IRONTON, OH / ACCESSWIRE / September 25, 2023 / PureCycle Technologies, Inc. (Nasdaq: PCT) recently hosted officials from the Port of Antwerp-Bruges ("PoAB"), including CEO Jacques Vandermeiren, at their flagship purification facility in Ironton. The PoAB group was shown the ongoing operations at the facility which will closely resemble PureCycle's future facility in Europe.
PureCycle CEO Dustin Olson said, "It's always great to host visitors to our facility, but this was extra special. Jacques and his team from the Port of Antwerp-Bruges have been incredibly supportive of PureCycle's efforts to bring our recycling technology to Europe. It was great to have them get more familiar with our process and see some of the recently produced pellets."
The visit from the PoAB delegation comes following the recent Green Transition: Belgium-US Partnership event in New York, NY on September 20th. PureCycle CEO Dustin Olson attended the event and had the chance to discuss collaborative opportunities with both the Belgian Prime Minister Alexander De Croo and Vandermeiren.
PoAB CEO Jacques Vandermeiren added, "I've seen the pictures and videos of the Ironton facility, but until you see it in person, you can't really grasp the true scale of the operation. This is a great advancement for our planet and the circularity of plastics. We can't wait to see a facility like this at the Port of Antwerp-Bruges."
With PureCycle's first-of-its-kind approach to creating a circular economy for polypropylene, the company strategically fits within the NextGen Districts ambition to be a hub for businesses seeking to advance the circular economy.
PureCycle's VP of European Operations Wiebe Schipper added, "It was great being able to offer the PoAB group a ‘sneak preview' of what PureCycle Antwerp is going to look like. We thank the delegation for making time in their busy schedule to come see our flagship plant in Ironton."
Located within the NextGen District at the Port of Antwerp-Bruges, PureCycle's future site will occupy a 14-hectare plot that can house up to 4 purification lines. This means the site has the capability of creating an anticipated total capacity of 240,000 metric tons of PureCycle's Ultra-Pure Recycled resin annually.
PureCycle's Antwerp site was chosen from an extensive list of approximately 40 other European locations due to its unique balance of supported infrastructure, sustainability goals and deep ties to geopolitics throughout Europe.
PureCycle is set to begin construction in 2024 after the completion of the permitting process.
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 transform 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 outcome of any legal proceedings to which PureCycle is, or may become a party, and the financial condition, results of operations, earnings outlook and prospects of PureCycle. Forward-looking statements generally relate to future events or PureCycle's future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional 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 (or the negative versions of such words or 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 entitled "Risk Factors" in each of PureCycle's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and PureCycle's Quarterly Reports on Form 10-Q for the periods ended March 31, 2023 and June 30, 2023, those discussed and identified in other public filings made with the Securities and Exchange Commission by PureCycle and the following:
The forward-looking statements in this press release represent our views as of the date of press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward looking statements do not represent our views as of any date other than the date of this press release.
All subsequent written and oral forward-looking statements or other matters attributable to PureCycle or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this press release. Except to the extent required by applicable law or regulation, PureCycle undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
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