PureCycle, Mitsui to build ultra-pure recycled polypropylene plant in Japan

4:41 AM, 20th September 2021
Construction on the flagship Ironton, Ohio PureCycle recycling facility is well underway and expected to begin commercial production in the fourth quarter of 2022. (Representative Image/File Photo)

ORLANDO, US: PureCycle Technologies Inc, a company into polypropylene recycling, said it has signed a memorandum of understanding (MOU) with Mitsui & Co Ltd (Mitsui), a global trading and investment company based in Tokyo, as a first step to developing and operating a recycling facility in Japan to transform polypropylene (PP) waste into Ultra-Pure Recycled Polypropylene (UPRP).

Mitsui’s expertise will position PureCycle very well in Japan and will expand operations globally. Mitsui will help facilitate the pre-construction, on-the-ground operations and will be an integral part of PureCycle’s work in Japan.

The MOU with Mitsui comes on the heels of PureCycle’s successful second quarter 2021 update. Construction on the flagship Ironton, Ohio PureCycle recycling facility is well underway and expected to begin commercial production in the fourth quarter of 2022.

PureCycle is seeing strong demand from premium brands, like L’Oréal, who are looking to deliver recycled content into premium applications without sacrificing quality.

“We believe Mitsui is the best partner for PureCycle to help us lead and navigate the process of building an ultra-pure recycled polypropylene plant in Japan,” said Mike Otworth, PureCycle CEO, “Through the collaboration with Mitsui, we are now one step closer to our goal of reducing plastic waste across the world and revolutionizing the way people use plastic products.”

“Mitsui has identified ‘sustainability management and the evolution of ESG’ as key areas of its Corporate Strategy,” said Hiroshi Kakiuchi, managing officer, chief operating officer of the Performance Materials Business Unit at Mitsui, “Through this new joint project with PureCycle, Mitsui aims to contribute to the overall reduction of plastic waste and the establishment of a circular economy in Japan. By securing plastic waste as the raw material, manufacturing recycled PP resin, and expanding the applications of the material for consumer goods, food containers and automobile interiors, Mitsui aims to make a meaningful contribution to the creation of the more sustainable society.”

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