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This covers PureCycle’s planned facility in Thailand and provides facilitated access to the approval and permitting processes required to commence business operations.
Thailand Board of Investment recognizes PureCycle’s planned polypropylene recycling facility as a large-scale, strategic-industry investment eligible for accelerated permitting
PureCycle Technologies, Inc., a U.S.-based company revolutionizing plastic recycling, announced that its wholly-owned Thailand subsidiary, PureCycle Company Limited, has been admitted to the Thailand FastPass Investment Acceleration Program by the Office of the Board of Investment of Thailand. The selection covers PureCycle’s planned polypropylene recycling facility in Rayong, Thailand and provides facilitated access to the approval and permitting processes required to commence business operations. This follows the BOI of Thailand’s recent approval of PureCycle’s investment in the project earlier this month.
The Thailand FastPass certificate, issued under Project No. E682982, is valid from May 6, 2026 through December 31, 2028. The program is reserved for large-scale investments in strategic industries that utilize advanced technology and are expected to generate substantial economic benefits for Thailand.
Under the program, PureCycle will receive coordinated facilitation across the approval and permit processes needed to launch operations from the Thai government agencies that have executed Memoranda of Understanding and Service Level Agreements with the BOI. The framework is designed to compress the timeline between investment commitment and the start of operations.
PureCycle CEO Dustin Olson said, “Being selected for Thailand FastPass is a meaningful endorsement from the Thai government of the scale, strategic value and technology of what we are building in Thailand. We thank the Board of Investment and Secretary General Narit Therdsteerasukdi for their diligence in this effort. This acceleration framework lets us advance our Thailand facility on a faster timeline while working closely with the Thai agencies whose approvals matter most to getting steel in the ground.”
The planned Thailand facility will be constructed at IRPC’s eco-industrial zone in Rayong. IRPC Public Company Limited is a Thailand-based integrated petroleum and petrochemical company. PureCycle’s Thailand facility is a central component of the Company’s growth roadmap toward one billion pounds of installed polypropylene recycling capability by 2030. Thailand combines advantaged feedstock supply, regional offtake demand across Southeast Asia, and a supportive policy environment for advanced manufacturing.
Wiebe Schipper, PureCycle’s Vice President of European and Asia Pacific Operations, added, “This selection follows a deliberate effort by our team in Thailand and our partners to position the project as a strategic anchor for the country’s circular plastics economy. We look forward to continuing to work closely with the BOI and its partner agencies as we move from approvals into execution.”
To maintain Thailand FastPass status, the program requires the project to achieve an investment of no less than 20 percent of the total investment value stated in PureCycle’s application within six months of receiving the certificate. Based on the Company’s current project plan, PureCycle considers its existing investments sufficient to meet that threshold.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
