Purecycle Technologies Inc Stock Price, News & Analysis

PureCycle Technologies (NASDAQ: PCT) announced a corporate update conference call on November 11, 2021, at 11:00 a.m. ET to discuss recent developments and third-quarter activities. A press release will precede the call, detailing the company's strategic plans. Participants are encouraged to join 5-10 minutes early. For replay, call (855) 859-2056 until November 18, 2021. PureCycle holds a global license for patented recycling technology that purifies waste polypropylene into ultra-pure resin.

PureCycle Technologies, Inc. (NASDAQ: PCT) announced that Michael Dee, CFO, will present at a climate tech webinar titled "Looking Towards Glasgow" on October 27, 2021, from 9:30 a.m. to 11:30 a.m. Eastern Time. The event is sponsored by Roth Capital and the Permanent Missions of Costa Rica and the Maldives to the UN, focusing on climate change management. Dee's presentation will detail PureCycle's innovative method for recycling polypropylene into ultra-pure resin, setting the stage for its role in sustainability.

PureCycle Technologies (PCT) announced the opening of a recycling prep facility in Winter Garden, Florida, aimed at processing polypropylene plastics, a significant contributor to plastic waste. This facility is expected to increase recycling rates in the region by converting waste into ultra-pure recycled polypropylene using proprietary technology. The initiative aligns with PureCycle's mission to create a circular economy and reduce plastic pollution. CEO Mike Otworth emphasized the need for better recycling solutions, stating that currently less than 1% of polypropylene is recycled globally.

PureCycle Technologies, Inc. (PCT) has signed a memorandum of understanding (MOU) with Mitsui & Co., Ltd. to develop a recycling facility in Japan focused on converting polypropylene waste into Ultra-Pure Recycled Polypropylene (UPRP). The partnership aims to enhance sustainability and reduce plastic waste. The MOU follows PureCycle's progress in constructing its flagship facility in Ironton, Ohio, which is expected to start production by Q4 2022. The company has secured over 20 years of UPRP output sales, indicating strong demand from brands like L'Oréal.

PureCycle Technologies (NASDAQ:PCT) will present at the 10th Annual Gateway Conference on September 8, 2021, at 2:00 p.m. Eastern time. This virtual event allows management to engage with institutional investors through one-on-one meetings. The conference has a history of connecting public and private growth companies with thousands of investors and analysts. PureCycle focuses on recycling polypropylene using patented solvent-based technology developed by Procter & Gamble, producing ultra-pure resin suitable for various markets. A live webcast and replay will be available.

PureCycle Technologies (Nasdaq: PCT) has signed a memorandum of understanding (MOU) with SK Global Chemical to establish a recycling facility in South Korea. This partnership aims to convert polypropylene waste into ultra-pure polypropylene resin, addressing global plastic waste issues. CEO Mike Otworth emphasized the goal of recycling one billion pounds of polypropylene waste by 2025. The MOU is pivotal for developing solvent-based recycling operations in Asia Pacific, complementing existing U.S. facilities. PureCycle's technology effectively processes contaminated polypropylene waste, supporting its sustainability mission.

PureCycle Technologies, Inc. (PCT) announced its second-quarter financial results and corporate developments on August 12, 2021. The company confirmed that its Ironton, Ohio Plant 1 remains on schedule for commissioning in Q4 2022, with a capacity of 107 million pounds. They secured a site for Plant 2 in Augusta, Georgia, which is expected to produce up to 650 million pounds annually. The company reported total liquidity of $539 million and plans to finalize additional feedstock agreements. Strategic progress includes ongoing negotiations for 300 million pounds of feedstock.

PureCycle Technologies, Inc. (Nasdaq: PCT) has partnered with Gulfspan Industrial, LLC to establish construction space in Beaumont, Texas, focused on fabricating modular processing lines. This collaboration aims to enhance PureCycle's capacity to recycle polypropylene into ultra-pure plastic resin, streamlining the construction process for future global installations. Currently, Gulfspan is supporting PureCycle's Ironton, Ohio plant, expected to begin production in Q4 2022, and the new Augusta, Georgia facility, projected to produce up to 650 million pounds of recycled polypropylene.