- The new plant will recycle 59,000 metric tons of polypropylene annually, with potential expansion to 240,000 metric tons.
- Construction is expected to begin in 2024 after the permitting process.
- The project will create 65-70 jobs during the initial phase.
- Various funding options, including EU grants, are being considered.
Project Overview
PureCycle Technologies plans to build its first European polypropylene (PP) recycling facility in the NextGen District at the Port of Antwerp-Bruges, Belgium. The plant will have an initial annual capacity of 59,000 metric tons, with the potential to expand to 240,000 metric tons across four processing lines.
Timeline and Construction
PureCycle is currently engaged in feedstock sourcing and financial planning, aiming to finalize the project timeline by mid-2023. Construction is expected to commence in 2024, following the completion of the permitting process.
Economic Impact
The new facility is anticipated to create 65-70 jobs for local residents during its initial phase. This project represents one of the largest investments announced in the NextGen District to date.
Funding and Support
Various funding options are being considered, including traditional financing sources and EU grants/subsidies for circular projects. The Flanders Investment & Trade agency has played a significant role in supporting this investment.
Global Expansion
PureCycle is expanding globally, with its flagship plant in Ohio set to start production in Q1 2023, a second plant under construction in Georgia, and its first Asian plant scheduled to open in 2025.
