Drake Purchases PureCycle Resin Following Successful Production of Continuous Filament Yarns
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PureCycle Technologies, Inc. (NASDAQ:PCT) has sold nearly 500,000 pounds of resin to Drake Extrusion Inc. for the production of continuous filament yarns. This marks a significant step for PureCycle in commercializing its recycled resin products.
January 21, 2025 | 1:45 pm
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PureCycle Technologies has successfully sold a significant amount of resin to Drake Extrusion, marking a milestone in its commercial operations and potentially boosting its revenue stream.
The sale of 500,000 pounds of resin to a leading manufacturer like Drake Extrusion indicates strong demand for PureCycle's recycled products. This could lead to increased revenue and market confidence in PureCycle's business model.
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