PureCycle will invest $363M in Ironton factory, create more than 50 jobs

Polypropylene plastic recycling company PureCycle will invest $363 million to construct a facility in Ironton that “will serve as the company’s operational center in North America and will create more than 50 full-time, high-paying jobs,” the Ironton Tribune reports. PureCycle will “revitalize three buildings comprising 185,000 square feet” where it will “recycle over 100 million pounds of polypropylene plastic annually,” according to the article. “State, regional and local economic development officials in southern Ohio worked closely with PureCycle to provide funding for infrastructure,” including tax abatements and a $750,000 JobsOhio Revitalization Grant. For more, read the full article.

Economic Development, Financial Incentives, State Updates