General InformationPureCycle Technologies is an Ohio-based advanced materials company founded in 2015 that specializes in chemical recycling of polypropylene plastic waste, with 51-200 employees.
Funding & FinancialsThe company went public via SPAC merger in 2021 and has raised over $500 million in total funding from investors including venture firms and strategic partners in the plastics and sustainability space.
Leadership & TeamMike Otworth serves as CEO; the company was co-founded by Mike Otworth and other industry veterans with experience in polymer recycling and chemical engineering.
Recent ActivityRecent developments include securing major offtake agreements with Procter & Gamble and Nestlé for their recycled polypropylene resin, and expanding production capacity at their flagship facility in Ohio.