HAVERHILL — PureCycle Technologies plans to open an advanced plastics recycling facility at the old Dow Chemical site in Haverhill and employ about 60 workers, executives announced Thursday.
The average starting pay will be between $40,000 and $50,000, according to Southern Ohio Port Authority Executive Director Jason Kester. Some operations are set to begin next summer, and the full-scale plan is set to open in 2020.
The facility will be the first of its kind to commercialize a new-age recycling process. Workers will convert dirty feedback stock into polypropylene of a virgin-like quality absent of the color, odor and other contaminants that hinder the success of existing recycling processes for polypropylene, according to a company spokesman.
Procter & Gamble, which is headquartered in Cincinnati, licenses the project to the company exclusively. P&G executives attended the official announcement, as did several other representatives from the private and public sector.
PureCycle CEO Mike Otworth, who lives in nearby Bellefonte, opened the event inside a vacant, 100,000-square-foot warehouse with an optimistic speech about the future of the region.
“We remember when this area was a prosperous, dynamic area, and we really relish the opportunity to make it that way again,” said Otworth.
Otworth is also an executive with PureCycle’s parent company, Innventure. Greg Wasson, the former CEO of Walgreens, is a co-founder of Innventure and also spoke during the announcement. “We have come together and created something incredible, and we are doing good while doing good business,” said Wasson, borrowing a phrase he said he learned from another business executive.
By we, Wasson was referring to the company, its investors and private sector and public officials throughout the region who helped land the company in southern Ohio.
Local investors include businessman Andy Glockner. Economic development groups, including the Southern Ohio Port Authority and the Lawrence Economic Development Corp. worked with Innventure and PureCycle for the better part of the last 12 months.