PureCycle Technologies, Inc. (Nasdaq: PCT) has reached an agreement with The Augusta Economic Development Authority to build its first U.S. cluster facility to produce ultra-pure recycled polypropylene (rPP) from waste polypropylene (PP). The 200-acre location in Augusta Corporate Park will create over 80 manufacturing jobs with an initial $440 million investment to primarily fund three lines of 130mm pounds of capacity during Phase 1 of the project. Augusta-Richmond County was selected based on feed and product delivery supply-chain efficiencies, community support, a skilled labor market, and Georgia's business-friendly environment.
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Purecycle Technologies
Published Jul 29, 2021 4pm EDT / 1pm PDT / 9pm BST / 10pm CEST