PureCycle Technologies lands $46.16M EU grant
In Florida, PureCycle Technologies, Inc. has signed a €40 million grant agreement from the Innovation Fund with the European Climate, Infrastructure and Environment Executive Agency (CINEA) to fund its ‘ASTRA PP’ project in the NextGen District at the Port of Antwerp-Bruges. Yesterday, CINEA announced that a total of 54 projects selected under the Innovation Fund 2024 Call for Net-Zero Technologies have signed their grant agreements. In total, the projects will receive €2.7 billion of funding.
As part of Project ‘ASTRA PP,’ PureCycle will install a polypropylene (PP) dissolution recycling facility in the Port of Antwerp-Bruges, in Belgium designed for an annual production capacity of 59,000 tons (130 million lbs.) of PureFive® resin. The project name, ‘ASTRA PP’, pays homage to PureCycle’s facility site in the NextGen District and stands for Advanced Solvent-based Technology for Recycling in Antwerp for Polypropylene.
Category: Fuels
