PureCycle Technologies (PCT) Company Overview

ORLANDO, FL / ACCESS Newswire / February 5, 2025 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, entered into a transaction anchored by Pleiad Investment Advisors Limited, with participation from Sylebra Capital Management, and Samlyn Capital, LLC to raise gross proceeds of $33 million. PureCycle anticipates that the transaction will close on February 6, 2025.

ORLANDO, FL / ACCESS Newswire / January 21, 2025 / PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced the initial sale of nearly 500,000 pounds of resin to Drake Extrusion Inc. (Drake) for the production of continuous filament yarns, which could be used to make items such as rugs, upholstery, and apparel. Drake is North America's leading manufacturer of colored filament yarn, and staple fiber.

PureCycle Technologies, leveraging proprietary technology licensed from Procter & Gamble, converts polypropylene waste into ultra-pure recycled resin, positioning itself as a leader in the nascent plastics recycling industry. Despite high volatility and significant risks, including operational delays and financial constraints, PCT's innovative approach and strong leadership offer substantial growth potential and environmental benefits. The company has made strategic partnerships and agreements with major brands like Nestlé and L'Oréal and aims to ramp up production significantly by 2027.

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Christian Bruey - Director of Communications. Dustin Olson - CEO Jaime Vasquez - CFO Conference Call Participants Hassan Ahmed - Alembic Global Advisors Eric Stine - Craig-Hallum Capital Group Thomas Boyes - TD Cowen Andres Sheppard-Slinger - Cantor Fitzgerald Brian Butler - Stifel Gerard Sweeney - ROTH Capital Operator Good day, and thank you for standing by.

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PureCycle Technologies NYSE: PCT is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors.

PureCycle is a pre-revenue plastics recycling company on the verge of commercialization. The cash-strapped company received a cash infusion from its private equity partners and announced progress at its Ironton facility.

PureCycle Technologies has struggled to scale its polypropylene recycling plant, failing to generate material sales despite initial promises at its SPAC. The company faces significant challenges with its co-product 2 (CP2), impacting its ability to get to nameplate production. PCT's shift to selling compounded products, blending recycled material with virgin or post-industrial plastic, indicates a deviation from its original ultrapure resin goal.

IRONTON, OH / ACCESSWIRE / August 8, 2024 / PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced a corporate update for the second quarter ending June 30, 2024. Management Commentary PureCycle CEO Dustin Olson said, "Our team made foundational progress in the second quarter, in terms of production, improving our reliability, and with higher levels of co-product 2 or CP2.