purification facility.
“Demand for high-quality recycled polypropylene is continuing to outpace supply as brands seek sustainable materials for their products. Our Augusta operation will be pivotal in our quest to help solve the plastics waste crisis.”
The company is already engaged in the construction of a new recycling facility in Ironton, Ohio. It has already pre-sold over 20 years of output.