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Mar 31, 2023
PureCycle Q1 2023 Earnings Report
Announced corporate update and financial results for the first quarter.
Key Takeaways
PureCycle Technologies announced that the Ironton facility is mechanically complete and ready for startup. They secured $62 million in debt financing and are evaluating proposals for the Augusta project. They also submitted a plan of finance to the Development Authority of Augusta, GA.
Ironton facility is mechanically complete and ready for startup.
Secured $62 million of debt financing.
Submitted plan of finance to the Development Authority of Augusta, GA for one purification line.
Working towards the goal of closing on the land rights by June 30, 2023.