Welcome to our dedicated page for Purecycle Technologies news (Ticker: PCT), a resource for investors and traders seeking the latest updates and insights on Purecycle Technologies stock.
PureCycle Technologies, Inc. (Nasdaq: PCT) is a U.S.-based plastics material and resin manufacturer focused on recycling polypropylene plastic waste into PureFive resin using a patented dissolution recycling process licensed from The Procter & Gamble Company. The PureCycle news feed highlights company announcements, operational updates, certifications, partnerships, and capital markets disclosures that relate to this recycling-focused business.
News coverage for PCT often features developments at the company’s Ironton, Ohio dissolution recycling facility, including production milestones for PureFive resin and the expansion of its product portfolio into applications such as food packaging, cups and containers, caps and closures, textiles, and BOPP film. Articles also describe collaborations with partners like Churchill Container, where PureFive resin is used in Run It Back cups and containers, and trials with Brückner Maschinenbau GmbH for BOPP film production.
Investors and industry observers can use this page to follow updates on certifications and regulatory milestones, such as the Association of Plastic Recyclers’ Post-Consumer Resin Certification for PureFive resin and the REACH Certificate of Compliance that allows sales of PureFive resin in the European Union. The news feed also includes information about PureCycle’s international expansion plans, including projects in Thailand and at the port of Antwerp in Belgium, as well as corporate governance changes documented in press releases and related SEC filings.
In addition, PureCycle’s news items may cover financial and corporate updates, such as quarterly corporate update calls, production and commercialization progress, and recognition through industry awards like the U.S. Plastics Pact Sustainable Packaging Innovation Award. Regularly reviewing PCT news can help readers track how the company’s polypropylene recycling technology is being applied across markets and how its projects and partnerships are evolving over time.
PureCycle Technologies (NASDAQ:PCT), a U.S.-based plastic recycling company, has announced its upcoming first quarter 2025 corporate update conference call scheduled for May 7, 2025, at 5:00 p.m. EDT.
The company will release a press release detailing recent corporate developments and Q1 activities prior to the call. The conference will feature a live Q&A session, with management addressing pre-submitted investor questions sent to investorquestion@purecycle.com.
Participants can join through a webcast link for listen-only access, while analysts can dial (800) 715-9871 to participate in the Q&A session. A replay of the corporate update will be available through August 6, 2025.
PureCycle Technologies (Nasdaq:PCT) has announced the sale of Southern Ohio Port Authority Tax-Exempt Facility Revenue Bonds worth approximately $30 million in aggregate par value. The bonds were sold at $880 per $1,000 face value to investors, including Duquesne Family Office , generating about $27 million in gross proceeds.
The raised capital will support PureCycle's efforts to commercialize its patented dissolution recycling technology for polypropylene plastic waste. The company retains approximately $87 million of salable Series A1 Southern Ohio Port Authority Revenue Bonds.
PureCycle's technology, licensed from Procter & Gamble Company, is designed to transform #5 plastic waste into PureFive™ resin through a unique purification process that removes color, odor, and other impurities, enabling multiple recycling cycles.
PureCycle Technologies (Nasdaq:PCT) has announced a strategic collaboration with Landbell Group to enhance polypropylene (PP) plastic recycling across Europe. PureCycle Belgium will leverage its dissolution recycling technology and experience from its Ironton, Ohio facility to process PP waste into high-purity recyclate.
The partnership, initiated in January 2024, will utilize Landbell's expertise in plastic collection and sorting across Europe. Landbell will supply PP waste from household collections as feedstock for PureCycle's planned Antwerp facility, which is expected to have an annual capacity of 59,000 tonnes. This collaboration aims to redirect thermoplastic polymer commonly used in packaging towards high-quality recycling.
PureCycle's PureFive™ recyclate, which can be recycled multiple times, serves as a drop-in replacement for virgin PP and is already being used commercially in the USA. The Ironton facility is expected to reach an annual capacity of 48,600 tonnes when fully operational.
PureCycle Technologies (PCT) has secured a $33 million investment through a private placement transaction led by Pleiad Investment Advisors , with participation from Sylebra Capital Management and Samlyn Capital, The transaction is expected to close on February 6, 2025.
The funding will support PureCycle's efforts to commercialize its patented dissolution recycling process. CEO Dustin Olson highlighted the company's progress with trials and continued pursuit of commercial success in fiber and other applications.
The private placement involves unregistered shares under the Securities Act of 1933, with PureCycle agreeing to register the resale of these shares with the SEC. The shares cannot be sold in the United States without registration or applicable exemptions.
PureCycle Technologies (NASDAQ:PCT) has received preliminary court approval for a settlement regarding shareholder derivative lawsuits and certain shareholder demand letters. The approval was granted on February 18, 2025, by the U.S. District Court for the District of Delaware.
The company, which specializes in plastic recycling technology, has been directed to disclose the settlement details to shareholders through a Notice of Proposed Settlement of Stockholder Derivative Matters. This notice, along with the complete Stipulation and Agreement of Settlement, is available on PureCycle's investor relations website.
PureCycle operates using a patented dissolution recycling technology licensed from Procter & Gamble, designed to transform polypropylene plastic waste (#5 plastic) into their PureFive™ resin product by removing color, odor, and other impurities.
PureCycle Technologies (NASDAQ:PCT) reported significant progress in Q4 2024, with notable improvements at their Ironton Facility reaching nearly 70% onstream time in December and hitting a max feed rate of 12,500 pounds per hour in February.
The company achieved key commercial milestones, including their first major sale to Drake Extrusion Inc. for continuous filament yarns and a partnership with Churchill Container for the 'Run It Back' line of recyclable stadium products. PureFive™ resin trials are ongoing with over 20 companies, including major consumer packaged goods manufacturers and packaging converters.
The Denver, PA sorting facility is now operational, creating high-quality polypropylene bales and finding outlets for waste streams. The company recently raised approximately $33 million through the sale of 4.1 million shares to investors including Pleiad Investment Advisors, Sylebra Capital Management, and Samlyn Capital.
PureCycle Technologies (PCT) has announced its upcoming fourth quarter 2024 corporate update conference call, scheduled for February 27, 2025, at 10:00 a.m. EST. The company will release a press release discussing corporate developments and Q4/FY2024 activities prior to the call.
The conference call will feature a live Q&A session for analysts, and management will address investor questions submitted in advance via email. A replay of the corporate update will be available through the company's website until February 26, 2026.
PureCycle Technologies (PCT) and Churchill Container have launched 'Run It Back', a new line of cups and containers made with up to 100% recycled PureFive™ resin. The products will be available to professional and collegiate sports teams for sustainable souvenir items in 2025.
The initiative builds on PureCycle's PureZero™ program, which has already helped recycle over 700,000 pounds of waste material at stadiums during the last two seasons through partnerships with professional football teams. The program aims to improve recycling efforts through education and best practices implementation.
The collaboration demonstrates a circular economy model where polypropylene items discarded in recycling bins at venues can be purified by PureCycle and reused by Churchill to produce new souvenir cups, targeting sports, theater, and restaurant industries.
PureCycle Technologies (PCT) has secured a $33 million financing transaction with participation from Pleiad Investment Advisors , Sylebra Capital Management, and Samlyn Capital, . The transaction is expected to close on February 6, 2025.
The raised capital will support PureCycle's efforts to commercialize its patented dissolution recycling process. CEO Dustin Olson highlighted the company's progress with trials and ongoing pursuit of commercial success in fiber and other applications.
The investment was made through a private placement of common stock shares, which are not registered under the Securities Act of 1933. PureCycle has agreed to register the resale of these shares with the SEC.
PureCycle Technologies (NASDAQ:PCT) has announced the sale of nearly 500,000 pounds of resin to Drake Extrusion Inc., North America's leading manufacturer of colored filament yarn. The sale follows Drake's successful production of continuous fiber using PureCycle's PureFive™ resin, produced from 100% post-consumer recycled feedstock at the Ironton, Ohio facility.
Drake has successfully tested PureCycle's material under various conditions, producing multiple fiber types that exceeded expectations. The development is significant as approximately 20% of global virgin polypropylene supply is used for fiber and yarn, and until now, there hasn't been a reliable recycling alternative. The partnership aims to transform the industry by introducing recycled PP solutions for textiles, with applications ranging from outdoor upholstery to apparel.
PureCycle's R&D team continues testing various compounds to increase recycled content in fiber applications and is working on compounds for staple fibers targeting carpet and automotive industries.