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. (PCT) delivers innovative plastic recycling solutions through its patented purification process, transforming polypropylene waste into high-performance sustainable materials. This news hub provides investors and industry stakeholders with essential updates on operational milestones, technological advancements, and market developments.
Access timely press releases covering earnings reports, strategic partnerships, and production capacity expansions. Our curated news collection enables informed decision-making by tracking PCT's progress in scaling its solvent-based recycling technology and expanding applications across packaging, automotive, and consumer goods sectors.
Discover updates on PureCycle's sustainability initiatives, regulatory compliance achievements, and quality certifications. Content is sourced directly from company filings and verified partners to ensure reliability. Bookmark this page for continuous access to PCT's evolving role in advancing circular economy solutions through industrial-scale plastic recycling innovation.
PureCycle Technologies (NASDAQ: PCT) announced the appointment of two new board members: Steven F. Bouck, former president of Waste Connections, and Allen Jacoby, chief strategy officer at Milliken & Company, effective March 15, 2022. Their combined 50 years of industry experience are expected to enhance PureCycle's mission in the recycling sector. The announcement also included the resignation of founding board member Richard Brenner to focus on other business commitments. Following these changes, the board consists of eight members, six of whom are independent.
PureCycle Technologies, Inc. (NASDAQ: PCT) has announced a corporate update and financial results for Q4 2021. The company secured a private placement of common stock and warrants, generating approximately $250 million from existing and new investors, including SK geo centric. This funding will support the development of purification facilities in Augusta and Ironton, along with operational expenses. The firm reported total liquidity of $431.2 million, with a goal to commence construction in Augusta on March 22, 2022. The company continues to gain traction in feedstock commitments and aims for significant production capacity.
PureCycle Technologies (Nasdaq: PCT) is collaborating with iSustain Recycling to implement its PureZero™ program at the Plastics Recycling Conference in Washington, D.C., from March 7-9, 2022. This initiative aims to achieve a PureZero waste footprint during the event, which attracts over 2,000 attendees.
The program focuses on recycling No. 5 plastics, transforming them into reusable materials. A QR code on polypropylene cups will guide attendees to learn more about the partnership, promoting sustainability in waste management.
PureCycle Technologies (Nasdaq: PCT) has rescheduled its fourth quarter 2021 corporate update conference call to March 9, 2022, at 11:00 a.m. ET. Attendees can access the call via toll-free and international numbers provided in the announcement. The call will discuss recent corporate developments, including fourth quarter activity and future strategic plans. A replay will be available after 2 p.m. ET on the same day, continuing through March 16, 2022.
PureCycle Technologies, Inc. (Nasdaq: PCT) has announced a conference call scheduled for March 3, 2022, at 11:00 a.m. ET to discuss recent corporate developments and fourth-quarter activity. A detailed press release will precede the call, covering strategic future plans. Investors can join the call via toll-free or international dial-in numbers. The call will also feature a live Q&A session and will be available for replay after 2 p.m. ET on the same day through March 10, 2022.
PureCycle Technologies (Nasdaq: PCT) has collaborated with EXPLR Media to feature its innovative plastic recycling process in an episode of the series "Everyday Science Stuff," set to premiere on January 26, 2022. The episode aims to educate young audiences about recycling technology and its environmental benefits, highlighting PureCycle's proprietary method that transforms polypropylene waste into ultra-pure resin. The event at the Orlando Science Center will include a screening for students and media interviews.
SK geo centric and PureCycle Technologies (PCT) have signed a non-binding head of agreement to establish Asia's first recycled polypropylene plant in Ulsan, South Korea. The facility will boast an annual capacity of 60,000 tons and aims for completion by late 2024. This venture follows a memorandum of understanding initiated in August 2021. The partnership will leverage PureCycle's patented technology to convert contaminated PP waste into ultra-pure recycled plastic, addressing global plastic waste issues.
PureCycle Technologies (NASDAQ: PCT) announced its Q3 2021 financial results and corporate updates. The Ironton, Ohio plant is on track to be operational in Q4 2022, producing 107 million pounds of Ultra-Pure Recycled resin annually. The company identified a 1.6 billion-pound feedstock supply and completed the submission of its FDA Letter of No Objection. Total liquidity stands at $494.1 million. Investments increased project costs by $30-40 million due to processing improvements, but demand for its Feedstock+ pricing model remains strong.
PureCycle Technologies (Nasdaq: PCT) has entered into a strategic partnership with the Cleveland Browns, becoming their official plastic recycling partner. This collaboration aims to enhance plastic waste management at the stadium and promote sustainability during games. The partnership will launch on America Recycles Day (Nov. 15) with a volunteering event at Chambers Elementary School. PureCycle's innovative PureZero waste program will facilitate the recycling of polypropylene waste from games into ultra-pure recycled plastic, benefiting both the Browns and the surrounding community.
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