PureCycle Technologies: Until Ironton Scales, I'm Waiting

Summary

• PureCycle Technologies, Inc. tackles polypropylene recycling by purifying post-consumer waste into high-quality resin for manufacturers.
• PCT's proprietary solvent-based purification process removes dyes, odors, and contaminants, enabling recycled polypropylene to meet demanding product standards.
• PCT's PureFive resin received one-year conditional approval as postconsumer recycled content under New Jersey's Recycled Content Law, driving a 20% stock surge.
• I am evaluating whether this regulatory catalyst justifies chasing PCT's recent price momentum, given the next 12 months will determine permanent approval.