PureCycle Technologies signs PureFive distribution agreement with Formerra

PureCycle Technologies announced a new partnership with Formerra, an engineered materials distributor. Formerra will serve as the primary authorized North American distributor of PureCycle’s ultra-pure recycled polypropylene resin, PureFive. PureCycle resin is made using a patented process designed to transform polypropylene plastic waste into a continuously renewable resource. PureCycle resin is a like-virgin material, colorable, and is 100% recyclable projected to use approximately 79% less energy than virgin resin. It’s also projected to release 35% fewer carbon emissions than new polypropylene manufacturing. PureCycle’s resin is expected to be available to Formerra customers as early as Q4 of this year.