PureCycle Technologies Builds Augusta, Georgia, Plant
According to company officials the initial $440 million investment will primarily fund three lines of 130mm pounds of capacity during Phase 1 of the project. The plant will enhance PureCycle's ability to deliver product at scale, with expansion capacity to construct up to five processing lines within Augusta Corporate Park.
"We're delighted to be working with the Augusta Economic Development Authority to establish our next polypropylene purification facility," said PureCycle CEO Mike Otworth. "Demand for high-quality recycled polypropylene is continuing to outpace supply as brands seek sustainable materials for their products. Our Augusta operation will be pivotal in our quest to help solve the plastics waste crisis."
PureCycle said it uses licensed proprietary technology to recycle waste PP into ultra-pure recycled PP for applications spanning consumer goods, automotive, building and construction, and industrial uses. The company can process a wide range of waste PP with varying levels of contamination.
"We are thrilled that a solutions-oriented company like PureCycle will be joining the recycling ecosystem we're cultivating in Georgia," said Georgia Department of Economic Development (GDEcD) Commissioner Pat Wilson. "I thank Governor Brian Kemp, the state Legislature, and our partners at the Augusta Economic Development Authority for helping us sustain our pro-business environment, which allows us to welcome projects like this to Georgia."
The company plans to reach one billion pounds of production across its network by 2025, where it will produce virgin-like rPP from PP. Construction on the company's flagship Ironton, Ohio recycling facility is well underway and has already pre-sold more than 20 years of output.
"The Augusta Economic Development Authority is excited to welcome an innovative and growing company to the Augusta Corporate Park. As they build their facility and bring skilled jobs with better-than-average salaries to the area, they help in our overall plan of improving our park. We look forward to welcoming our second corporate partner to the neighborhood," said Steven Kendrick, Augusta Economic Development Chairman.
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.
2023 Top States for Doing Business Meet the Needs of Site Selectors
2022 Top States for Doing Business Provide an Environment for Business Growth
Why the Southeast Is Winning EV Projects, With More on the Way
EV Impacts to Watch in 2023 and 2024
2023 Auto/Aero Site Guide
EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards
Power-Intensive Site Selection
First Person: Establishing a Robust Rare Earth Magnet Supply Chain