PureCycle, SK Global Chemical Partner To Open Ultra-Pure Recycling Plant In South Korea

August 12, 2021 3:33 PM | 1 min read

PureCycle Technologies Inc PCT signed a memorandum of understanding (MOU) with SK Global Chemical, a technology-driven global chemical company headquartered in South Korea. The financial terms of the deal were not disclosed.
This MOU will enable the building and operating of a recycling facility in South Korea to transform polypropylene (PP) waste into ultra-pure polypropylene resin (UPRP).
PureCycle and SK Global Chemical will work towards solving the ongoing plastic waste crisis in South Korea and around the globe.
The MOU intends to develop solvent-based recycling operations in the Asia Pacific and add to the facility locations already growing across the U.S.
Price Action: PCT shares traded higher by 12.4% at $16.035 on the last check Thursday.

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