© 2020 PureCycle Technologies. "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. PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. “Our recycling process produces virgin-like resin and we are well-positioned to meet the consumer demand for recycled content as well as global sustainability mandates.”. In addition to his role at PureCycle Technologies, Jim serves as VP and CFP for Glockner Enterprises, southeast Ohio’s leading transportation solution organization. PureCycle Technologies LLC provides plastic recycling services. PureCycle Technologies has joined forces with Nestle and Milliken to speed up plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality using a revolutionary recycling technique. PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. PureCycle Technologies has successfully completed purified waste carpet from its Feedstock Evaluation Unit (FEU), transforming discarded carpet into clear, odourless, ultra-pure polypropylene (UPRP) resin through its proprietary plastics recycling technology, developed and invented by Procter & Gamble. The successful scaling of the technology unlocks the value for a wide range of … Meanwhile, an acquisition-focused company continues to eye PureCycle. Working together to aid the process, PureCycle will use its patented recycling process, developed and licenced by Procter & Gamble, in order to […] The merged entity would have a market value of $1.1 billion and an enterprise value of roughly $825 million, they said. In April, it said it was negotiating a combination with PureCycle Technologies, a Chicago-based polypropylene recycling company. (Bloomberg) -- PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., … As with all deals that aren’t yet finalized, it’s possible talks could collapse. PP recycling startup PureCycle Technologies recently raised $1.45 million in investments, financial filings show. Purecycle offer fully developed concept packages, including site infrastucture, buildings, waste recycling systems, operation & maintenance contracts and green funding. PureCycle Technologies is paving the way towards making polypropylene a renewable resource and an integral part of the circular economy. Designing bespoke plants to process various waste streams to generate recyclables for resale, along with tyre recycling systems and waste shredding systems. Have a confidential tip for our reporters? Technologies. Roth is led by Chairman and CEO Byron Roth and co-presidents Aaron Gurewitz and Rick Hartfiel. By breaking plastics into component parts, a process known as chemical recycling offers a promising way to turn used products into new ones with a minimum of waste. This isn’t the first time that PureCycle has been near a SPAC merger. Leadership in Innovation Award-winner PureCycle Technologies uses post-consumer and post-industrial polypropylene for consumer … Velodyne is best known for making radar-like systems for self-driving vehicles. PureCycle, led by Chief Executive Officer Mike Otworth, this month said it had issued bonds to raise $250 million that would fund the construction of its first plant in Ironton, Ohio. See our current openings at our parent company’s careers page! Vaccines May Start Friday Amid Covid’s Worst: Virus Update, Snowflake Gains as Analysts Boost Targets on Surging Revenue, Rolling Stones Keys Man Reveals 50 Years of Rock Glory in Biopic. L’Oréal agreement rounds out PureCycle strategic offtake partners for ultra-pure recycled polypropylene, a critical milestone for the upcoming first Commercial Plant. Waste Recycling Solutions. The polypropylene recycling is a growing, massive global … ensia.com . The PureCycle Technologies Feedstock Evaluation Unit construction is under way! Technically, and in the case of GRAF, that is the reality of the day or more aptly, the past week and change. They are in negotiations with www.purecycletech.com, which is a startup that is commercializing recycling technology developed by Procter and Gamble. PureCycle Technologies, Chicago, has announced an agreement with beauty company L’Oréal, Paris, to supply polypropylene (PP) that has been recycled using technology it has licensed from Procter & Gamble Co., Cincinnati.. With this agreement, the production from PureCycle’s still-under-construction Ohio plant has been fully contracted for sale, the company says. About PureCycle Technologies PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. Before it's here, it's on the Bloomberg Terminal. In April, Graf Industrial Corp. said it was negotiating with PureCycle. All Rights Reserved. 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