Now, PureCycle has signed a Memorandum of Understanding (MOU) with global investment company Mitsui & Co. to develop and operate a recycling facility in Japan dedicated to transforming PP waste into ultra-pure recycled polypropylene. Mitsui hopes the plant will help it to reduce plastic waste and develop a circular economy for PP in Japan. Mitsui plans to use plastic waste as the raw material, using it to manufacture recycled PP resin, then use the resin to create new consumer goods which in turn would be recycled.