IRONTON, OH / ACCESSWIRE / March 28, 2024 / PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause
IRONTON, OH / ACCESSWIRE / March 28, 2024 / PureCycle Technologies, Inc. , today, announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause on April 1, 2024. During the pause, several improvements will be made to the facility with the goal of increasing reliability and driving more consistent product quality.
PureCycle CEO Dustin Olson said,"I believe we made good progress in our operations during the first quarter and feel good about where we are, going into this operational pause. Our team is excited to get to work." Olson added,"This pause will allow us to make improvements to our flagship facility based off what we learned during operations over the last three months. It's those improvements that should help take us into the next phase of production.
The operational pause is expected to last approximately two to four weeks. PureCycle currently plans to provide an update on the outcome of the pause during the company's next corporate update in May.###About PureCycle Technologies PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company , that is designed to transform polypropylene plastic waste into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No.
The forward-looking statements are based on the current expectations of PureCycle's management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated.
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