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    PureCycle Technologies signs MOU with Japanese investment company Mitsui

    PureCycle Technologies, a company that revolutionizes polypropylene recycling, is a Japanese investment company with a diverse business portfolio as the first step in developing a recycling facility in Japan to convert polypropylene (PP) waste. Signed a memorandum of understanding (MOU) with Bussan. For ultra-high purity recycled polypropylene (UPRP).

    Mitsui’s expertise will position PureCycle very well in Japan and expand its business globally. Mitsui will facilitate pre-construction on-site operations and will be an integral part of PureCycle’s work in Japan. The MOU with Mitsui follows the successful update of PureCycle in the second quarter of 2021. Construction of the flagship recycling facility in Ironton, Ohio is on track, with commercial production scheduled to begin in the fourth quarter of 2022, and the company recently announced the location of its first cluster facility in Augusta, Georgia. PureCycle said in a media statement. ..

    PureCycle has already pre-sold more than 20 years of UPRP output from the Ohio plant, allocating 40% of its second plant in Augusta to customers at the Ohio facility. PureCycle sees strong demand from premium brands such as L’Oréal trying to deliver recycled content to premium applications without sacrificing quality.

    PureCycle Technologies, a company that revolutionizes polypropylene recycling, is a Japanese investment company with a diverse business portfolio as the first step in developing a recycling facility in Japan to convert polypropylene (PP) waste. Signed a memorandum of understanding (MOU) with Bussan. For ultra-high purity recycled polypropylene (UPRP).

    “We believe that Mitsui is PureCycle’s best partner and will help us lead and navigate the process of building ultra-high purity recycled polypropylene plants in Japan. In collaboration with Mitsui, worldwide. We are one step closer to our goal of reducing plastic waste and revolutionizing the way people use plastic products. Why should polypropylene waste be recycled into ultra-high purity and sustainable polypropylene? is not.” PureCycle CEO, Mike Otworth Said in a statement.

    “Mitsui recognizes sustainability management and ESG evolution as key areas of corporate strategy. Through this new joint project with PureCycle, Mitsui will reduce plastic waste overall and the Japanese circular economy. We aim to contribute to the establishment of a more sustainable society by securing plastic waste as a raw material, manufacturing recycled PP resin, and expanding its application to consumer goods, food containers, and automobile interior materials. We aim to make a meaningful contribution to the creation of. ” Hiroshi Kakiuchi, Managing Executive Officer, Performance Materials Division, Mitsui & Co., Ltd. Said.

    Fiber2Fashion News Desk (GK)

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    PureCycle Technologies signs MOU with Japanese investment company Mitsui

    Source link PureCycle Technologies signs MOU with Japanese investment company Mitsui

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