Purecycle Technologies IncNASDAQ PCT Stock Report

Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. The company is headquartered in Orlando, Florida and currently employs 177 full-time employees. The company went IPO on 2020-06-11. The firm's process includes two steps: Feed Pre-Processing (Feed PreP) and the use of the technology for purification. The Feed PreP step collects, sorts, and prepares polypropylene waste (feedstock) for purification. The purification step is a purification recycling process that uses a combination of solvent, temperature, and pressure to return the feedstock to near-virgin condition through a configuration of commercially available equipment and unit operations. The company is engaged in building its commercial scale recycling facility (the Ironton Facility), which has a capacity of approximately 107 million pounds/year. Its wholly owned subsidiaries include Ohio LLC, PCT Managed Services LLC and PCTO Holdco, LLC.