PureCycle & Mitsui Announce Strategic Partnership with RM TOHCELLO to Bring Recycled Polypropylene to Flexible Packaging in Japan

ORLANDO, Fla., July 15, 2026 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, announced a strategic partnership with RM TOHCELLO Co., Ltd. (RM TOHCELLO), one of the world's largest producers of biaxially oriented polypropylene (BOPP) film and Mitsui & Co., Ltd. (Mitsui), a global trading and investment company that collaborates with PureCycle. The partnership marks a significant breakthrough in sustainable packaging, as BOPP film has historically been one of the most difficult applications to achieve with meaningful recycled content, due to the extremely high purity that is required.

The partnership was initiated in Q1 2023, when RM TOHCELLO began running initial samples of PureFive^® resin provided by PureCycle & Mitsui. Those early-stage trials produced promising results, paving the way for pilot-scale production runs that have since been successfully completed. The partners are now preparing to introduce these pioneering materials to converters and brand owners in Japan, with the execution of a formal commercial agreement anticipated in 2027 and shipments to Japan following compliance with import regulations.

"This partnership represents exactly the kind of step-change we envisioned when PureCycle's technology was developed. We're unlocking an entire segment of applications where recycled content had been locked out," said Wiebe Schipper, PureCycle VP of European and Asia Pacific Operations. "The fact that we have now successfully completed trials with one of the world's premier film producers is a powerful validation of what our resin can do. We are energized by what this means for our customers, for brand owners, and for the future of sustainable packaging."

BOPP film is used extensively across food packaging, labels, and consumer goods. These are applications where optical clarity, consistency, and performance are necessary. Mechanically recycled polypropylene has long fallen short of the stringent quality requirements these applications demand, which has kept recycled content from being used in this high-value segment of the packaging market.

"Flexible films are one of the fastest growing segments in packaging and we've been waiting for a solution like PureCycle's to allow us to start using recycled content in BOPP film and PP sealant film," said Masaru Furukawa, RM TOHCELLO Executive Officer, Head, Business Sector. "We believe these innovative films can help transform post-consumer waste into materials contributing to GHG-emission avoidance. We would like to promote application developments with our value chain partners."

PureCycle's proprietary dissolution recycling technology removes additives, colors, odors and other impurities from post-consumer polypropylene waste. PureCycle produces a third-party certified recycled resin that has proven successful in a wide range of applications.

PureCycle Contact
Christian Bruey
[email protected]

Investor Relations ContactEric [email protected]

About PureCycle Technologies
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™ resin that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com

About RM TOHCELLO
RM TOHCELLO CO., LTD. delivers packaging films and form molded sheets used for food, beverages, daily necessities, packing materials and others globally., and have been studying market needs and proposing innovative solutions regarding cutting edge technologies.

Diverse product line-ups contribute to solving various social issues related to plastic packaging with integrated operations from research and development to production and sales.

RM Tohcello are promoting for protecting people's lives, enriching society, and preserving the global environment through packaging films and sheets continuously.
RM TOHCELLO CO., LTD. | Packaging films & sheets for your life

‍About Mitsui
Mitsui is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries. The company identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders.

Forward Looking Statements
This press release contains forward-looking statements, including statements about the continued execution of PureCycle's business plan, PureCycle expected financial expenditures, future cash needs and availability of liquidity and the expected timing of significant construction milestones for PureCycle's planned future facilities. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements generally relate to future events or PureCycle's future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of PureCycle's management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled "Risk Factors" in each of PureCycle's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and PureCycle's Quarterly Reports on Form 10-Q for various quarterly periods, those discussed and identified in other public filings made with the Securities and Exchange Commission by PureCycle and the following: PCT's ability to obtain funding for our operations, future capital requirements and future growth, and to continue as a going concern; PCT's ability to meet, continue to meet, and comply on an ongoing basis with, the numerous regulatory requirements applicable to its PureFive^® resin both generally and in food-grade applications and, more broadly, the operations and construction of PCT's facilities (including in the United States, Europe, Asia and other future international locations); expectations and changes regarding PCT's strategies and future financial performance, including future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PCT's ability to invest in growth initiatives, which could be impacted by significant changes to tariffs on foreign imports; the ability of PCT's first commercial-scale recycling facility in Lawrence County, Ohio (the "Ironton Facility") to be appropriately certified by Leidos (as defined below), following certain performance and other tests, and commence full-scale commercial operations in a timely and cost-effective manner, or at all; PCT's ability to meet, and to continue to meet, the requirements imposed upon us and our subsidiaries by the funding for its operations, including the funding for the Ironton Facility and the Planned Facilities (as defined below); PCT's ability to minimize or eliminate the many hazards and operational risks at its manufacturing facilities that can result in potential injury to individuals, disrupt PCT's business, including interruptions or disruptions in operations at PCT's facilities, and subject PCT to liability and increased costs; PCT's ability to complete the necessary funding with respect to, and complete the construction of, the new polypropylene recycling facility in Thailand (the "Thailand Facility"), PCT's first commercial-scale European plant located in Antwerp, Belgium (the "Belgium Facility"), and the purification facility to be built in Augusta, Georgia (the "Augusta Facility" and, together with the Thailand Facility and the Belgium Facility, the "Planned Facilities") in a timely and cost-effective manner; PCT's ability to procure, sort and process polypropylene plastic waste at our planned plastic waste prep facilities; PCT's ability to maintain exclusivity under The Procter & Gamble Company license; the implementation, market acceptance and success of PCT's business model and growth strategy, which includes PCT's ability to bring a total of one billion pounds of installed polypropylene recycling capability online by 2030, and PCT's ability to meet related construction, regulatory, and financing requirements; the ability to negotiate multi-year offtake agreements at appropriate margins to fund ongoing operations; the possibility that PCT may be adversely affected or potentially impacted by economic, business, and/or competitive factors, including interest rates, availability of capital, economic cycles, and other macro-economic impacts (such as tariffs); changes in the prices and availability of materials (such as steel and other materials needed for the construction of future Feed PreP and purification facilities), including those changes caused by inflation, tariffs and supply chain conditions, such as increased transportation costs and global conflicts, and our ability to obtain such materials in a timely and cost-effective manner; the ability to source feedstock with a high polypropylene content at a reasonable cost and the temporary spike in prices due to global conflicts such as the current conflict in the Middle East; the development of direct competitors in the recycled polypropylene segment that could impact the demand for PCT's products; the outcome of any legal or regulatory proceedings to which PCT is, or may become, a party; geopolitical risk and changes in applicable laws or regulations; changes in the prices and availability of labor (including labor shortages), turnover in employees, and increases in employee-related costs; any business disruptions due to political or economic instability, pandemics, or armed hostilities (including the ongoing conflicts between Russia and Ukraine and various parties in the Middle East); and operational risks associated with the ability to operate the Ironton Facility and the Planned Facilities, as and when operative, at nameplate capacity.

PCT undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Should one or more of these risks or uncertainties materialize or should any of the assumptions made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.