I was in Graf for purecycle, and even when spacs were good, purecycle didn’t get a lot of hype initially on the “in talks” news. See our current openings at our parent company’s careers page! All Rights Reserved. Our PureCycle TechnologiesSM 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. PureCycle Technologies has successfully completed purified waste carpet from its Feedstock Evaluation Unit (FEU), transforming discarded carpet into clear, odourless, ultra-pure polypropylene (UPRP) resin through its proprietary plastics recycling technology, developed and invented by Procter & Gamble. The merged entity would have a market value of $1.1 billion and an enterprise value of roughly $825 million, they said. Technically, and in the case of GRAF, that is the reality of the day or more aptly, the past week and change. “Our recycling process produces virgin-like resin and we are well-positioned to meet the consumer demand for recycled content as well as global sustainability mandates.”. Less than 10% of all plastic trash ever produced has been recycled. 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. Even if it gets licensed to other companies as well, it seems like there is plenty of room for many competitors, as I can only see the recycling plastics sector grow a … That plant is expected to produce more than 105 million pounds of ultra-pure recycled polypropylene a year, it said. "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. They are in negotiations with www.purecycletech.com, which is a startup that is commercializing recycling technology developed by Procter and Gamble. (Bloomberg) -- PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., … Nestle and L'Oreal are partners. Technologies. The successful scaling of the technology unlocks the value for a wide range of … Waste Recycling Solutions. Recycling company had held talks with Graf Industrial, Roth SPAC is seeking to raise about $200 million in new equity. PP recycling startup PureCycle Technologies recently raised $1.45 million in investments, financial filings show. Mystery Surrounds $7 Billion Outflow From Vanguard S&P 500 Fund, Red-Hot Stock Rally Powered by Companies With Shaky Finances, U.S. PCT Closes Agreements That Include Over $300MM In Equity Investment & Starts the Process To Be Listed on The Nasdaq Stock Exchange With a Projected Market Cap of Over $1B, Accelerating A Recycling Revolution, “This transaction represents a key milestone in PCT’s mission to transform polypropylene into a recyclable and sustainable product,” said Mike Otworth, CEO. ensia.com . PureCycle Technologies has joined forces with Nestle and Milliken to speed up plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality using a revolutionary recycling technique. PureCycle and Roth representatives didn’t immediately respond to requests for comment. At PureCycle Technologies, we’re commercializing a solution to recycle polypropylene plastic waste bringing it to a near-virgin quality allowing us to close the loop on single-use plastic, and creating a product that truly can be used again, and again, and again. The PureCycle Technologies Feedstock Evaluation Unit construction is under way! As with all deals that aren’t yet finalized, it’s possible talks could collapse. What do you all think about GRAF (warrants trade as GRAF+)? Before it's here, it's on the Bloomberg Terminal. This isn’t the first time that PureCycle has been near a SPAC merger. PureCycle Technologies LLC provides plastic recycling services. Our proprietary process removes color, odor, … PureCycle Technologies is paving the way towards making polypropylene a renewable resource and an integral part of the circular economy. 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