PCT - PureCycle: Where There's Muck There's Money
2024-02-20 07:08:22 ET
Summary
- PureCycle Technologies is using a patent-protected technology to recycle polypropylene and turn it into virgin-quality polymers.
- The global plastic waste problem is increasing, with only a small percentage of plastic being recycled. PureCycle's technology offers one solution to this issue.
- The company is facing technical challenges with its first commercial-scale facility, but if successful, it has the potential for significant growth and revenue.
Thesis
Regulation towards plastic waste is increasing, as is the general awareness that plastic in the environment is a problem. Regardless of your view of global warming or green energy, polluting the environment with billions of tonnes of plastic, allowing it into every ocean and water source, contaminating every ecosystem, and the risk caused to human and animal life cannot be seen as a good thing.
The catalyst for researching this area was simple. There must be money to be made in recycling plastic; governments want change, people want change, and some companies will be rewarded by enabling that change. "Where there's muck, there's brass," a 19th-century saying, meaning when things get messy, there is money to be made.
PureCycle
PureCycle Technologies ( PCT ) has a patent-protected technology, initially invented by Procter & Gamble ( PG ), that it hopes to use to recycle polypropylene. Polypropylene is currently recycled in minimal quantities, and the PCT technology can turn used polypropylene into virgin-quality polymers. Initial shipments have been made and accepted by customers....
PureCycle: Where There's Muck There's Money