PureCycle Technologies | July 30, 2021
PureCycle Technologies, Inc. has agreed to establish its first U.S. cluster plant to make ultra-pure recycled polypropylene (rPP) from waste polypropylene with The Augusta Economic Development Authority (PP). The 200-acre site at Augusta Corporate Park will produce over 80 manufacturing jobs, with an initial $440 million investment largely funding three lines with a capacity of 130mm pounds during Phase 1 of the project. Augusta-Richmond County was chosen because of its feed and product delivery supply-chain efficiency, community support, a skilled labour market, and Georgia's business-friendly environment.
PureCycle recycles waste PP using licenced proprietary technology to produce ultra-pure recycled PP for use in consumer goods, automotive, building and construction, and industrial applications.
The organisation has the ability to process a wide range of waste PP with varied amounts of contamination.
"We are happy that a solutions-oriented company like PureCycle will be joining the recycling ecosystem we're creating in Georgia," said Pat Wilson, Commissioner of the Georgia Department of Economic Development.
"I applaud Governor Brian Kemp, the state Legislature, and our Augusta Economic Development Authority allies for assisting us in maintaining our pro-business environment, which allows us to welcome initiatives like this to Georgia."
The Augusta plant helps boost PureCycle's ability to supply product at scale with a robust process designed to produce 130mm pounds per year per processing line, with additional capacity to build up to five processing lines within Augusta Corporate Park. By 2025, the business expects to have produced one billion pounds of virgin-like rPP from PP across its network. Construction on the company's flagship Ironton, Ohio recycling facility is well underway, and more than 20 years of output has already been pre-sold.
"The Augusta Economic Development Authority is pleased to welcome an innovative and rapidly expanding company to the Augusta Corporate Park. As they construct their facilities and add skilled jobs with higher-than-average pay to the neighbourhood, they contribute to our larger aim to improve our park. We are excited to welcome our second corporate partner to the community "Augusta Economic Development Chairman Steven Kendrick stated
"We are thrilled to be collaborating with the Augusta Economic Development Authority to build our next polypropylene purification facility," stated PureCycle CEO Mike Otworth. "As manufacturers seek sustainable materials for their goods, demand for high-quality recycled polypropylene continues to outstrip supply. Our Augusta location will be critical in our efforts to address the plastics waste challenge."
About PureCycle Technologies
PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global licence to market The Procter & Gamble Company's patented solvent-based purification recycling method for converting waste polypropylene (PP) into virgin-like resin. Color, odour, and other impurities are removed from recycled feedstock using a patented method, resulting in virgin-like polypropylene suited for any PP market.
Prnewswire | October 06, 2020
The U.S. oil, natural gas and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the industry's history. Heightening employment cyclicality and layoffs are challenging the industry's reputation as a reliable, long-term employer. The sensitivity of U.S. OG&C employment to oil prices is extremely high, with a dollar change in oil price potentially affecting 3,000 upstream and oilfield services jobs. In a business-as-usual scenario of waiting and responding to oil price cycles, about 70% of jobs lost during the pandemic may not return by the end of 2021 at $45 per barrel This downturn or the "great compression" is like no other, challenging fundamental and deeply interconnected dimensions of the industry's work, workforce and workplace.
Trinseo | December 09, 2021
Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, announced its entry into a definitive agreement to acquire Heathland B.V. a leading collector and recycler of post-consumer and post-industrial plastic wastes in Europe.
As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polystyrene (PS) and other thermoplastic waste. The company collects, pre-treats and processes plastic waste materials using mechanical and chemical recycling processes, and captures the materials’ maximum value by transforming them into high quality recycled raw materials for a wide range of high-end applications. Heathland is well established in Europe with several notable projects, including MMATwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission.
“We are thrilled to enter into a definitive agreement with Heathland and look forward to growing together as we learn from their significant recycling expertise. In order to be successful as a sustainable solutions provider, it is essential that we have access to comprehensive recycling technologies and can secure plastic wastes as feedstock. This agreement is an extension of our commitment to investing in the movement toward a circular economy.”
Francesca Reverberi, Senior Vice President and Chief Sustainability Officer of Trinseo
The acquisition serves as an important milestone of Trinseo’s transformation journey into a specialty materials and sustainable solutions provider. As the Company’s extensive sustainable product portfolio continues to grow, this agreement will help meet market demand by securing a reliable source of recycled feedstock through the addition of a plastic waste collection business and enhancing the ongoing development of plastic recycling technologies.
Nikolaj Garnitsch and Simon van der Heijden are both Co-founders and Managing Directors of Heathland. Nikolaj indicated, “We truly believe this move will bring significant value to the plastics value chain and serve as an exciting step toward realizing a circular economy.” Simon added, “As a company dedicated to value creation through recycling, we share the same values as Trinseo and our business and product portfolios are complementary. There is a common goal to recycle in ways that bring most value out of waste feedstock, avoiding downcycling, and to produce circular raw materials of the highest grade, thereby facilitating the use of recycled raw material as a seamless alternative to virgin plastics. And both companies strive for excellence while doing that, which reflects on our valued customers, the organization itself and the environment. We believe the shared vision and global footprint of Trinseo will bring us to the next level.”
The investment is aligned with Trinseo’s 2030 Sustainability Goals, which outline the Company’s focus on tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer.
Trinseo is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board and building and construction. Trinseo had approximately $3.0 billion in net sales in 2020 and has 26 manufacturing sites around the world and approximately 3,400 employees.
Heathland is a collector and recycler of post-consumer and post-industrial plastic waste, situated in Utrecht, the Netherlands. Its recycling service is focused on a wide array of plastic wastes with particular focus on PMMA, PC, ABS and PS. Collected plastic wastes are pre-treated and processed by means of mechanical and chemical recycling processes. Heathland’s goal is to create maximum value for its waste suppliers, its customers for the end-products, and its value-chain partners. At Heathland, plastic waste is recycled according to the latest national and international regulation. Recycled raw material is made to the customers specification or as a commodity in accordance with industry standards. The end-result are a circular raw materials of the highest grade suitable for top-end products.