Business
PureCycle opens plastic waste prep facility in Central Florida, invests in tackling plastic waste crisis at home
ORLANDO, Fla., Oct. 6, 2021 /PRNewswire/ -- Today, PureCycle Technologies, Inc. (Nasdaq: PCT), headquartered in Orlando, announced that a plastic recycling
About this update from Purecycle Technologies, Inc.
[{"type":"text","content":"ORLANDO, Fla., Oct. 6, 2021 /PRNewswire/ -- Today, PureCycle Technologies, Inc. (Nasdaq: PCT), headquartered in Orlando, announced that a plastic recycling prep facility will open in Florida. This facility, which will be located in Winter Garden, will sort and process polypropylene plastic (designated as no. 5 plastic) and is expected to increase the amount of plastic that is recycled in the area. No. 5 plastic is used in a myriad of applications, including food and general use containers, toys, automotive (bumpers, dashboards, etc.), building and construction, and in agriculture.\n\n \n \n \n \n \n \n\n \nPolypropylene plastic is one of the most commonly used plastics in the world and can be a challenge to recycle. PureCycle uses patented technology that removes contaminants turning the waste into ultra-pure recycled polypropylene. By adding a plastic waste prep facility for no. 5 plastic waste in Florida, PureCycle can help increase the volume of plastic waste that can ultimately be recycled. \nCreating recycling prep facilities in communities across America opens up access for PureCycle to identify and secure regional polypropylene plastic waste that is needed as feedstock to create the company's ultra-pure recycled polypropylene resin. The plastic waste prep facility in Florida is part of PureCycle's community-focused plan of action to increase the amount of plastic that gets recycled curbside and help stop plastic waste from ending up in waterways, landfills, and environment.\nMike Otworth, CEO, PureCycle, said, \"Less than 1% of polypropylene is recycled worldwide. Our expectation is that PureCycle's prep facility will help bolster efforts to recycle more plastic waste in the region. Having facilities that open up a door for the recycling of discarded plastic material will help us tackle the plastic waste crisis. PureCycle is changing the game when it comes to how communities view and use plastic with our first-of-its-kind purification process that transforms no. 5 plastic waste into an infinitely sustainable material. PureCycle's goal? To create a truly circular economy.\" \nCommissioner Nicole Wilson, Orange County, said, \"Families in our community are doing the right thing when it comes to recycling. Nearly all Orange County residents recycle each month. But, too much of what goes into the recycle bin ends up in the la...