PureCycle Technologies, Inc.

PureCycle Technologies, Inc. is a Florida-based corporation focused on commercializing a patented dissolution recycling technology for polypropylene. This technology physically separates the polymer from other plastics, colors, odors, and impurities. Originally developed by P&G, the technology is designed to restore recycled polypropylene waste into like-new resin, called PureFive® resin. PureFive® resin has similar properties and applicability for reuse as virgin polypropylene. The company holds a global license for this technology from P&G. An amendment in 2025 permanently waived the possible clawback of exclusivity for plants located in North America. The amendment also extended the time for plants in other regions to begin construction and commence sales to avoid a clawback of exclusivity under the license agreement. PureCycle Technologies' process involves two main steps: 1. **Feed Pre-Processing ("Feed PreP")**: This step collects, sorts, and prepares polypropylene waste ("feedstock") for the dissolution recycling process. 2. **Purification**: This dissolution recycling process uses a combination of solvent, temperature, and pressure to return the feedstock to near-virgin condition. It employs a novel configuration of commercially-available equipment and unit operations. The Purification process uses supercritical fluids for physical extraction and filtration to purify the color, opacity, and odor of the polypropylene without altering the polymer's chemical bonds. This approach allows for significantly less energy consumption and reduced production costs compared to virgin resin production.