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PureCycle updates on resin production as losses widen

By Haydn Davis
15 May 2024

ORLANDO - PureCycle Technologies has issued a corporate update for its first quarter in which it has outlined the progress made on resin production and the upgrades made to its flagship Ironton facility.

Posting a net loss of US$85.6 million for its first quarter, PureCycle said that April was spent making improvements the manufacturing facility at Ironton with the completion of several projects that should help to improve reliability and drive more consistent product quality.

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