PureCycle Technologies is pioneering a revolutionary approach to plastics recycling, focusing on polypropylene (PP), one of the most widely used plastics globally. The company's proprietary technology purifies and recycles waste PP into ultra-pure recycled PP, indistinguishable from virgin material.

Key aspects of PureCycle's technology and business model:

• Purifies and recycles post-industrial and post-consumer PP waste
• Produces near virgin-grade recycled polypropylene
• Uses significantly less energy than production of virgin polymer at certain facilities
• Addresses a critical gap in the circular economy for plastics

Sustainability and Industry Metrics

• Offers patented recycling process for polypropylene
• Separates color, odor, and other contaminants from plastic waste
• Produces Ultra-Pure Recycled (UPR) resin
• Process doesn't generate a chemical reaction
• Listed on Nasdaq Capital Market under ticker symbol PCT in 2021
• Ironton, OH plant operational in Q2 2023
• Production of 1 million pounds of feedstock was announced over a seven-day period on September 16, 2024.  

Innventure successfully led PureCycle to its public debut, achieving a major milestone by going public in 2021 (NASDAQ: PCT). This accomplishment is a testament to Innventure's expertise in launching and scaling operating companies. The company's Ironton, Ohio facility has begun producing recycled PP pellets, up to 1M pounds of feedstock in a week, demonstrating the scalability of its technology.

With increasing global focus on sustainable materials and circular economy principles, PureCycle is well-positioned to play a crucial role in the future of plastics recycling. The company's technology not only addresses environmental concerns but also provides high-quality recycled material that can be used in a wide range of applications, from packaging to automotive parts.

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