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What's great about the FEU is we're able to produce continuously. At present, PureCycle has the only technology able to meet that demand. Pyrolysis, gasification has been around for very long time. But instead you're just claiming solar or wind credits that the cracker was fed with a given amount of material, and by mass balance, I'm going to get a credit for that. Our excitement level is wanting to deliver against that mission which we publicly declared as what we call Ambition 2030, which for P&G means by the year 2030 we want to displace 50% of our virgin plastic usage. Environmental | Procter & Gamble Investor Relations What happened PureCycle Technologies ( PCT -3.22%) went public in March to raise capital for its plan to use technology licensed from partner Procter & Gamble ( PG 0.08%) to recycle waste. The Association of Plastics Recyclers (APR) has identified 1 billion pounds of recycled PP demand in North American alone. There are also other non-solvent-based purification technologies like pyrolysis or gasification, where you can depolymerize polypropylene in pyrolysis process where you essentially break it into its constituent parts, you then purify that, you feed it into a cracker, you then make the monomers again, and then you can remake the plastic. Our proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter . Working in collaboration with PureCycle Technologies, a subsidiary of Chicago-based Innventure, Procter & Gamble says it has perfected a process that results in recycled polypropylene that is odor-free and snowy white or clear in color which makes it highly desirable to a range of manufacturers. P&G's latest development in plastics recycling, PureCycle, is set to be a milestone for any future approach to waste material. The feedstock evaluation unit will begin operating in January 2018 and continue operations after the full-scale plant will open in 2020. In this scenario, could you blend it with recycled polypropylene, or excuse me, with virgin polypropylene? The answer is yeah, there is always going to be technology features that, maybe you have an application thats extremely sensitive and from a technology point of view, perhaps it's best to ensure that you're always using a virgina true virgin-like material on those applications, just so the consumer is absolutely assured that there is no risk of human toxic impurities in contact with sensitive areas of the body. Again, the excitement for us comes back to being able to deliver against that overarching mission. The group combines the expertise of Wasson Enterprise (WE), a family-based investment firm led by former Walgreens Boots Alliance CEO Greg Wasson, and XL Tech Group (XLTG), Innventure's precursor company. For us, as we develop products based on feedstocks, we will declare on our technical data sheets exactly what melt flow index we're making, and then what is the range of Young's modulus, flexural modulus, impact strength. Next question, Are there any known technical limitations to the number of cycles that polypropylene or recycled polypropylene can undergo without deterioration? This is a really good question. We're constantly learning, constantly improving. P&G and PureCycle Technologies recently hosted a ribbon-cutting for a plant that will use a P&G-invented technology with the potential to revolutionize plastics recycling. With the aim to improve recycled plastic quality, they developed a purification technology and worked with Innventure to bring it to life. We believe it will take away the limitations [posed by appearance, odor and color] associated with recycled plastics, especially post-consumer. In addition to that, we also were excited about a startup disruptive technology. Can the process handle 85% pure or lower, versus 90% purity, if feedstock providers run into issues? Actually, from a technical point of view, the process and the technology can handle, you know, feedstocks with 1% polypropylene. What I mean by that is it would precipitate from solution, and we would go back and track that and see that it was due to the heat tracing that we used to maintain the temperature wasnt performing correctly so we'd get a clog and then we'd have to go sort that out. There has been a lot of technological development there. I know it's probably a lot of questions and answer here. Generally, this doesn't necessarily mean the entire process stops, it just means maybe the quality of the material coming out wasn't exactly to our specification. To us, that's an important part of that, is the selection of the solvent. I believe that, honestly, the first PureCycle plant in Ironton will be the most expensive, least efficient, most capital-intensive plant that we ever build. We have a great partnership and R&D relationship where we can, again, provide our expertise from developing the process and ensuring that that tech transfer is successful, as well as ongoing questions and issues emerge, we can be available to provide on-the-spot support and information as needed as we continue to scale our process. For us, we want to deliver more environmentally responsible products for our consumers. In about 2012, we really started putting a lot more investment into the process and the technology. That's where all of our development has occurred in terms of developing the initial lab scale process that went into developing our IP portfolio, as well as ongoing lab scale tests that we use daily to continue to refine the technology, to improve it, optimize it, etc. I believe some of the bigger risks with the larger scale will be ensuring that we have the feedstock and that feedstock is consistent per our partners agreements, the terms of maintaining the spec that we need to ensure we can maintain the levels of productivity on a 165 million pound per year scale. ORLANDO, Fla., March 17, 2023 /PRNewswire/ -- PureCycle Technologies (NASDAQ: PCT) and Mitsui & Co. Ltd. (Mitsui) announced a signed heads of agreement (HOA) to develop and operate a polypropylene (PP) recycling plant in Japan. We are super excited about it. The patented technology was born in P&G labs as one of many innovations with meaningful sustainability benefits. While this is a P&G-developed technology, the recycled PP will be widely available for purchase across industries. We have things like pesticides, motor oil residues, of course perfumes, all sorts of stuff that can migrate into the plastic that have to be removed. The process and the technology can cope with those higher amounts of contamination. We also had, at the time, a GBD Director who had established a relationship with Innventure, I think on the order of about 10 years, discussing various project ideas and concepts. Management Commentary The last question, and thanks for hanging in there with me, Why did you choose an alkane solvent and why don't other solvents pose a threat to the IP portfolio? Great question. Then we produce on the order of a pound or so of purified product. We look forward to continuing that and seeing the first commercial plant produce material and integrate that into our products. PURECYCLE TECHNOLOGIES, INC. - MarketScreener.com I think these two area will be bottlenecks to b addressed, keeping those filter units running consistently and reliably, and being able to go back and forth. Plastics Recycler PureCycle Technologies Going Public Via SPAC Chemical processes are usually pyrolysis or depolymerization, meaning you are unzipping plastic molecules back to fundamental building blocks. The next one. Why PureCycle Technologies Stock Plunged Today CHICAGO, July 20, 2017 /PRNewswire/ --PureCycle Technologies, in partnership with consumer goods company P&G, today hosted the ribbon-cutting for a plant that will restore used polypropylene (PP) plastic to 'virgin-like' quality with a recycling method that is one of a kind. It's things like that that we saw. If a customer is testing it in a co-polymer application where they need, say, impact strength, which is common for like cold weather applications or drop applications, then they may have to blend in a rubber additive at 5% to 10% with our material to ensure they can meet that impact specification. Recycled plastics are typically grey in color, have a malodor and have contaminants that present regulatory concerns. And we were wanting to figure out problems involving color, odor and consumer safety, says Layman. CHICAGO, July 20, 2017 /PRNewswire/ -- PureCycle Technologies, in partnership with consumer goods company P&G, today hosted the ribbon-cutting for a plant that will restore used polypropylene. We're quite robust, not only covering what we believe is our process, but also modifications to our process that we own the patents for so that it would prevent someone from being able to remove an element from our technology and claim, well, we're not doing exactly what was described, but we're doing something close. First of all, it doesn't work anywhere as well as ours. ORLANDO, Fla., Jan. 17, 2023 /PRNewswire/ -- PureCycle Technologies, Inc. (NASDAQ: PCT) and the Port of Antwerp-Bruges today announced that PureCycle intends to build its first polypropylene (PP) recycling facility in Europe in the port's fast-growing NextGen District located in Belgium. So, they would treat our material like virgin, blend in the rubber that's needed to meet the application need and that would be pretty normal. Is there any way to fix this? I think Innventure brings the right level of experience, enthusiasm and passion to make this project successful, and we've been quite pleased about that. Instead of doing a pound a day and a batch mode, we can do several pounds an hour (5 pounds to 10 pounds per hour continuously) which affords us the ability to make a lot more material. When it comes to scaling bigger, I just want to reflect on the fact that if you look at all of our individual steps or so-called unit operations, all of those are well-known unit ops, extraction columns, extruders, candle filters. Today, I'm recording this video from my home in the Cincinnati area, where I'll provide answers to some very common questions. The next question Please discuss the background for selecting Innventure as your commercialization partner and how P&G and Innventure have integrated their efforts to develop, commercialize the process and manufacturing. As I mentioned a bit ago, when we had developed the technology and we had proven that, again, the capex and opex were reasonable and there could be a business built around it, we then started developing an options analysis in terms of who would be the best partner. And so we started along that journey working with a large EPC firm out of South Carolina and started developing not only perfecting of the process, but also, proving out a very initial business model that, indeed, you could recycle this at a capex and opex that was really practical and made sense. From a company perspective, this is a win all around," said Layman. PureZero Program We can use the material in any application we can. There will be an ongoing focus on learning to adapt to changing materials, particularly evolving packaging. But I can definitely see a clear advantage of the solvent-based approach that you're seeing with PureCycle. PureCycle: How Procter & Gamble want to revolutionise - interpack Our team has continued to play an ongoing R&D role where we provide R&D support to PureCycle as both part of the tech transfer, as well as the ongoing refinement of the process and the technology. Steve writes about the interface between technology and sustainability from his home in Florida or anywhere else The Force may lead him. Dec 3 (Reuters) - Procter & Gamble Co has lofty goals for cutting its environmental impact by 2030 but obtaining recycled plastic for more sustainable packaging is challenging, the company's vice . "Our approach to innovation not only includes products and packaging, but technologies that allow us and others to have a positive impact on our environment. PureCycle has received financial backing from the Closed Loop Fund, which invests in circular economy innovations to support recycling. But so, integrating that technology or those steps together with our solvent and our particular polymer, in this case polypropylene, is where the uniqueness comes in. I'm currently the Director of Sustainable Materials Development at the Procter and Gamble Company. The next one, In the Leidos report, which is the independent engineers report, it states that there are four quality parameters: color, opacity, melt flow index, and odor. A lot of times people look at plastic and think it's just a single material. While this is a P&G-developed technology, the recycled polypropylene produced by PureCycle will be widely available for purchase across the entire plastics industry. Learn more at innventure.com. This technology demonstrates P&G's commitment to sustainability and helps in achieving P&G's 2020 recycling goals (doubling use of recycled resin in plastic packaging and ensuring 90 percent of product packaging is either recyclable or programs are in place to create the ability to recycle it). As we look to scale up the system to larger scale, it'll be risk associated with making sure the temperature and pressure are maintained in a way that enable us to keep the thermodynamic properties of the process in line so that we can ensure there's no precipitation, say unwanted precipitation of the polymer that would cause clogging and disrupt production and that sort of thing. 20, 2017- Barrett Brunsman - Cincinnati Business Courier. Now, the Phasex process is a batch mode process where we charge on the order of anywhere from a pound or so to maybe a little bit less than a pound of material. If PureCycle doesn't manage to ramp up, what options do companies have to reduce their virgin polypropylene usage? That's another important distinction to make that our technology, from an LCA point of view, I encourage you to look at the comparison between the LCA indicators in terms of energy usage and that sort of thing of our process compared to virgin, and you can see that ours is quite lower. "Our approach to innovation not only includes products and packaging, but technologies that allow us and others to have a positive impact on our environment. PureCycle Technologies and P&G introduce technology that enables Independent Construction Monitoring Reports, according to Transparency Market research, http://www.prnewswire.com/news-releases/purecycle-technologies-and-pg-introduce-technology-that-enables-recycled-plastic-to-be-nearly-new-quality-300491368.html, PureCycle Named No. The mechanical ingenuity that's gone into the municipal recovery facilities at the community level, there's probably one operating in your community right now, where they can do some amazing things taking very complicated waste streams from a recycle bin and separate the plastic from the paper and then using infrared sortation to sort out different plastics. It does provide an option, and it is being scaled by multiple parties in the plastic industry today. One would expect if you feed a given so-called melt flow index, which is the pragmatic way that we talk about the different types of polypropylenes, and think of it like 5W30 or 10W30 on motor oil, so we have different viscosity indexes for polypropylene and the viscosity indexes of the polypropylene feed-stock drive the viscosity indexes of the product. Then how do the properties compare to virgin? The great news is if you make a 10-melt flow polypropylene from our process, meaning youre recycling a 10 melt flow feedstock, and you compare that to a 10 melt flow virgin, it's virtually indistinguishable. To learn more, visit purecycletech.com. However, when you look at their technology compared to ours, we're the only ones out there with pictures showing before and after of what we can purify. They have lab-scale equipment that is designed to operate under the conditions of our process, which is at elevated temperature and pressure. The company holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by Procter & Gamble (P&G) for restoring waste PP into what PureCycle calls "virgin-like" resin. Weve shown samples to potential customers. Procter & Gamble has licensed a polypropylene recycling technology to PureCycle and teamed up with the firm for a new $120 million facility in Ohio to bring the technology to scale. Procter & Gamble launches new polypropylene venture with PureCycle It probably surprises many people that plastics are not easy to remove from other plastics. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. We use something called the low critical solution temperature, or interpreted differently, it's called a cloud point, where we can operate our particular alkane solvent, like a Goldilocks solvent, where we can get the polymer to behave in two different, distinct ways. The Procter & Gamble Company (PG) Presents at Deutsche Bank dbAccess PureCycle Charade Unveiled by Hindenburg Research - PlasticsToday We also know that what we've filed, we believe, is quite an original discovery. The second question Discuss P&G's excitement level for this technology, why P&G didn't want to commercialize this technology on our own? The first part of this question is quite simple. We had canvassed the world looking for either companies that were selling high-quality recycled polypropylene, or companies that were specializing in developing technologies. 9 Best Places to Work by Plastics News, PureCycle Breaks Ground on New Recycling Facility in Augusta, Georgia, PureCycle Adds Top Industry Leaders to Board of Directors, Koch Modular Process Systems to Supply PureCycle Augusta Facility with Modular Recycling System. It is going to be a solution, whether it's at a price point that the industry can afford, whether the LCA is as good as it could be for, thats a different question. The Association of Plastics Recyclers (APR) has identified 1 billion pounds of recycled PP demand in North American alone. Now, we run a proprietary process that enables us to use much more simplified pumping equipment list, obviously reducing capex and opex. I think there has been a lot of examples of where people have been impressed by what they've read and what they've seen, and certainly from a freedom practice issue, there has been no issues at all, and from an IP score, I believe it will score high. Do pressures / temperatures need to be exact, or is the process environment-proof? I will say we certainly aren't environment-proof. Using our ground-breaking patented recycling process, developed by Procter and Gamble, we separate color, odor, and contaminants from plastic waste feedstock to transform it into ultra-pure recycled resin. You have to get the opacity to a point where you can claim it's as transparent or translucent as virgin. And we expect it will be suitable for food contact grade resin, so I think we will see it in food packaging products, says Otworth. Using our ground-breaking patented recycling process, developed by Procter and Gamble, we separate color, odor, and contaminants from plastic waste feedstock to transform it into ultra-pure recycled resin., Frequently asked questions about PCTs purification technology, PureCycle Finalizes Financing Plan With AEDA, Solvent Introduced at PureCycle's Ironton Facility, PureCycle Receives Certification Confirming Mechanical Completion, PureCycle CEO Dustin Olson Meets with South Korean President. Going back to the second part of the question, "How has our relationship been since we agreed to do this process together?" Using our ground-breaking patented recycling process, developed by Procter and Gamble, we separate color, odor, and contaminants from plastic waste feedstock to transform it into ultra-pure recycled resin. Not only PureCycle, there's APK, as we mentioned, as well as for polystyrene, a different type of plastic, there's also a company called Styra Solution working on solvent-based purification of polystyrene through a different process than what we're doing. At the end of the day, it's just polypropylene and it behaves and functions mechanically just like polypropylene should. After analyzing and testing countless samples of recycled plastics from various suppliers, Layman and the R&D team realized that the poor quality of recycled plastic was the biggest challenge preventing P&G from using more. "Both manufacturers and consumers have signaled a strong preference for recycling plastics, which otherwise pollute oceans, landfills, and other natural places. The next question, Why is recycling polypropylene difficult? But then as we kept hitting milestones of success, getting the technology at a point where we could put in really dirty polypropylene, including used dirty diapers, and started getting really high quality material, that we would certainly reuse again, we got really excited. Anytime you put any polymer through a heat cycle where you're melting in an extruder or you're converting it in an injection molding machine, and say, into a part, there's always a little bit degradation to the polymer. Now, when we, when we look at the types of feed-stocks that we're getting now for our first facility, a lot of those are homo-polymer and a lot of our feed-stock evaluation unit test and the FEU in Ironton had been with homo-polymer. Founded in 2015, PureCycle is opening a small-scale plant in Lawrence County, Ohio where they will test and calibrate the PP recycling process. PureCycle Technologies, Inc. is engaged in commercializing a patented purification recycling technology developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled (UPR) resin. But there could be applications where, just by the nature of our feedstock, we're not getting the type of melt flow rate that a customer wants. The small-scale plant will begin operating in January 2018, and the full-scale plant will open in 2020. The patented technology was born in P&G labs as one of many innovations with meaningful sustainability benefits. We also, for the first time, as a continuous process, and we advance our knowledge and the process by iteratively run tests at Phasex, apply to the FEU and use those results to design new tests for Phasex. One where it's not soluble so that we can extract it; the other where it is soluble where we can filter it. For all those reasons, we thought of taking a startup approach. We can obviously blend either the feedstocks or the final products. Keep in mind that the amount of contamination that we're removing is fairly low, less than 5%, but it does have to be removed. In fact, pretty much all plastics are complicated composites of, of course, the plastic which is a polymeric material so polypropylene is the polymer of propylene monomer, and that material is then colorized with an additive system where pigments are introduced and that's usually multiple materials. P&G licensed the technology to PureCycle, a portfolio company of Innventure, a Wasson Enterprise Partnership that commercializes disruptive technologies.Founded in 2015, PureCycle is opening the feedstock evaluation unit in Lawrence County, Ohio where they will calibrate the PP recycling process. We see a lot of technologies. Because technically, in a lot of geographies, pyrolysis or so-called chemical recycling is not counted as true material recycling. In the U.S. alone, the demand for virgin-quality recycled PP is immense. So for us, the technology invented by P&G and being commercialized by PureCycle would be something that we would put every effort at stake to ensure that we can get this technology scaled and off the ground and to a point where it can provide material to our business, because for us that's the ultimate goal. This really limits the number of claims or the type of claims that brand owners like P&G and others can make. A new way iconic brands like P&G, Nokia cash in on R&D moonshots - CNBC P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always, Ambi Pur, Ariel, Bounty, Charmin, Crest, Dawn, Downy, Fairy, Febreze, Gain, Gillette, Head & Shoulders, Lenor, Olay, Oral-B, Pampers, Pantene, SK-II, Tide, Vicks, and Whisper. So, as we discussed previously, the melt flow index which is, again, a pragmatic way to measure the viscosity of the material, is what is used to calculate or predict the physical properties of the final polypropylene. My name is John Layman. I appreciate everyone's persistence with me here. P&G breakthrough leads to $120M investment in Ohio plant | PureCycle We do have more or less a case study by unit operation on where we think things could be improved or studied and that sort of thing. Mike Otworth, CEO of PureCycle Technologies, says several suppliers and user contracts have already been lined up to provide feedstocks for the process and to buy the end products created. Making Polypropylene the Next Big Thing in Recycling

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