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Upon completion, PureCycle’s first plant is expected to produce over 105 million pounds of ultra-pure recycled polypropylene (UPRP) per year, which will be used in consumer goods packaging, home furnishings, and other applications that currently have very limited options for recycled PP today. Forward-looking statements are neither historical facts nor assurances of future performance. Pyrowave says its technology enables recycling of plastic scrap by using electricity. Educational opportunities will be offered Monday through Wednesday, June 28-30. PureCycle Technologies completes $250 million bond raise; begins construction on Phase II industrial line in Ironton, Ohio. The company's filing status is listed as Multiple and its File Number is 0429507. Innventure is a recognized pioneer in constructing a global open-architecture venture platform designed to provide unique access to multinational companies (MNCs) who trust Innventure to identify, grow and commercialize their proprietary IP while strategically partnering for success. Additional offices in Boston, Philadelphia, Greenwich and San Francisco. We appreciate all of our shareholders and investors that have participated in the IPO and PIPE transactions. “The purpose is to manufacture tires made of increasingly sustainable materials and to make these technologies available to innovative recycling channels. View real-time stock prices and stock quotes for a full financial overview. Upon closing of the transaction, the newly created holding company will be re-named "PureCycle Technologies, Inc." and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. A pure planet. We believe in the potential of Pyrowave technology and share their vision for a more sustainable future through innovation.”, Jocelyn Doucet, co-founder and chief executive officer of Pyrowave, adds, “Our partnership marks the beginning of the industrialization phase, drawing on the expertise and technical soundness of the Michelin Group. The company secured about $250 million in bonds for the facility. PureCycle Technologies will make high-quality, recycled PP widely available for purchase across industries. PureCycle Technologies offers the only recycled polypropylene with properties comparable to virgin polymer. The company’s recycling process was developed by Procter & Gamble and commercialized by PureCycle. We look forward to partnering with the Roth CH team on an efficient, accelerated path for a successful public listing.”, Byron Roth, chairman and CEO of Roth CH, says, “We searched for a business combination that would not only be a compelling growth company but could also benefit from the relationships and experience of our two growth investment banks. AF&PA cancels March Paper2021 event while WasteExpo is moved to late June. This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. WDF says it represents the removal of 21 metric tons of carbon dioxide (CO2), which is part of the “Pound for Pound” program the scrap recycling firm and the foundation announced earlier this year. Polypropylene recycler PureCycle Technologies LLC said Oct. 8 it has raised $250 million in bond financing to finish construction of its first plant, in Ironton, Ohio. We are pleased to market and underwrite this bond financing, and we are proud to be associated with PureCycle and the positive global impact it will have on the environment in closing the loop on polypropylene recycling,” said Timothy Hoover, managing director, Piper Sandler & Co. PureCycle is a portfolio company of Innventure. PureCycle Technologies is … Recycling Today talked to Doucet earlier this year about how he developed his technology and started Pyrowave for the Fresh Perspective podcast. The Climate Benefit Unit is a registered trademark of the WDF, which describes itself as an NGO that represents the removal, capture, offsetting or elimination of methane gas (CH4) or other greenhouse gasses as the specific result of a certified Well Done Foundation Orphaned or Abandoned Well Plugging and Surface Restoration Project. PureCycle Technologies finds Partners to Accelerate its Revolutionary Plastics Recycling Process - Advanced Waste Solutions "These partners are helping us accelerate as we bring this solution to the market," said Mike Otworth , CEO of PureCycle Technologies . PP recycling startup PureCycle Technologies will be purchased by investment firms that will list the company publicly. Important factors could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Partnership to Accelerate Integration of Ultra-Pure Recycled Polypropylene into Dispensing Solutions. “This partnership is an ultimate illustration of the group’s sustainable strategy,” says Sonia Artinian-Fredou, executive vice president, services and solutions, High Tech Materials at the Michelin Group. Exhibit 10.22 . The plant initially is targeting colored and dirty … PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. The firm says the change was made to reflect its expanding manufacturing operations. The organizer of WasteExpo, one of the largest events held annually for the waste and recycling industry, has announced a delay in its 2021 event rather than a cancellation. The Registered Agent on file for this company is Kantor, James S and is located at 1009 Clifford Drive, Durham, NC 27704-5178. RESTRICTED STOCK AGREEMENT . This technology demonstrates P&G's commitment to sustainability and helps in … Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. Pure Cycle Environmental, LLC specializes in Diffusion Dialysis acid recovery systems that yield cost effective methods for reclaiming and reusing acids, while … The Washington-based American Forest & Paper Association (AF&PA) and the Chicago-based National Paper Trade Association (NPTA) have announced that Paper2021, which had been scheduled for March 14-16 in Atlanta, has now been canceled. AptarGroup, Inc. (NYSE: ATR), a global leader in dispensing, drug delivery and active packaging solutions, announced today that it has partnered with PureCycle Technologies, to prepare for the introduction of PureCycle’s Ultra-Pure Recycled Polypropylene (UPRP) into dispensing applications. PureCycle is a portfolio company of Innventure. Pyrowave launched in 2014 to focus on recycling plastic scrap using a catalytic microwave depolymerization technology. Great Falls, Montana-based Pacific Steel & Recycling has received the first Climate Benefit Unit (CBU) certificate issued by the Bozeman, Montana-based Well Done Foundation (WDF). As a result of the financing, PureCycle reports that it can begin construction on its phase-two industrial line in Ironton. PureCycle Technologies will make high-quality, recycled PP widely available for purchase across industries. About PureCycle Technologies PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. About us PureCycle Technologies’ process offers the only recycled polypropylene with properties equal to virgin polymer. Additional expansion in the U.S. is expected to include five scaled-up commercial lines capable of producing more than 165 million pounds each of its UPRP. 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. 8 talking about this. Exhibit 10.22 . PureCycle Technologies is portfolio company of Innventure, a Wasson Enterprise Partnership. PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., according to people with knowledge of the matter. We further capitalize initial scaling and commercialization through an established Fund, providing Innventure’s institutional and private clients unfettered access to the end product of all of our work and experience in launching these unique, high value private companies through a systematic approach that greatly reduces the risks inherent in venture investing. About PureCycle PureCycle Technologies LLC holds the exclusive global license to commercialize the only patented solvent-based purification recycling technology for restoring waste polypropylene into virgin-like resin. “Pacific Steel & Recycling has been a fantastic partner for us in reclaiming and recycling scrap metal left behind at orphaned well sites,” says Shuck. “Exodus Global seemed like a natural fit as we pay homage to our past of building Exodus Material Handlers and look forward to the future of building a world-class organization with ties across the globe,” says Kevin Boreen, CEO of Exodus Global. PureCycle Technologies is … Purecycle Technologies, Inc. is a North Carolina Business Corporation filed on June 12, 1997. Private Securities Litigation Reform Act of 1995. According to a news release from Michelin on the agreement, the two companies will work together in the coming months to fast-track the industrialization of Pyrowave technology with a view to certification and commercial rollout in international markets. About PureCycle Technologies. PureCycle raised about $250 million in a tax-exempt municipal bond offering in October to fund the construction of its Ironton facility. PureCycle Technologies has raised a total of $288.2M in funding over 5 rounds. This successful run at scale brings innovation to the forefront within the PP recycling industry. About PureCycle. The technology aims to generate recycled styrene from plastics found in packaging, insulation panels and household appliances. Pyrowave says its technology enables recycling of plastic scrap by using electricity. Forward-looking statements can be identified by words such as: "expect," "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Combined with its PP scrap feedstock, PureCycle says it expects to achieve earnings before interest, taxes, depreciation and amortization margins in excess of 50 percent from the company’s first seven plants that are expected to be running by 2024. Roth CH Acquisition also has entered into definitive purchase agreements for a $250 million common stock PIPE transaction, which is also expected to close in the first quarter of 2021. Upon closing, the created holding company will be renamed PureCycle Technologies Inc. and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. The companies plan to close this transaction by the first quarter of 2021. PureCycle is also working toward submitting for a letter of non-object from the Food and Drug Administration for its UPRP to be used in food grade applications. Purecycle Technologies, Inc. is a North Carolina Business Corporation filed on June 12, 1997. “Our recycling process produces virgin-like resin that we believe is suitable for high-value, food-grade consumer products, and we believe we are well-positioned to meet the consumer demand for recycled content as well as global sustainability mandates. PureCycle Technologies offers the only recycled polypropylene with properties comparable to virgin polymer. PureCycle Technologies LLC, Orlando, Florida, and Roth CH Acquisition, an acquisition company backed by Roth Capital Partners and Craig-Hallum Capital Group, have entered into a merger agreement. In an email to current and prospective exhibitors, Waste360 Vice President Marc Acampora writes, “WasteExpo has made the proactive decision to reschedule WasteExpo 2021 from its original dates in April to June 28-30, 2021, in the Central Halls of the Las Vegas Convention Center.”, Acampora adds, “This decision was made with our community in mind, as many of you have expressed an interest in postponing the show to provide some breathing room and instill confidence in a successful 2021 event for all involved. PureCycle Technologies has a license to commercialize solvent-based recycling purification technology for restoring polypropylene (PP) scrap into virgin-like resin. We look forward to a successful future together.”. Our proven approach systematically matches and aligns innovative technologies with substantial market opportunities, and then quickly commercializes to create highly successful, high value businesses. Of the approximately 170 billion pounds of polypropylene waste produced annually, less than 1 percent is recycled today; the remainder largely ends up in landfills and the ocean, creating a massive environmental problem. Therefore, you should not rely on any of these forward-looking statements. These associated health risks, combined with continued government, corporate travel and meeting policy restrictions, have prompted us to cancel the event for 2021.”. Its recycling service converts waste plastic into virgin-like plastic fully closing the loop on the reuse of recycled plastics while making recycled polypropylene more accessible at scale to companies desiring to use a sustainable, recycled resin. This industry continues to show its resilience on a daily basis and we look forward to seeing you in person soon.”. With the financing of the first plant complete, PureCycle is able to accelerate its long-term growth strategy, which includes accelerated plant builds and capacity, as well as expansion in the United States to meet demonstrated and heightened demand for a sustainable solution to recycled polypropylene (PP) plastics around the world. one goal: a pure planet the mission: solving the massive environmental problem created by plastic waste in landfills and oceans, enabling partners to meet sustainability goals a revolutionary and... | … Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. Exodus Global is a privately held family business consisting of a group of companies, including demolition shear producer ShearCore; replacement shear blade supplier BladeCore; quick coupler provider OilQuickUSA; and Connect Work Tools, which makes hydraulic breakers, compactors, grapples and pulverizers. Additionally, PureCycle reports that it plans to build new recycling production facilities globally, with the goal of having 30 commercial lines operational by 2030 and 50 by 2035. Otworth said PureCycle believes its technology, which was developed by Procter & Gamble Co. and uses a solvent-based purification process, can return waste PP … Their latest funding was raised on Oct 13, 2020 from a Venture - Series Unknown round. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. The current global challenges surrounding polypropylene waste are significant. “This transaction represents a key milestone in PureCycle’s mission to transform polypropylene into a recyclable and sustainable product,” says Mike Otworth, CEO of PureCycle. The two companies will work together to advance the industrialization of Pyrowave’s plastic recycling technology. “We are pleased to issue our first CBUs to a company who cares as much about conservation in Montana as we do.”. Through this partnership with Michelin, we will be in a position to develop a breakthrough technology with a view to transforming future materials in a sustainable way.”. PureCycle Technologies LLC, Orlando, Florida, has completed the bond financing required to build its commercial-scale recycling plant in Ironton, Ohio. ORLANDO, Fla.--(BUSINESS WIRE)--PureCycle Technologies LLC ("PureCycle") announced today it has completed the bond financing required to build its first plant in Ironton, Ohio. We believe PureCycle’s technology will be transformative in plastic recycling and help companies meet their sustainability goals. PureCycle Technologies Inc. French energy and plastics firm Total SA said May 19 it's exploring building a recycling plant in Europe with chemical recycling firm PureCycle Technologies Inc. The proceeds of this transaction are intended to provide us with the balance sheet strength to accelerate the global rollout of our proven technology addressing the immense global problem associated with polypropylene waste. Headquartered in Minneapolis, MN. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. The certificate was presented to Pacific Steel at its corporate offices in Great Falls. ©Craig-Hallum Capital Group LLC. According to a statement from Roth CH Acquisition and PureCycle regarding the transaction, strong interest and global awareness of PureCycle has resulted in strategic investments and offtake agreements with companies including Aptar, BMW i Ventures, Closed Loop Partners, Wasson Enterprise, Glockner Enterprises, L’Oréal, Milliken & Co., Procter & Gamble, Ravago and Total. PURECYCLE TECHNOLOGIES LLC: MICHAEL OTWORTH: MICHAEL OTWORTH: CEO: 2020-07-10: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. From left: Curtis Shuck Jr. of the Well Done Foundation and Pacific Steel & Recycling's Patrick Kons, Kelly Wilson and Kirby Farner, Photo courtesy of the Well Done Foundation, Recycling Today Global Edition back issues, © 2020 GIE Media, Inc. All Rights Reserved. RESTRICTED STOCK AGREEMENT . PURECYCLE TECHNOLOGIES, INC. This strategic partnership reflects the attractiveness and potential of chemical process electrification, both environmentally and commercially, for world-scale players in the chain value. Nov. 21-- PureCycle Technologies LLC has merged with another company and the new corporation plans on selling public stocks on the stock market. Our transfer agent is Broadridge Corporate Issuer Solutions, Inc. You may contact them with questions regarding your stock at our dedicated toll free number: 1-855 … Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. Montana-based scrap firm receives Climate Benefit Unit certificate from energy industry foundation. Pyrowave launched in 2014 to focus on recycling plastic scrap using a catalytic microwave depolymerization technology. Exodus Global, referring to “deep ties to Superior, Wisconsin,” says it has invested in state-of-the-art equipment and a world-class manufacturing facility along the shores of Lake Superior where most of its more than 85 employees are located. The technology aims to generate recycled styrene from plastics found in packaging, insulation panels and household appliances. The company's filing status is listed as Multiple and its File Number is 0429507. After a year of evaluation, Michelin says it was able to see the process in operation and test samples of recycled styrene in the composition of its tires. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. PureCycle Technologies has a license to commercialize solvent-based recycling purification technology for restoring polypropylene (PP) scrap into virgin-like resin. Production in Ironton is expected to start in late 2022, with full capacity expected to be achieved by 2023. “We are also the sole distribution partners of premier products into the U.S. from the United Kingdom, Sweden and South Korea.”. To learn more, visit www.innventure.com. PCYO | Complete Pure Cycle Corp. stock news by MarketWatch. PureCycle Technologies licenses this technology from Procter & Gamble. A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. This technology demonstrates P&G's commitment to sustainability and helps in … Our proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. According to the WDF, a CBU is similar to a carbon credit, a tradable certificate representing the offset of one metric ton of CO2 or the equivalent amount of a different greenhouse gas. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as the production of virgin-like PP per year, and our belief that we have sufficient liquidity to fund the first commercial plant in Ironton, Ohio. PCYO | Complete Pure Cycle Corp. stock news by MarketWatch. This date change means that we will shift from three days of an exhibit hall to two days on Tuesday and Wednesday, June 29-30. PureCycle Technologies is a portfolio company of Chicago-based Innventure, a Wasson Enterprise Partnership. About PureCycle PureCycle Technologies LLC holds the exclusive global license to commercialize the only patented solvent-based purification recycling technology for restoring waste polypropylene into virgin-like resin. They plan major expansions, including a second U.S. location that will process more than 800 million pounds annually. Our transfer agent is Broadridge Corporate Issuer Solutions, Inc. You may contact them with questions regarding your stock at our dedicated toll free number: 1-855 … Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., according to people with knowledge of the matter. THE DETAILS Upon closing, the newly created holding company will be re-named PureCycle Technologies Inc and will be … PURECYCLE TECHNOLOGIES, INC. The Registered Agent on file for this company is Kantor, James S and is located at 1009 Clifford Drive, Durham, NC 27704-5178. PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. To learn more, visit purecycletech.com. This process, developed by The Procter & Gamble Company (“P&G”), and commercialized by PureCycle, is both more cost-efficient and environmentally sustainable than … View real-time stock prices and stock quotes for a full financial overview. Our first portfolio company, PureCycle Technologies is on track to $1B+ market cap. WDF chairman and founder Curtis Shuck announced the issuance of the CBU in the second week of November. About PureCycle Technologies PureCycle Technologies offers the only recycled polypropylene with properties comparable to virgin polymer. Superior, Wisconsin-based Exodus Machines has announced a name change to Exodus Global. This process, developed by The Procter & Gamble Company (“P&G”), and commercialized by PureCycle, is both more cost-efficient and environmentally sustainable than … “The bond sale represents a significantly sized offering in the current market and has been well received by a wide range of institutional investors. 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