PureCycle Partners With Mitsui To Develop Recycled Polypropylene Plant In Japan

PureCycle Technologies Inc PCT signed a memorandum of understanding (MoU) with Mitsui & Co., Ltd. MITSY to develop and operate a recycling facility in Japan to transform polypropylene (PP) waste into Ultra-Pure Recycled Polypropylene (UPRP).
Through this new joint project with PureCycle, Mitsui aims to reduce plastic waste and establish a circular economy in Japan.
Mitsui will help facilitate the pre-construction, on-the-ground operations and be an integral part of PureCycle's work in Japan.
Price Action: PCT shares closed higher by 3.04% at $12.90 on Monday.