1%

Recycling Rate

Less than 1% of polypropylene is collected and recycled today in the world

350

Tests

PureCycle has conducted 350+ tests over the last 7 years to evaluate their proprietary recycling technology

130

Million lbs

PureCycle's plants have the capacity to process 130 million lbs of feedstock

View Our Analysis

The Path to Drawdown: Industrial Recycling

Project Drawdown defines recycling as the increased recovery of recyclable post-consumer waste (like metals, plastic, glass, etc.) from the industrial and residential sectors of the economy. Recycling replaces the disposal of recyclable materials in landfills and reduces the need to use new material for production.

Waste from manufacturing, construction, restaurants, office buildings, schools and mines accounts for about half of all waste. All that is grouped together as “industrial and commercial waste.” Much of it, though not all, can be recycled, and a range of strategies can enhance recycling rates.

Some of these strategies include create marketplaces for secondary materials to facilitate the exchange of recyclable and reusable goods, innovation in conversion technologies to make more materials recyclable, and adopting circular business models to recapture “waste” as a valuable resource.

Recycling industrial and commercial material can reduce emissions because producing new products from recovered materials often saves energy. As one example, forging recycled aluminum products uses 95% less energy than creating them from virgin materials.

Project Drawdown estimates that, by 2050, a serious commitment to recycling can help avoid 6.02 gigatons of GHG emissions. To get there, recycling practices need to be adopted much more widely that they are now:

  • <::marker> In 2014, 27% of recyclable waste was recycled
  • <::marker> By 2050, 68% of recyclable materials should be recycled
  • <::marker> That’s 2.6% CAGR between 2014 and 2050

If we can achieve this 68% recycling scenario, we can avoid up to 6.02 gigatons of GHG emissions.

What We Want to See Improve

Disclose Sustainability Metrics

As a relatively new company, PureCycle hasn't yet published any sustainability information. While we're excited about the core business that PureCycle offers - plastic recycling - we also need to know their own carbon footprint and energy use. So we urge PureCycle's executives to publish an annual sustainability report that includes key sustainability metrics like absolute greenhouse gas emissions, emissions avoided, level of energy use, and sources of that energy.

Set Clear Targets

Once they disclose sustainability metrics, we then would like to see PureCyle setting targets to cut emissions. These targets should include both short- and long-term goals for the company to work toward zero emissions by the end of this decade.

Related Metal Recycling Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description

1.02%

LKQ Corp (LKQ)

LKQ recycles thousands of used vehicles into salable parts, tires, fluids and oil - a circular economy model that reduces virgin material use and emissions

0.52%

IAA, Inc. (IAA)

IAA provides a digital marketplace where total-loss, damaged and low-value cars are bought and sold. It’s a valuable industrial recycling service

0.24%

Commercial Metals (CMC)

CMC buys scrap steel and other metals and recycles them into metal products for construction. This reduces virgin material use, energy use and emissions

0.10%

PureCycle Technologies, Inc. (PCT)

PureCycle sells technology that turns polypropylene into virgin-like plastic material. Industrial recycling conserves resources and cuts emissions

0.09%

Harsco Corporation (HSC)

Harsco recycles industrial materials from the metal, railways and energy sectors, which expands the circular economy and reduces virgin materials use

0.05%

Loop Industries (LOOP)

Loop recycles low-value plastics to create high-quality plastics - a circular economy business that reduces virgin material use and emissions

0.02%

Aqua Metals (AQMS)

Aqua Metals turns used lead acid batteries into pure lead and plastic chips. Now that’s a circular economy model

Attend Our Next Webinar

Attend Our Next Webinar

Join our next Sustainable Investing 101 webinar, get our favorite DIY options, and walk through how we build our portfolios.

Register
Get Our Newsletter

Get Our Newsletter

Go a level deeper with us and investigate the potential impacts of climate change on investments like your retirement account.

Talk To A Human

Talk To A Human

Joining a new investment service can be intimidating. We’re here for you. Click below to email us a question or book a quick call.

Ask a Question