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PCT| Name | Value |
|---|---|
| Revenues | 0.0M |
| Cost of Revenue | 8.5M |
| Gross Profit | -8.5M |
| Operating Expense | 13.3M |
| Operating I/L | -17.0M |
| Other Income/Expense | -4.0M |
| Interest Income | 1.3M |
| Pretax | -25.8M |
| Income Tax Expense | 5.3M |
| Net Income/Loss | -31.1M |
PureCycle Technologies, Inc. specializes in producing ultra-pure recycled polypropylene (PP) resin through a proprietary recycling process. The company holds a license for transforming waste PP into virgin-like resin by removing color, odor, and other contaminants from plastic waste feedstock. PureCycle generates revenue by selling its high-quality recycled resin to manufacturers for use in various products, contributing to the circular economy and reducing the environmental impact of plastic waste.
