May 20, 2021
US recycling firm PureCycle Technologies claims to be âon trackâ with the construction of its first manufacturing plant, in Ironton, Ohio (Plant 1) after providing a first-quarter financial update.
The company, which is commercialising a novel solvent-based purification process for PP, said both Plant 1 and the starting line engineering on a second commercial facility (Plant 2) â which began in April â remain on course for completion.
In all, ten lines are planned to be built across four sites by 2024, with annual capacity for each line set at 130 million lbs (59,000 tonnes). Europe has been earmarked as a location for one of the sites.
Aânational shareholder rights litigation firm is one of at least three firms placing PureCycle Technologies, Inc., under a microscope, according to Business Wire.
Multiple financial reports, including a detailed analysis conducted by Hindenburg Research, are alluding to PureCycle having committed potential violations of securities laws.
The Schall Law Firm announced it is investigating these claims on behalf of PureCycle investors. Gibbs Law Group and Rosen are other firms doing the same.
The investigation, according to Business Wire, focuses on whether the company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
PureCycle announced the completion of a SPAC merger with Roth CHâAcquisition, making PureCycle (PCT)âan official NASDAQ listing in late March.
Aânational shareholder rights litigation firm is one of at least three firms placing PureCycle Technologies, Inc., under a microscope, according to Business Wire.
Multiple financial reports, including a detailed analysis conducted by Hindenburg Research, are alluding to PureCycle having committed potential violations of securities laws.
The Schall Law Firm announced it is investigating these claims on behalf of PureCycle investors. Gibbs Law Group and Rosen are other firms doing the same.
The investigation, according to Business Wire, focuses on whether the company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
PureCycle announced the completion of a SPAC merger with Roth CHâAcquisition, making PureCycle (PCT)âan official NASDAQ listing in late March.
What sources are used and what can be used?
Otworth: Snack
bags, label film, pet food bags, and supersacks are some of the film feedstocks that we have run through our process successfully. We actively look for all types of polypropylene across film, fiber, and post-consumer rigids. While we have not finalized the percentage among our feedstock sources, we continue build on our existing partnerships to identify new sources of supply.
Why the mix of flexible and rigid materials?
Otworth: PP films are largely uncollected today. There are a lot of multilayer films out there, but there are also a lot of films made mostly of polypropylene. We’re not prioritizing collection of films as much as we are actively looking for good streams of polypropylene resin to run through our process.