On July 17, 2024, PureCycle Technologies, Inc. announced a significant milestone in the production of multiple recycled compounds using their proprietary PureCycle resin. These newly developed compounds are created by blending PureCycle resin with either post-industrial recycled material or virgin polypropylene (PP), demonstrating the company's innovative approach to recycling.

These advanced resins hold the potential to revolutionize the consumer products market by expanding the variety of items that can be produced with recycled materials. This development not only simplifies the customer approval process but also facilitates the introduction of products with higher recycled content into the market, thereby adding substantial value to PureCycle.

Expressing his excitement, PureCycle CEO Dustin Olson said, “I’m thrilled with our recent success in compound trialing and optimistic about its implications for PureCycle’s future. This development should enable us to reach a broader customer base. The demand for our resin remains high, and compounding should lower the adoption barriers and shorten the approval timeline for companies seeking recycled content now.” Olson’s statement highlights the increasing market demand for PureCycle's resin and the strategic advantage provided by the new compounding capabilities.

In pursuit of this expansion, PureCycle is partnering with several specialized companies to develop and produce recyclate-based polymers. These collaborations aim to ensure that the performance properties and consistency of the new recycled compounds match those of virgin resins. This initiative is crucial for maintaining product quality and meeting industry standards.

Olson further emphasized the global legislative trend towards mandating recycled content in products. He stated, “Legislation is increasingly mandating recycled content requirements both nationally and globally. Our capability to blend our resin with either post-industrial recycled material or virgin PP should enable us to offer brand owners a consistent product tailored to their specific needs.” This capability positions PureCycle to meet diverse market requirements and comply with evolving regulations.

One of the key advantages of PureCycle's compounding process is the ability to customize various properties of the resins. Melt flow, flexibility, clarity, and strength are among the attributes that can be precisely tailored to suit specific applications. This customization ensures that the recycled compounds meet the exact needs of different consumer products, thereby broadening the potential uses of recycled materials in the market.

PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., possesses the exclusive global license for a unique solvent-driven purification recycling technology patented by The Procter & Gamble Company (P&G). This innovative technology is designed to convert polypropylene plastic waste (No. 5 plastic) into a continuously renewable resource. The purification process effectively eliminates color, odor, and other impurities from No. 5 plastic waste, producing ultra-pure recycled (UPR) plastic. This UPR plastic can be recycled and reused multiple times, revolutionizing how companies interact with plastic waste.