Purecycle Technologies, Inc. engages in recycling waste polypropylene into virgin polymer. The company is headquartered in Orlando, Florida and currently employs 157 full-time employees. The company went IPO on 2020-06-11. Its process includes two steps: Feed Pre-Processing (Feed PreP) and the use of the Technology for purification. The Feed PreP step will collect, sort, and prepare 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 novel configuration of commercially available equipment and unit operations. The purification process puts the plastic through a physical extraction process using critical fluids that both extract and filter out contaminants and purify the color, opacity, and odor of the plastic without changing the bonds of the polymer.
Follow-Up Questions
What is the price performance of PCTTU stock?
The current price of PCTTU is $17.8, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Purecycle Technologies Inc?
Purecycle Technologies Inc belongs to Chemicals industry and the sector is Materials
What is Purecycle Technologies Inc market cap?
Purecycle Technologies Inc's current market cap is $3.2B
Is Purecycle Technologies Inc a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Purecycle Technologies Inc, including 1 strong buy, 5 buy, 3 hold, 0 sell, and 1 strong sell
