PureCycle TechnologiesNASDAQ: PCT

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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.

PureCycle is making progress towards commercial operations at its polypropylene recycling facility, with potential customers using PCT recycled pellets in numerous products. The company still faces technical challenges but has resolved many issues in the first half of 2024. in resolving operational issues at its IronTon facility. PCT's financial situation has changed, it is low on cash and must prove the commercial viability of its operation as well as its technical viability.

ORLANDO, FL / ACCESSWIRE / June 4, 2024 / PureCycle Technologies, Inc. (NASDAQ:PCT) is scheduled to participate in Stifel's upcoming investor conference on June 5. Details and the link to participate are below: Date: Wednesday, June 5, 2024 Time: 10:20 a.m.

PureCycle Technologies is facing difficulties in executing its plans.

PureCycle Technologies is turning plastic waste into purified recycled resin. The company's first facility is now online supporting a strong growth outlook. PCT stock is speculative and high-risk, but we see room for a rally amid several positive developments and catalysts into 2024.