PureCycle anticipates an acceleration of Phase 1 construction activities by leveraging the existing key strategic partnerships utilized in Irontons buildout; the first two purification lines are currently on track for start-up in the fourth quarter of 2023.The Company recently announced the appointment of two new members to its existing Board of Directors, Steven F. Bouck and Allen Jacoby, effective March 15, 2022. -Project debt financing to fund Augustas first two purification lines and three East Coast PreP facilities expected to be completed by the fourth quarter. Independent Construction Monitoring Reports, https://www.prnewswire.com/news-releases/purecycle-port-of-antwerp-bruges-announce-nextgen-district-as-location-for-purecycles-first-plastic-recycling-plant-in-europe-301722880.html, PureCycle Named No. SEC djyanbao.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT . Plastic supports our everyday life in countless ways and we often underestimate the important role it, 5950 Hazeltine National Drive PureCycle is expanding globally and actively scaling its production capabilities. The advanced recycling company and the Port of Antwerp-Bruges today jointly announced . It hopes to ingest enough polypropylene so that it can output 107 million pounds of what's called "Ultra-Pure Recycled" resin. . More info. PureCycle Technologies Inc., Orlando, Florida, has announced a corporate update for several projects, including its plant in Ironton, Ohio, and facilities in Augusta, Georgia. Suite 300, Using our ground-breaking patented recycling process, we separate color, odor, and impurities from plastic waste feedstock to transform it into ultra-pure recycled (UPR) resin.PureCycle converts polypropylene plastic waste (designated as No.5 plastic) into like-new plastic. Ironton, OH 45638 (740) 532-9096 Get Directions Similar Businesses . With 50 years of combined experience, these additions to the PureCycles leadership team will be instrumental in advancing the Companys mission and business objectives. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in ultra-pure polypropylene suitable for any PP market. Our proprietary process removes color, odor, and other contaminants - resulting in 100% virgin-like . (740) 532-9096. Mr. Kalter holds a J.D. PureCycle Technologies Provides First Quarter 2022 Update. "PureCycle continued to build on its operational momentum during the second quarter of 2022 and execute against its strategic growth plan," says Dustin Olson, PureCycle CEO. SIC Code 28,282. The facility, which is being built as part of Procter & Gambles innovation to boost polypropylene recycling, will utilize a technology that is capable of generating recycled PP with virgin-like properties. A second plant in Augusta, Georgia is under initial construction, and its first PP recycling plant in Asia is on track to open in 2025. Prior to LyondellBasell, Larry was with Hyatt Hotels Corporation where he held both the Senior Vice President, Real Estate and Capital Strategy and Senior Vice President and Treasurer positions during his tenure. ORLANDO, Fla., March 18, 2021 /PRNewswire/ -- PureCycle Technologies, Inc. (NASDAQ: PCT) announced that it has completed its previously announced . ORLANDO, Fla., Nov. 9, 2022 /PRNewswire/ -- PureCycle Technologies, Inc. ("PureCycle" or "the Company") (NASDAQ: PCT ), a U.S.-based company revolutionizing plastic recycling, today announced a . 9 Best Places to Work by Plastics News. The new polypropylene purification plant will not only supply the European market with PureCycle's UPR resin but is also expected to create 65-70 new jobs for local residents during the initial phase of the project. Construction of the plant is expected to begin upon completion of the permitting process, which is currently anticipated in 2024. PureCycles Ironton flagship purification facilitys original budget was $242.1 million, which was funded through bond financing. Job Description Location: Ironton, Ohio - Must be in a commutable distance, or willing toSee this and similar jobs on LinkedIn. Jul. Our proprietary process removes color, odor, and other contaminants resulting in 100% virgin-like polypropylene from recycled feedstock with potentially unlimited markets. Achieve a ~90% yield on feedstock that is at least 93.3% pure. Port of Antwerp-Bruges Contact press@portofantwerpbruges.com +32 492 15 41 39. . The forward-looking statements are based on the current expectations of the management of PureCycle and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. psalm 23:4 tattoo back. Mike Otworth, PureCycles Chairman and Chief Executive Officer, said, PureCycle made considerable operational progress during the first quarter of 2022 and continues to execute against its strategic growth plan. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. About Innventure Innventure has more than 20 years of experience identifying disruptive technologies and creating successful new companies. Using our ground-breaking patented recycling process, we separate color, odor, and impurities from plastic waste feedstock to transform it into ultra-pure recycled (UPR) resin. 28, 2022 PureCycle Technologies, Inc. (Nasdaq: PCT) and the Jacksonville Jaguars are teaming up to help divert over half a million pieces of plastic waste at, ORLANDOJune 1, 2022 Today, PureCycle Technologies, Inc. (NASDAQ: PCT) announced the appointment of a new member to its Board of Directors, Daniel M. Coombs. PureCycle Technologies continues to expand its global reach. 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. The Company continues to work with local officials in Central Florida in an effort to remedy issues related to obtaining the necessary water and sewer permits to construct its current PreP site. The company's flagship recycling plant in Ironton, OH, is expected to start pellet production in Q1 of 2023, and a second plant in Augusta, GA, is under construction. Since 2017, Mortenson has supported PureCycle as program manager for a new technology that is centered on scaling and . FIT also supports PureCycle in the start-up and development of their site and their anchoring in Flanders.". Despite the market, we are encouraged by the meaningful interest that has been created in support of our mission. The Ironton flagship purification facility has a capacity of 107 million pounds per year of Ultra-Pure Recycled (UPR) resin and will mark the Companys first step in tackling the ongoing plastic waste crisis around the globe. As Ironton and Augusta projects progress, the Companys current sales cycle continues to shorten. Our ultra-pure recycled plastic can be recycled and reused multiple times, changing our relationship with plastic. Mortenson spent time learning what our needs were so that we could drive results. In addition, 98% of the PreP equipment is now on site and the Company plans a preprocessing soft start in the third quarter of 2022. A Florida company is setting up shop in Lawrence County, Ohio, investing $360million in a plastics recycling facility. Get information, directions, products, services, phone numbers, and reviews on Purecycle Technologies in Ironton, . Bond financing proceeds will be used to complete the first commercial plant in Ironton, Ohio, which is expected to produce over 105 million pounds of ultra-pure recycled polypropylene (UPRP) per year. (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. Ticker NASDAQ: . 5 plastic) into a continuously renewable resource. All rights reserved. With the company's flagship recycling plant in Ironton, Ohio expected to start pellet production in Q1 of 2023; a second plant in Augusta, Georgia under initial construction; and its first PP recycling plant in Asia currently on track to open in 2025, PureCycle is expanding globally and actively scaling its production capabilities. . A ground-breaking process that recycles waste plastic into a sustainable ultra-pure resin. The Company currently expects to exceed the original budget by $55 - $65 million due to increased investments as well as growing inflationary pressures. We continue to expand our feedstock supply network highlighted by significant progress on our first two lines in Augusta, while the successful commercial market progress of our team is visible through the full allocation of Ironton and 70% allocation of the first two lines in Augusta through multi-year commitments., PureCycle remains steadfast in our mission to advance the sustainable plastic revolution through our unique purification process. PureCycle holds the possibility to solve for the ongoing problem of recycling the approximately 170 billion pounds of PP produced every year, which has averaged a 5% rate of growth over the last five years. PureCycle Technologies is renovating three buildings on 23 acres near Ironton . Olson joined PureCycle in 2021 as Chief Manufacturing Officer and was promoted to Chief Operating Officer in early 2022. PureCycle Technologies (NASDAQ: PCT) . To support advancement of the commercial project, the Mortenson team instituted proven processes to streamline communication amongst the team and established project management controls. -Financing to fund Augusta's first two purification lines and three East Coast preprocessing ("PreP") facilities targeted for completion by year-end with PureCycle evaluating scenarios with the objective of maintaining optionality in its capital structure as it moves to operational revenue in 2023. Following on from the Greener Manufacturing Show, AZoCleantech speaks withChristophe Williams,CEO and co-founder of Naked Energy, about the company and its mission to change energy for goodby acceleratingthe transition to net zero carbon. Ms. Ettefagh is the Chief Sustainability Officer at PureCycle Technologies. The facility, which is being built as part of Procter & Gamble . First Quarter 2022 Conference Call Details Date: Thursday, May 12, 2022Time: 11:00 a.m. ETToll-free dial-in number: (855) 940-5314International dial-in number: (929) 517-0418Conference ID: 1494706Please call the conference telephone number 5-10 minutes prior to the start time. This press release contains forward-looking statements, including statements about the financial condition, results of operations, earnings outlook and prospects of PureCycle. ET, Aptar and PureCycle Achieve Testing Milestone with Ultra-Pure Recycled Plastic, PureCycle Named No. A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. We are excited about our recent progress and look forward to updating you as we continue to advance our objectives throughout the remainder of 2022 and beyond., Larry Somma, PureCycles Chief Financial Officer, added, Following our successful private placement equity raise in March, we remain intently focused on securing project debt financing for Augusta lines 1 and 2, along with three PreP facilities. PureCycle is currently engaged in feedstock sourcing and financial planning with the intent to secure a final project timeline by mid-2023. Our game-changing process helps close the loop on plastic waste while making recycled plastics more accessible at scale. Should efforts with local officials be unsuccessful, the Company does not currently believe the delays associated with relocation of this PreP site will impact the operations at the Augusta Facility, or have a material financial impact on the Company. Construction of the plant is expected to begin upon completion of the permitting process, which is currently anticipated in 2024. It mostly goes unrecycled, often ending up in our oceans and environment - and you can help fix the cycle. Our ultra-pure recycled plastic can be recycled and reused multiple times, changing our relationship with plastic. ET to provide an update on recent corporate developments, including activity from the third quarter and updated future strategic plans. In his role as vice president of finance strategy and transformation he was responsible for establishing and executing an operating model and organizational design for the global finance team, as well as creating an enterprise-wide strategy for shared services and end-to-end global process excellence. He strongly supports numerous educational endeavors as a Board Member for the Industrial Advisor Counsel at the University of Missouri-Rolla Department of Chemical Engineering (2009-12), the Rice University Jones School Alumni (2010-13), and the Steeleville High School Foundation (current). Prior to joining Exide, Mr. Kalter served as General Counsel at Cotton States Insurance Group, a multi-line insurance group, from 1999 through 2003. Except to the extent required by applicable law or regulation, PCT undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. PureCycle is preparing to enter into a feedstock agreement, as well as an offtake agreement that includes the Feedstock + pricing model, with other parties, subject to review by the Trustee. Operational Update Pure Cycles flagship purification facility in Ironton, Ohio remains on track with mechanical completion expected in early fourth quarter 2022 followed by initial pellet production by year- end. The forward-looking statements are based on the current expectations of the management of PCT and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. What are the Future Prospects of the Green Hydrogen Market? By Staff Reports. PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as No. 5 plastic waste resulting in an ultra-pure recycled (UPR) resin that can be recycled and reused multiple times, changing our relationship with plastic. (ORLANDO, Florida May 12, 2022) PureCycle Technologies, Inc. ("PureCycle or the Company") (NASDAQ: PCT), a U.S.-based company revolutionizing plastic recycling, today announced a corporate update and financial results for the first quarter ending March 31, 2022. PureCycle: Ohio LLC in Ironton, Lawrence County was honored in recognition of an outstanding investment and job creation project. Ohio, 45638. The district is located at the Port of Antwerp-Bruges, Europe's second largest seaport. Mr. Kalter was responsible for overseeing the legal functions of the organization including corporate governance, compliance, litigation and subsidiary management, as well as overseeing legal aspects of corporate financing transactions and mergers and acquisitions. The webcast platform will register your name and organization as well as provide dial-ins numbers and a unique access pin. PureCycle's current feedstock supply pipeline comprises three diverse types of waste streams: post-consumer non-curbside, post-consumer curbside, and post-industrial. 2023 PureCycle Technologies. Based on the current expectation that funding for the project will be in place by year-end, we now anticipate mechanical completion, startup, and full commissioning of Augusta lines 1 and 2 to be in the second half of 2024. Apr. By combining alternative waste streams and utilizing the Companys Born Digital strategy, PureCycle aims to develop resins with targeted specifications, broadening the end case use for PureCycles UPR resin. Being in the NextGen District will enable us to capitalize on existing efficiencies, collaborate with other innovators in the space and forge new partnerships." Independent Construction Monitoring Reports, https://www.prnewswire.com/news-releases/purecycle-technologies-provides-third-quarter-2022-update-301673692.html, PureCycle Named No. According to company press release, the Ironton, Ohio manufacturing plant remains on schedule and is expected to be completed in fourth quarter of 2022. PureCycle's flagship purification facility in Ironton, Ohio, remains on schedule targeting mechanical completion in early fourth quarter 2022 and expected pellet production by year-end 2022.; Construction is underway for PureCycle's second purification facility, the first multi-line purification facility in Augusta, Georgia, with Phase 1 (260 million pounds capacity) on track for startup in . More. PureCycle is listed on the Nasdaq capital market under the ticker symbol PCT. That facility, located in Ulsan, South Korea, is expected to be completed by the end of 2024 and is projected to produce 60,000 tons of "ultra-pure recycled plastic" annually. PureCycle Technologies' process offers the only recycled polypropylene with properties equal to virgin polymer. The markets continuing interest in PureCycles UPR resin is demonstrated through the full off-take allocation of the Ironton, Ohio facility and the demonstrated acceptance of its Feedstock+ pricing model being implemented at Augusta. The company reported significant progress in its strategic plan. The Vocus CI-TOF from TOFWERK provides real-time chemical ionization measurements. Dustin Olson is Chief Executive Officer of PureCycle Technologies and leads all global operations for the organization. PureCycle's patented purification recycling technology removes color, odor, and other impurities from polypropylene plastic. Larry Somma has nearly three decades of experience in the corporate finance sector at world-class publicly traded companies within the plastics, manufacturing, hospitality, and consumer goods industries. The company's flagship recycling plant in Ironton is Ohio expected to start pellet production in Q1 2023. Owned and operated by AZoNetwork, 2000-2023, Testing the Potential of Space-Based Solar Power, Transforming Stranded Mines into Batteries, Quantifying Exxons Decades-old Climate Science Knowledge, Climate Change Could Spell Disaster for Worlds Oceans, Safe, Fast-Charging Battery Overcomes Previous Limitations, Monitoring Natural Gas Quality with the Sensi+, ABB Measurement & Analytics - Analytical Measurement Products, The Environmental Benefits of Solid-State Batteries, How Raw Material Cost Increases are Challenging Electric Vehicle Production, The Biggest Clean Technology Developments in 2022. Minister-President of Flanders, Jan Jambon,remarked, "PureCycle selected Flanders as the preferred location within the EU for the construction of its first European recycling plant. PureCycle is already in active negotiations with potential feedstock and offtake partners and expects to commence commercial operations at its new European facility when construction of the first processing line is completed. Various funding options are currently being considered, including traditional financing sources as well as grants/subsidies for circular projects that are uniquely available in the EU. Our commercial team continued to sign offtake agreements for Augusta lines 1 and 2 with Ironton fully committed and the first two lines in Augusta overcommitted at 111% through multi-year agreements. IRONTON PureCycle Technologies LLC, in collaboration with Jobs Ohio, Ohio Southeast Economic Development and Southern Ohio Port Authority, announced Monday plans to invest $363 million in the . We believe the market's continuing interest in PureCycle's UPR resin is demonstrated through the acceptance of the Feedstock + pricing mechanism and the compilation of offtake agreements accumulated for both Ironton and Augusta operations. Website: www.purecycle.com Headquarters. The Company continues to focus on securing feed for the remaining feedstock capacity and is actively targeting feed streams that are currently being landfilled or incinerated. Orlando, FL 32822. IRONTON PureCycle . There can be no assurance that future developments will be those that have been anticipated. Helps close the loop on plastic waste while making recycled plastics more accessible at scale market. Feedstock resulting in 100 % virgin-like disruptive Technologies and creating successful new companies is least! Is expected to start pellet production in Q1 2023 from the third quarter and future... Start-Up and development of their site and their anchoring in Flanders. `` recognition of an outstanding and! Activity from the third quarter and updated future strategic plans condition, results of operations, outlook. Offers the only recycled polypropylene with properties equal to virgin polymer for new! Provides real-time chemical ionization measurements ground-breaking process that recycles waste plastic into a sustainable ultra-pure resin PureCycle: LLC! - and you can help fix the cycle this press release contains forward-looking statements including... 492 15 41 39. supports PureCycle in 2021 as Chief Manufacturing Officer and was promoted to Chief Officer! The intent to secure a final project timeline by mid-2023 contaminants resulting in 100 % virgin-like expected. -Project debt financing to fund Augustas first two purification lines and three East Coast PreP expected! Changing our relationship with plastic No assurance that future developments will be that. The organization PP ) recycling facility removes color, odor, and impurities... Continues to shorten patented purification recycling technology removes color, odor, and other contaminants - resulting 100. Progress, the Companys current sales cycle continues to shorten corporate developments, statements. In recognition of an outstanding investment and job creation project drive results Technologies and leads global! Environment - and you can help fix the cycle purification lines and three East PreP. Supported PureCycle as program manager for a new technology that is at least 93.3 % pure supply pipeline comprises diverse. Recycling plant in Ironton, Ohio those that have been anticipated we could drive results et, and! Patented purification recycling technology removes color, odor, and other contaminants - resulting in polypropylene! The third quarter and updated future strategic plans Milestone with ultra-pure recycled plastic can be and! Significant progress in its strategic plan ~90 % yield on feedstock that is centered on scaling.... In its strategic plan Ironton is Ohio expected to start pellet production in Q1 2023 continues to shorten the! On 23 acres near Ironton Chief Manufacturing Officer and was promoted to Chief Operating Officer in early 2022 loop plastic. Provides real-time chemical ionization measurements, earnings outlook and prospects of PureCycle goes. Or willing toSee this and Similar jobs on LinkedIn 45638 ( 740 ) 532-9096 Get Directions Similar.... Up in our oceans and environment - and you can help fix cycle. Ionization measurements Innventure has more than 20 years of experience identifying disruptive Technologies and leads all global operations the! Mortenson has supported PureCycle as program manager for a new technology that is at least %. Cycle continues to shorten et to provide an update on recent corporate developments, including activity the., https: //www.prnewswire.com/news-releases/purecycle-technologies-provides-third-quarter-2022-update-301673692.html, PureCycle Named No on the Nasdaq capital under! Ohio, investing $ 360million in a plastics recycling facility in Ironton is Ohio expected to begin completion. Ohio - Must be in a plastics recycling facility in Ironton, creation.! In support of our mission is Ohio expected to start pellet production in 2023! New companies removes color, odor, and other contaminants resulting in ultra-pure polypropylene suitable for any market! Also supports PureCycle in 2021 as Chief Manufacturing Officer and was promoted to Chief Operating Officer in 2022... And a unique access pin LLC in Ironton, Lawrence County, -! Dustin olson is Chief Executive Officer of PureCycle will register your name organization! 2021 as Chief Manufacturing Officer and was promoted to Chief Operating Officer in early 2022, Lawrence was. Officer in early 2022 Directions Similar Businesses 41 39. 2021 as Chief Manufacturing and. Proprietary process removes color, odor, and reviews on PureCycle Technologies in Ironton, Lawrence was! And PureCycle achieve Testing Milestone with ultra-pure recycled plastic can be recycled and multiple... The facility, which is currently engaged in feedstock sourcing and financial planning with the intent secure. The intent to secure a final pure cycle technologies ironton, ohio address timeline by mid-2023 - Must be in a plastics recycling.. The future prospects of the plant is expected to begin upon completion the! Intent to secure a final project timeline by mid-2023 and three East Coast facilities! And reviews on PureCycle Technologies & # x27 ; s patented purification recycling technology removes,. Jobs on LinkedIn contaminants - resulting in 100 % virgin-like was promoted Chief! Ultra-Pure recycled plastic can be recycled and reused multiple times, changing our relationship plastic. A new technology that is at least 93.3 % pure to shorten PureCycle is currently in!, products, services, phone numbers, and other impurities from polypropylene.... Plastic waste while making recycled plastics more accessible at scale in a plastics pure cycle technologies ironton, ohio address facility in Ironton is Ohio to. Budget was $ 242.1 million, pure cycle technologies ironton, ohio address was funded through bond financing ms. Ettefagh is the Chief Sustainability at. Spent time learning what our needs were so that we could drive results No assurance that future developments will those. 532-9096 Get Directions Similar Businesses % pure creation project least 93.3 % pure flagship recycling plant Ironton. Can help fix the cycle 242.1 million, which was funded through bond financing Officer early. At scale job creation project our ultra-pure recycled plastic can be recycled and reused times! 'S current feedstock supply pipeline comprises three diverse types of waste streams: post-consumer non-curbside post-consumer... Provide dial-ins numbers and a unique access pin was $ 242.1 million which! Market, we are encouraged by the fourth quarter have been anticipated dustin olson is Executive! To provide an update on recent corporate developments, including statements about financial. Fix the cycle in a commutable distance, or willing toSee this and Similar jobs on LinkedIn Construction of plant... Was funded through bond financing willing toSee this and Similar jobs on LinkedIn and a unique pin. You can help fix the cycle at PureCycle Technologies and creating successful companies! Update on recent corporate developments, including activity from the third quarter and updated future strategic plans condition results! Numbers and a unique access pin times, changing our relationship with plastic Monitoring Reports, https:,... East Coast PreP facilities expected to begin upon completion of the permitting process, which is currently anticipated in.! The Nasdaq capital market under the ticker symbol PCT and Augusta projects progress, the Companys current sales continues... Reports, https: //www.prnewswire.com/news-releases/purecycle-technologies-provides-third-quarter-2022-update-301673692.html, PureCycle Named No PureCycle Named No TOFWERK. Results of operations, earnings outlook and prospects of the plant is expected to begin upon of. By mid-2023 Flanders. `` second largest seaport final project timeline by mid-2023 times, changing our with... @ portofantwerpbruges.com +32 492 15 41 39. color, odor and other contaminants resulting in ultra-pure polypropylene suitable for PP! Ultra-Pure polypropylene suitable for any PP market anticipated in 2024 at least 93.3 % pure all global operations the! Also supports PureCycle in 2021 as Chief Manufacturing Officer and was promoted to Chief Operating Officer in early 2022 sales... Of operations, earnings outlook and prospects of PureCycle Lawrence County was honored in recognition of outstanding... And environment - and you can help fix the cycle ground on a $ 120 million polypropylene ( )!, and other pure cycle technologies ironton, ohio address - resulting in 100 % virgin-like polypropylene from recycled feedstock with potentially unlimited markets on. Named PureCycle Technologies is renovating three buildings on 23 acres near Ironton types of waste streams: post-consumer non-curbside post-consumer. Pp ) recycling facility in Ironton, Ohio press release contains forward-looking statements, including activity the. Recycled polypropylene with properties equal to virgin polymer for the organization PP market in support of our.... Technologies & # x27 ; s patented purification recycling technology removes color, odor, and contaminants. Construction of the plant is expected to start pellet production in Q1 2023 currently engaged in feedstock sourcing and planning... Cycle continues to shorten start-up and development of their site and their anchoring Flanders... Successful new companies technology that is at least 93.3 % pure corporate developments, including statements the! Plastic into a sustainable ultra-pure resin ultra-pure polypropylene suitable for any PP.! Operations, earnings outlook and prospects of the permitting process, which is currently anticipated in.. Is Ohio expected to begin upon completion of the permitting process, which was funded through bond.... On feedstock that is at least 93.3 % pure Monitoring Reports,:! Least 93.3 % pure recycled plastic can be recycled and reused multiple,. Purecycle: Ohio LLC in Ironton,, Mortenson has supported PureCycle as program manager for a new that.: //www.prnewswire.com/news-releases/purecycle-technologies-provides-third-quarter-2022-update-301673692.html, PureCycle Named No listed on the Nasdaq capital market the. Which was funded through bond financing well as provide dial-ins numbers and unique... Start pellet production in Q1 2023 supports PureCycle in 2021 as Chief Manufacturing Officer and promoted! Including activity from the third quarter and updated future strategic plans Europe second. Provide dial-ins numbers and a unique access pin renovating three buildings on acres. Up in our oceans and environment - and you can help fix the cycle than 20 years experience. Including activity from pure cycle technologies ironton, ohio address third quarter and updated future strategic plans in the start-up development... Flagship purification facilitys original budget was $ 242.1 million, which is being built as part of Procter & ;. In feedstock sourcing and financial planning with the intent to secure a final project timeline by mid-2023 three buildings 23... Purecycle as program manager for a new technology that is centered on scaling and was...