PureCycle Technologies Inc. opened its doors to stakeholders — investors and partners — during the company’s recent Investor Day Expo at its Ironton, OH, recycling facility. The company also announced a multi-year digital technologies and service agreement with Emerson Process Management during the event.
Marcus Behrendt, CEO and partner, BMW i Ventures, who attended the event, commented: “I’m happy that I took the opportunity to travel to Ohio to be a part of PureCycle Investor Day 2021. As an investor, it was very promising to see how sophisticated and mature the technology of PureCycle already is. The quality of product produced by the Feedstock Evaluation Unit was very impressive.”
PureCycle uses proprietary technology licensed from the Proctor & Gamble Co. to recycle waste polypropylene (PP) into ultra-pure rPP for “myriad applications,” said the company. PureCycle chose Emerson’s Plantweb digital ecosystem for its operations, including intelligent sensors and control valves, advanced operations software and systems, cloud data management, and analytics.
“We’re more confident than ever in the scalability of our technology to meet demand for our virgin-like resin,” said PureCycle CEO Mike Otworth. “Our recycling facilities will be born digital, and with Emerson’s help, each PureCycle facility is expected to start up with the most advanced digital automation technologies available, allowing us to achieve faster project completion and to have fully integrated systems and world-class operating performance.”
PureCycle currently plans to build 50 additional “born-digital” recycling facilities over the next 15 years, where it will produce virgin-like rPP from waste PP. Investors and strategic partners, including BMW i Ventures and Milliken & Co., received a tour of the facility and observed PureCycle’s efforts to scale production of rPP to an expanding list of market verticals.