Brief: Purecycle Technologies Says On September 3, Ironton Facility Experienced Seal System Failure In Key Operation

PureCycle Technologies

13/09/2023 22:42

Sept 13 (Reuters) - Purecycle Technologies Inc  PCT.O :
    * PURECYCLE TECHNOLOGIES- ON SEPTEMBER 3, IRONTON FACILITY
EXPERIENCED SEAL SYSTEM FAILURE IN KEY OPERATION
    * PURECYCLE TECHNOLOGIES INC -  ON SEPTEMBER 3, 2023,
IRONTON
FACILITY SEAL SYSTEM FAILURE RESULTED IN A LOSS OF BARRIER FLUID
PRESSURE SURROUNDING SEAL
    * PURECYCLE TECHNOLOGIES:ON SEPT 7 SAID SEAL FAILURE WAS
RESULT OF
AUG 7 FULL PLANT POWER OUTAGE CAUSED BY FAILURE OF THIRD PARTY
POWER SUPPLY UTILITY
    * PURECYCLE TECHNOLOGIES INC - CO'S UNIT PROVIDED NOTICE OF
A
FORCE MAJEURE EVENT PURSUANT TO SECTION 2.4(B)(VI)(C)(VI) OF
LOAN AGREEMENT
    * PURECYCLE TECHNOLOGIES INC - CO'S UNIT AND COMPANY ARE
UNABLE TO
ELIMINATE RISK THAT RESTART WILL BE UNSUCCESSFUL AT IRONTON
FACILITY

Further company coverage:  PCT.O 

 (Reuters.Briefs@thomsonreuters.com)