Master Services Agreement expands relationship and deepens existing partnership in the global plastic waste crisis
ORLANDO, Fla.–Mar. 16, 2022 – Koch Modular Process Systems, LLC (Koch Modular), a market leading provider of engineered and fabricated modular reaction and mass transfer systems today announced that they are expanding their ongoing business relationship with PureCycle Technologies, Inc. (“PureCycle”) and will supply the modular recycling systems for their second facility in Augusta, Georgia. This work will help address the global need to transform plastic waste into a renewable resource. The multi-year master services agreement (MSA) reflects PureCycle’s confidence in Koch Modular’s capabilities and underscores the company’s intent to broaden the scope of work with Koch Modular. “Working alongside PureCycle on the Ironton Feedstock Evaluation Unit and multiple commercial-scale projects demonstrates our continued commitment to supporting PureCycle’s disruptive technology,” said Brian Loftus, Vice President of Koch Modular Process Systems. “This agreement opens up more possibilities to address the global need for an environmentally responsible plastics lifecycle.” “As PureCycle continues to grow, there is a clear need to expand our relationship with a partner that fully understands the history of our disruptive technology,” said Dustin Olson, Chief Manufacturing Officer at PureCycle. “Our goal is one billion pounds of like-new, ultra-pure recycled plastic production capacity, and with Koch Modular, I am confident that we will succeed. ”PureCycle and Koch Modular have worked together for more than six years. Most recently Koch was awarded the design and construction of PureCycle’s Phase II commercial ultra-pure recycled (UPR) polypropylene facility located in Ironton, Ohio in 2020. PureCycle’s technology and process removes color, odor, and other contaminants from polypropylene plastic waste, resulting in like-new material that can be recycled time and time again. The MSA establishes the applicable cost framework, schedule structure, scope of supply, division of responsibility, execution specifications and terms and conditions for future recycling plants. Under the agreement, Koch Modular will supply the modularly constructed polypropylene recycling systems, starting with PureCycle’s newest facility in Augusta, Georgia. Future projects will include both domestic and international sites.
PureCycle Media Contact Anna Farrar, email@example.com, 954.647.7059
Koch Modular Media Contact Emily Steinhauer, CG, Lifeesteinhauer@cglife.com, 203.218.9906
About Koch Modular
Koch Modular has successfully designed and constructed modular systems for the global Chemical Processing Industry for over 40 years. Specializing in mass transfer, Koch Modular supports innovative technology companies on their pathway from concept to commercialization, providing pilot testing and process conceptualization services, process design package development, detailed engineering, and modular constructed systems. To learn more, visit kochmodular.com.
About PureCycle Technologies
PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global license to commercialize the only patented, solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into ultra-pure resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in an ultra-pure polypropylene suitable for any PP market. To learn more, visit www.purecycle.com