PureCycle Technologies Inc. Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. One goal. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. It is even more relevant during our current health crisis that a global solution be the focus to close the loop on making polypropylene a recyclable, valued material instead of letting it wash up on our shores,” stated Mike Otworth, PureCycle CEO. Of the approximately 170 billion pounds of polypropylene waste produced annually, less than 1 percent is recycled today; the remainder largely ends up in landfills and the ocean, creating a massive environmental problem. After a year of evaluation, Michelin says it was able to see the process in operation and test samples of recycled styrene in the composition of its tires. “Our recycling process produces virgin-like resin that we believe is suitable for high-value, food-grade consumer products, and we believe we are well-positioned to meet the consumer demand for recycled content as well as global sustainability mandates. Additional expansion in the U.S. is expected to include five scaled-up commercial lines capable of producing more than 165 million pounds each of its UPRP. The Climate Benefit Unit is a registered trademark of the WDF, which describes itself as an NGO that represents the removal, capture, offsetting or elimination of methane gas (CH4) or other greenhouse gasses as the specific result of a certified Well Done Foundation Orphaned or Abandoned Well Plugging and Surface Restoration Project. Exodus Global, referring to “deep ties to Superior, Wisconsin,” says it has invested in state-of-the-art equipment and a world-class manufacturing facility along the shores of Lake Superior where most of its more than 85 employees are located. View real-time stock prices and stock quotes for a full financial overview. PureCycle Technologies licenses this technology from Procter & Gamble. PureCycle Technologies LLC, Orlando, Florida, and Roth CH Acquisition, an acquisition company backed by Roth Capital Partners and Craig-Hallum Capital Group, have entered into a merger agreement. A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. Partnership to Accelerate Integration of Ultra-Pure Recycled Polypropylene into Dispensing Solutions. This process, developed by The Procter & Gamble Company (“P&G”), and commercialized by PureCycle, is both more cost-efficient and environmentally sustainable than … Roth CH Acquisition I to Combine With PureCycle Technologies, Accelerating a Revolution in Plastics Recycling Through Impact Investing Exodus Global is a privately held family business consisting of a group of companies, including demolition shear producer ShearCore; replacement shear blade supplier BladeCore; quick coupler provider OilQuickUSA; and Connect Work Tools, which makes hydraulic breakers, compactors, grapples and pulverizers. Pyrowave says its technology enables recycling of plastic scrap by using electricity. About PureCycle. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. AF&PA cancels March Paper2021 event while WasteExpo is moved to late June. PureCycle and Roth representatives didn’t immediately respond to requests for comment. RESTRICTED STOCK AGREEMENT . This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. We look forward to a successful future together.”. Pyrowave says its technology enables recycling of plastic scrap by using electricity. Recycling Today talked to Doucet earlier this year about how he developed his technology and started Pyrowave for the Fresh Perspective podcast. Exhibit 10.22 . PureCycle Technologies Inc. is developing a commercial-scale PP recycling facility in Ironton, Ohio. The current global challenges surrounding polypropylene waste are significant. PureCycle Technologies has raised a total of $288.2M in funding over 5 rounds. According to the WDF, a CBU is similar to a carbon credit, a tradable certificate representing the offset of one metric ton of CO2 or the equivalent amount of a different greenhouse gas. Upon completion, PureCycle’s first plant is expected to produce over 105 million pounds of ultra-pure recycled polypropylene (UPRP) per year, which will be used in consumer goods packaging, home furnishings, and other applications that currently have very limited options for recycled PP today. PureCycle Technologies will make high-quality, recycled PP widely available for purchase across industries. 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. The companies plan to close this transaction by the first quarter of 2021. “The purpose is to manufacture tires made of increasingly sustainable materials and to make these technologies available to innovative recycling channels. Forward-looking statements are neither historical facts nor assurances of future performance. We further capitalize initial scaling and commercialization through an established Fund, providing Innventure’s institutional and private clients unfettered access to the end product of all of our work and experience in launching these unique, high value private companies through a systematic approach that greatly reduces the risks inherent in venture investing. PureCycle Technologies is … “Exodus Global seemed like a natural fit as we pay homage to our past of building Exodus Material Handlers and look forward to the future of building a world-class organization with ties across the globe,” says Kevin Boreen, CEO of Exodus Global. PureCycle Technologies has a license to commercialize solvent-based recycling purification technology for restoring polypropylene (PP) scrap into virgin-like resin. Michelin’s joint development agreement with Pyrowave will result in the implementation of new value chains in the circular economy with goals of redesigning new packaging or manufacturing new products from recycled plastics in the automotive, electronics and tire sectors. Investment firms … This date change means that we will shift from three days of an exhibit hall to two days on Tuesday and Wednesday, June 29-30. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. 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. This technology demonstrates P&G's commitment to sustainability and helps in … PureCycle is a portfolio company of Innventure. The company's filing status is listed as Multiple and its File Number is 0429507. 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