{"id":175231,"date":"2026-04-02T07:32:00","date_gmt":"2026-04-02T05:32:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=175231"},"modified":"2026-03-27T14:17:57","modified_gmt":"2026-03-27T13:17:57","slug":"purecycle-signs-e40-million-innovation-fund-grant-agreement-with-european-climate-infrastructure-and-environment-executive-agency","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/purecycle-signs-e40-million-innovation-fund-grant-agreement-with-european-climate-infrastructure-and-environment-executive-agency\/","title":{"rendered":"PureCycle Signs \u20ac40 Million Innovation Fund Grant Agreement with European Climate, Infrastructure and Environment Executive Agency"},"content":{"rendered":"\n\n
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PureCycle Technologies, Inc.<\/a>\u00a0(Nasdaq: PCT), today, announced that it has signed a \u20ac40 million grant agreement from the Innovation Fund with the European Climate, Infrastructure and Environment Executive Agency (CINEA) to fund its \u2018ASTRA PP\u2019 project in the NextGen District at the Port of Antwerp-Bruges. Yesterday,\u00a0CINEA announced<\/a>\u00a0that 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 \u20ac2.7 billion of funding.<\/strong><\/p>\n\n\n\n

As part of Project \u2018ASTRA PP,\u2019 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 tonnes (130 million lbs.) of PureFive\u00ae resin. The project name, \u2018ASTRA PP\u2019, pays homage to PureCycle’s facility site in the NextGen District and stands for Advanced Solvent-based Technology for Recycling in Antwerp for Polypropylene. <\/p>\n\n\n\n

The project will contribute to the decarbonization and circularity objectives of the European Green Deal, the Circular Economy Action Plan and the Clean Industrial Deal by providing circular alternatives to conventional fossil-raw-materials for PP production. When completed, the project will provide PureCycle\u2019s customers with solutions for complying with European Union (EU) regulations, such as the recycled content targets in the Packaging & Packaging Waste Regulation (PPWR) and the End-of-Life Vehicles Regulation (ELVR).<\/p>\n\n\n\n

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“This grant from the Innovation Fund is a significant validation of our dissolution recycling technology and Europe’s commitment to building a truly circular economy for plastics,\u201d said Dustin Olson, PureCycle CEO.<\/strong> \u201cThe Antwerp facility represents PureCycle’s strategic expansion into one of the world’s most demanding regulatory environments for sustainability, and this funding supports our goal of delivering recycled polypropylene at scale to European brand owners and manufacturers. We are proud to be part of the solution that policymakers, consumers and brands are demanding.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The Antwerp facility is expected to create positive impacts at an economy-wide level across sectors by providing circular, made-in-Europe PP products that meet the growing customer demand for more sustainable solutions. The \u2018ASTRA PP\u2019 project is expected to reach greenhouse gas emission avoidance of 85% relative to conventional fossil-raw-material-based polypropylene production, according to the specific calculation methodology of the Innovation Fund.<\/p>\n\n\n\n

In addition to signing this grant agreement, PureCycle remains actively engaged with Flanders regional officials and has applied for Flemish regional support for additional funding for the \u2018ASTRA PP\u2019 project.<\/p>\n\n\n\n

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About PureCycle Technologies  <\/strong><\/h3>\n\n\n\n

PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented dissolution recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as #5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from #5 plastic waste resulting in our PureFive\u00ae resin that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PureCycle Technologies, Inc.\u00a0(Nasdaq: PCT), today, announced that it has signed a \u20ac40 million grant agreement from the Innovation Fund with the European Climate, Infrastructure and Environment Executive Agency (CINEA) to fund its \u2018ASTRA PP\u2019 project in the NextGen District at the Port of Antwerp-Bruges. Yesterday,\u00a0CINEA announced\u00a0that a total of 54 projects selected under the Innovation […]<\/p>\n","protected":false},"author":59,"featured_media":175256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"PureCycle announced that it has signed a \u20ac40 million grant agreement from the European Innovation Fund with CINEA to help fund the Company's future facility in Belgium","footnotes":""},"categories":[17143],"tags":[17202,10416,22310,22835],"supplier":[21669,2317,5585,13000,17119],"class_list":["post-175231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recycling","tag-chemicalrecycling","tag-circulareconomy","tag-netzero","tag-recyclates","supplier-european-climate-infrastructure-and-environment-executive-agency-cinea","supplier-european-commission","supplier-european-union","supplier-port-of-antwerp","supplier-purecycle-technologies"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/175231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=175231"}],"version-history":[{"count":2,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/175231\/revisions"}],"predecessor-version":[{"id":175264,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/175231\/revisions\/175264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/175256"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=175231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=175231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=175231"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=175231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}