Purecycle Technologies Inc Stock Price, News & Analysis

On March 24, 2022, PureCycle Technologies (Nasdaq: PCT) was honored as one of the 'Best Places to Work' by Plastic News, ranking No. 9 among 22 finalists. This accolade reflects the company's commitment to its employees and innovative efforts in plastic recycling. The awards ceremony took place on March 23, emphasizing workplace policies and employee satisfaction. Dan Holloway, VP of HR, credited the achievement to the dedication of the PureCycle team in revolutionizing plastic waste into renewable resources.

PureCycle Technologies (PCT) has commenced construction on its second U.S. plastic waste purification facility in Augusta, Georgia. This new site aims to enhance production of ultra-pure recycled (UPR) resin, with the capacity for 1 billion pounds of recycled plastic annually across up to 8 purification lines. The expansion is supported by a recent $250 million private equity capital raise and aims to address the challenge of No. 5 plastic waste. The facility is expected to contribute to the local economy by creating jobs and supporting sustainability efforts.

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.