PureCycle's PureZero™ Program Sees Great Success in First Season with Bengals
ORLANDO, Fla., Feb. 7, 2023 /PRNewswire/ -- PureCycle Technologies (NASDAQ: PCT) and the Cincinnati Bengals , today, announced a partnership milestone after working together during the 2022 season. Together, they recycled more than 40 tons of aluminum and plastic at Bengals home games through PureCycle's PureZero ™ waste program. The Bengals also recycled more than 60 tons of cardboard during the season.
PureCycle CEO Dustin Olson said, "It's great to see the team's on-field success matched by their sustainability efforts off the field. This is evidence of what can happen when best practices are put into place and everyone is pulling in the same direction. Thank you to the Bengals, Aramark and Rumpke for their efforts in helping to keep stadium waste from ending up in local landfills and waterways."
"Partnering with PureCycle on this program showcases how partnerships come together off the field," said Ryan Holmes, Bengals Director of Corporate Partnerships. "Traditionally, fans think of sponsors as advertisers they see in the stadium, but this relationship showcases how a true partnership between the team and sponsor can make a positive impact on our environment and the community."
As part of the PureZero ™ program, the Bengals have implemented a multi-step approach to reducing the amount of plastic waste generated at the team's home games. PureCycle is working with the Bengals on recommendations to stock concessions with No.5 plastic products to create a truly circular recycling system.
"Like with their own team, the Bengals have the right players in place to make this a truly successful program," said Jeff Snyder, Director of Recycling, Rumpke Waste & Recycling. "As Ohio's recycling leader, Rumpke continues to invest millions annually into our recycling programs to ensure our customers – like the Bengals – can recycle the most amount of material possible, and thanks to innovators like PureCycle – Bengals fans could recycle more plastics than ever before. We look forward to continuing to work with the stadium and Aramark on growing this program."
PureCycle uses a game-changing patented technology that can remove virtually all contaminants, colors and odors from polypropylene plastic waste (designated as No.5 plastic) and transform it into an ultra-pure plastic resin that can be used multiple times.
PureCycle Contact
Christian Bruey
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+1 (352) 745-6120
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 (P&G), that is designed to transforms polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic.www.purecycle.com
Forward-Looking Statements
This press release contains forward-looking statements, including statements about the financial condition, results of operations, earnings outlook and prospects of PureCycle. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of PureCycle 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. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section of PureCycle's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 entitled "Risk Factors," those discussed and identified in public filings made with the U.S. Securities and Exchange Commission (the "SEC") by PureCycle and the following:
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