Name | Value |
---|---|
Revenues | 11.9M |
Cost of Revenue | -26.4M |
Gross Profit | 26.4M |
Operating Expense | 65.4M |
Operating I/L | -39.0M |
Other Income/Expense | -46.6M |
Interest Income | 3.6M |
Pretax | -85.6M |
Income Tax Expense | 0.0M |
Net Income/Loss | -85.6M |
PureCycle Technologies, Inc. specializes in producing ultra-pure recycled polypropylene (PP) resin through a proprietary recycling process. The company holds a license for restoring waste PP into virgin-like resin by separating color, odor, and other contaminants from plastic waste feedstock. This innovative approach allows PureCycle to generate revenue by transforming plastic waste into high-quality recycled resin, catering to the growing demand for sustainable materials in various industries.