The latest update is out from PureCycle Technologies ( (PCT) ).
In a corporate update for the fourth quarter and fiscal year ending December 31, 2024, PureCycle Technologies announced significant progress in its operations, including improvements at its Ironton Facility and the successful launch of the Denver, PA sorting facility. The company has made strides in commercializing its PureFive™ resin, with successful trials and sales to major companies such as Drake Extrusion Inc. and Churchill Container. These developments highlight PureCycle’s potential for growth in various industries, including consumer goods and automotive, as it continues to enhance production capacity and product quality.
More about PureCycle Technologies
PureCycle Technologies, Inc., based in the U.S., is a company focused on revolutionizing plastic recycling. It holds a global license for a patented dissolution recycling technology developed by The Procter & Gamble Company, which transforms polypropylene plastic waste into a renewable resource. Their unique purification process produces PureFive™ resin, which can be recycled and reused multiple times.
YTD Price Performance: -5.96%
Average Trading Volume: 2,134,981
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.64B
See more data about PCT stock on TipRanks’ Stock Analysis page.