PureCycle Technologies

Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. It's process includes two steps: Feed Pre-Processing (“Feed PreP”) and the use of the Technology for purification. The company was founded by John Scott on September 15, 2015 and is headquartered in Orlando, FL.

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PureCycle Technologies progresses on Ironton facility, secures funding for growth

PureCycle Technologies is on track with the Ironton facility nearing completion and plans for significant resin production in 2023, supported by a new line of credit.
The company's focus on cost savings, strategic partnerships, and operational efficiency positions it well for long-term success and margin improvement.
While facing challenges in initial costs, funding requirements, and operational focus, PureCycle Technologies has opportunities for growth through expansion projects and cost-saving strategies.

PureCycle achieves operational milestone, poised for global resin production

PureCycle Technologies is on track for operational success with the completion of the Ironton facility and a focus on producing ultra pure recycled resin.
The company's strengths lie in its operational readiness, financial management, and partnerships, while challenges include equipment issues and investor expectations.
Opportunities for PureCycle include global expansion, sustainable growth, and meeting market demand for high-quality recycled resin products.

PureCycle Technologies achieves operational milestones and eyes international expansion

PureCycle Technologies' Q2 2023 Earnings Call highlighted operational success, financial strength, and market expansion opportunities. Despite challenges in the polypropylene market, the company remains confident in its product quality and technology scalability, aiming for future growth and international expansion.

PureCycle achieves operational milestones, secures financial backing for growth

PureCycle Technologies demonstrated strong operational and financial performance in Q3 2023, showcasing technology reliability and environmental impact.
While facing operational challenges and financial management issues, the company remains proactive in addressing setbacks and securing future growth opportunities.
Confidence in achieving high production rates, plans for ramping up production, and leveraging learnings for future plants position PureCycle for continued success.
The company's focus on efficiency, environmental impact, and operational improvements highlights its commitment to sustainable growth and innovation.

PureCycle Technologies achieves milestones, eyes growth amid operational challenges

PureCycle Technologies reported strong operational and financial performance, with a positive outlook for future fundamentals. Despite challenges, the company's strategic initiatives and confidence in its projects position it well for growth and success.

PureCycle Technologies reports record-breaking Q3 production growth and positive market feedback

PureCycle Technologies had a stellar Q3, achieving record production growth and making strides in various operational areas. The company's focus on commercial efforts and positive market feedback position it well for future success. While challenges in scaling production exist, opportunities for revenue growth and market expansion are abundant.

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Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. Its process includes two steps: Feed Pre-Processing and the use of the Technology for purification. The company was founded by John Scott in September 2015 and is headquartered in Orlando, FL.

PureCycle Technologies shares rose after the fourth-quarter 2022 report, rebounding sharply from last week's 52-week low. Although smaller than more established operators, PureCycle aspires to become a well-known player in the industry of converting waste plastics into ultra-pure recycled resins.

PureCycle: Upside Potential Increases As Ironton Approaches Production

Next step in bringing polypropylene recycling plant to Japan ORLANDO, Fla. , March 17, 2023 /PRNewswire/ --  PureCycle Technologies (NASDAQ: PCT) and Mitsui & Co. Ltd.

PURECYCLE, MITSUI SIGN HEADS OF AGREEMENT

PureCycle Technologies continues to make progress in developing its first commercial-scale recycling facility. The company is partnering with Formerra for North American distribution of its ultrapure recycled polypropylene resin,

Why Shares of PureCycle Technologies Popped Today

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q4 2022 Results Conference Call March 16, 2023 10:00 AM ET Company Participants Charlie Place - Director of Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel Noah Kaye - Oppenheimer Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Thomas Boyes - Cowen Hassan Ahmed - Alembic Global Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2022 Corporate Update Call.

PureCycle Technologies, Inc. (PCT) Q4 2022 Earnings Call Transcript

PureCycle resin augments Formerra's sustainable materials portfolio ORLANDO, Fla. , March 16, 2023 /PRNewswire/ -- PureCycle Technologies (NASDAQ: PCT) today announced a new partnership with Formerra , a leading engineered materials distributor.

PURECYCLE, FORMERRA ANNOUNCE STRATEGIC DISTRIBUTION PARTNERSHIP

-PureCycle's flagship purification facility in Ironton, Ohio, ("Ironton") is nearly mechanically complete with the final systems expected to be complete in April. -PureCycle executed a mutually agreeable limited waiver with the Ironton Bondholders to extend completion milestones with transfer of funds to specific accounts for project closure and operations.

PureCycle Technologies Provides Fourth Quarter 2022 Update

ORLANDO, Fla. , March 10, 2023 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, March 16, 2023, to provide an update on recent corporate developments, specifically where we are in the process of mechanical completion and start-up commissioning of our flagship purification facility in Ironton, Ohio.

PureCycle Technologies Schedules Fourth Quarter 2022 Corporate Update Conference Call for Thursday, March 16, 2023, at 10:00 a.m. ET

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A new deal in Europe saw investors celebrating this plastic recycling stock.

Why Shares of PureCycle Technologies Were Rising This Week

PureCycle Selected as NextGen District Concessionaire in Competitive Bid Process ORLANDO, Fla. , Jan. 17, 2023 /PRNewswire/ -- PureCycle Technologies , Inc. (NASDAQ: PCT) and the Port of Antwerp-Bruges today announced that PureCycle intends to build its first polypropylene (PP) recycling facility in Europe in the port's fast-growing NextGen District located in Belgium.

PURECYCLE, PORT OF ANTWERP-BRUGES ANNOUNCE NEXTGEN DISTRICT AS LOCATION FOR PURECYCLE'S FIRST PLASTIC RECYCLING PLANT IN EUROPE

Globally, the demand and supply of polypropylene can create the conditions for very profitable markets. With such a rapidly growing market, there is also room for small operator PureCycle Technologies, Inc., which will start up its first production line in Ohio this quarter.

Why PureCycle Technologies Should Rebound

PureCycle's Ironton, OH Facility is on Track to Start Producing Pellets Q1 2023 ORLANDO, Fla. , Dec. 19, 2022 /PRNewswire/ --  PureCycle Technologies ' (NASDAQ: PCT) Munich-based partner KraussMaffei , a world leading manufacturer of plastics and rubber processing machines, today, delivered the final piece of major equipment needed for PureCycle's Ironton, Ohio purification plant, overcoming delays caused by supply-chain challenges.

KraussMaffei Delivers Final Extruder for PureCycle's Flagship Purification Plant Ahead of Schedule

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Charlie Place - Director, Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Hassan Ahmed - Alembic Global Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Brian Butler - Stifel Thomas Boyes - Cowen Operator Ladies and gentlemen, thank you for standing by and welcome to the PureCycle Technologies Third Quarter 2022 Corporate Update. At this time, all participants are in a listen-only mode.

PureCycle Technologies, Inc. (PCT) Q3 2022 Earnings Call Transcript

-PureCycle's flagship purification facility in Ironton, Ohio, ("Ironton") targeting mechanical completion and pellet production in the first quarter of 2023. -Closed on offtake agreements representing 106.0 million pounds of ultra-pure recycled ("UPR") resin bringing total signed offtake agreements to 111% of nameplate capacity for Augusta lines 1 and 2.

PureCycle Technologies Provides Third Quarter 2022 Update

ORLANDO, Fla. , Nov. 2, 2022 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT) and the Orlando Magic are teaming up to divert thousands of pieces of plastic waste from being landfilled or flowing into Central Florida waterways.

Orlando Magic Advance Sustainability Efforts with PureCycle's PureZero™ Program

Over 15,000 election signs will be collected and recycled in Volusia, Seminole, and Orange Counties diverting 10,000 pounds of plastic waste from Florida landfills and waterways ORLANDO, Fla. , Nov. 1, 2022 /PRNewswire/ --  PureCycle Technologies, Inc. (NASDAQ: PCT) is announcing today its plans to work with the League of Women Voters (LWV) of Volusia, Seminole, and Orange Counties to collect and recycle over 15,000 political signs in Central Florida after the November 8th midterm elections.

PureCycle, League of Women Voters Partner in Nonpartisan Effort to Clean Up and Recycle Campaign Signs

Release of first fully sustainable, odorless concentrate for polypropylene (PP) based on a recycled resin carrier Dedicated to developing a "no-compromise" solution that promises high quality and no adjustments to operations Partnership will continue to grow to bring in more new technologies GHENT, Belgium , Oct. 21, 2022 /PRNewswire/ -- Today, Milliken & Company, a trusted expert in polymer additive and colorant technology, and diversified global manufacturer, and PureCycle Technologies, Inc. (NASDAQ: PCT), jointly announced that they have created the first fully sustainable concentrate for PP on the market. This development advances circularity, since the concentrate based on PureCycle materials will allow for greater use of 100% recycled content.

Milliken and PureCycle advance circularity by launching new concentrate using recycled PP resin

SKGC and PureCycle signed an agreement to create a joint venture on October, 20 2022. The signing ceremony was attended by Na Kyung-soo, CEO of SKGC, and Dustin Olson, CEO of PureCycle With 50/50 ownership, the two companies will jointly invest in constructing a Polypropylene ("PP") purification plant in Ulsan, South Korea with an annual capacity of up to 60,000 tons ORLANDO, Fla.

PureCycle Technologies, Inc. and SK geo centric Invest in Building First Polypropylene Recycling Plant in Asia

ORLANDO, Fla. , Oct. 17, 2022 /PRNewswire/ -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, November 10, 2022, to provide an update on recent corporate developments.

PureCycle Technologies Schedules Third Quarter 2022 Corporate Update Conference Call for Thursday, November 10, 2022, at 11:00 a.m. ET

The mean of analysts' price targets for PureCycle Technologies, Inc. (PCT) points to an 89% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict an 89% Upside in PureCycle Technologies, Inc. (PCT): Here's What You Should Know

PureCycle Technologies, Inc. (PCT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

PureCycle Technologies, Inc. (PCT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

The consensus price target hints at a 54.2% upside potential for PureCycle Technologies, Inc. (PCT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can PureCycle Technologies, Inc. (PCT) Climb 54% to Reach the Level Wall Street Analysts Expect?

PureCycle Technologies, Inc. (NASDAQ:PCT ) Q2 2022 Earnings Conference Call August 12, 2022 11:00 AM ET Corporate Participants Charlie Place - Director, Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Hassan Ahmed - Alembic Global Noah Kaye - Oppenheimer Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Capital Thomas Boyes - Cowen Vivek Arora - Jefferies Operator Good day and thank you for standing by and welcome to the PureCycle Technologies Second Quarter 2022 Corporate Update Call. At this time all participants are in a listen-only mode.

PureCycle Technologies, Inc. (PCT) CEO Dustin Olson on Q2 2022 Results - Earnings Call Transcript

-Project debt financing to fund Augusta's first two purification lines and three East Coast PreP facilities expected to be completed by the fourth quarter. -Received FDA prenotification letter confirming that the company will receive an agency opinion letter for the use of food-grade post-industrial recycled materials for all food types under Conditions of Use A-H, and a Letter of No Objection (LNO) for all food types under Conditions of Use E-G for food-grade post-consumer (stadium trash) recycled feedstock.

News for PureCycle Technologies Stock (PCT)