PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, announced a collaboration with Landbell Group, a global operator of more than 40 producer responsibility organizations (PROs) and a leading provider of closed-loop recycling solutions.
The collaboration will help to prioritize and expand upcycling of polypropylene (PP) waste into high-purity, recycled PP that can be used in high-value and demanding applications across Europe. PureCycle Belgium will be using its innovative form of dissolution recycling and experience from PureCycle’s flagship plant in Ironton, Ohio, USA, which is expected to have an annual capacity of 48,600 tonnes once fully operational.
transforms polypropylene plastic into a versatile, replenishable resource through a unique purification process, involving multiple steps. The result is a PP-recyclate that can serve as a drop-in replacement to virgin PP. PureCycle’s PureFive™ recyclate can be recycled and reused multiple times and is already being used in commercial applications in the USA.
In January 2024, PureCycle Belgium and Landbell Group began working toward enabling the advanced recycling of PP waste in Europe. As part of this collaboration, Landbell Group will use its expertise in the collection, sorting and processing of plastics in several European countries. Landbell will supply the PP waste from its household collections as feedstock for PureCycle’s first European PP recycling plant in Antwerp, Belgium, with an expected annual capacity of 59,000 tonnes once constructed and operating.
PureCycle’s VP of European and Asia Pacific Operations Wiebe Schipper said “Our collaboration with Landbell Group represents a significant step to advance plastic circularity in Europe. We’re proud to collaborate with another sustainably minded company that is committed to reducing plastic waste and creating a circular economy for plastics.”
Schipper added, “PureCycle is looking forward to collaborating with the Landbell Group as we work to make dissolution recycling more widely available throughout the region.” Through this partnership with PureCycle, Landbell Group will ensure that the thermoplastic polymer which is widely used in the packaging industry, from food and beverage packaging to industrial and consumer goods packaging, is redirected towards high quality recycling.
In this way, Landbell Group strengthens its commitment to the development of innovative recycling solutions to enable a circular economy.Uwe Echteler, COO of Landbell Group said, “By combining the innovative and robust approaches of PureCycle Technologies and Landbell Group in Europe, we will drive higher recycling rates and high-quality recycled PP, empowering producers to close the loop and to fulfill their new obligations from the PPWR.”