PureCycle Technologies has secured a major regulatory fast-track in Southeast Asia, with its Thailand subsidiary admitted to the Thai government’s investment acceleration scheme for its planned polypropylene recycling plant in Rayong.

 

The company announced that its wholly owned unit, PureCycle (Thailand) Company Limited, has been accepted into the Thailand FastPass Investment Acceleration Program run by the Office of the Board of Investment (BOI) of Thailand, marking a key step forward in advancing one of its flagship international expansion projects.

 

The FastPass designation covers PureCycle’s planned recycling facility in Rayong and streamlines access to permitting and regulatory approvals needed to begin operations. It comes shortly after the BOI’s earlier approval of the project’s investment plan.

 

The FastPass certificate, valid from May 6, 2026 through December 31, 2028, is reserved for large-scale, high-impact investments in strategic sectors using advanced technology and expected to deliver significant economic value to Thailand.

 

Under the framework, PureCycle will receive coordinated government facilitation across multiple agencies that have signed agreements with the BOI, designed to compress the timeline between investment commitment and operational launch.

 

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 facility will be located in IRPC Public Company Limited’s eco-industrial zone in Rayong. IRPC is a Thailand-based integrated petroleum and petrochemical operator, and the site is central to PureCycle’s broader growth strategy targeting one billion pounds of polypropylene recycling capacity by 2030.

 

Thailand, the company noted, offers strong feedstock supply, regional demand across Southeast Asia, and supportive industrial policy for advanced manufacturing—key factors driving the project’s location choice.

 

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 retain FastPass status, the program requires at least 20% of the total investment value to be deployed within six months of receiving certification. PureCycle said its current investment plan is sufficient to meet that requirement.

 

The technology underpinning the project is based on a global license originally developed by The Procter & Gamble Company, which enables dissolution-based recycling of polypropylene waste into reusable resin.

 

PureCycle continues to position the Thailand facility as a cornerstone of its global expansion into advanced plastics recycling markets.