PureCycle rises on first UPR resin production from Ohio plant
21/06/2023 14:05
** Shares of plastic recycling co PureCycle Technologies Inc
PCT.O up 14.7% at $9.11
** Co said on Tuesday that it produced the first run of
ultra-pure recycled (UPR) resin from post-industrial recycled
material at commercial scale
** Said it is the first step in operating its flagship
purification facility in Ohio
** Once the Ohio facility becomes fully operation it is
projected to have an annual production capacity of 107 mln
pounds of UPR resin - Co
** Added that UPR plastic can be recycled and reused
multiple times
** Up to last close, stock has gained 17.5% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))