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PureCycle Technologies, Inc., previously known as Roth CH Acquisition I Co. (NASDAQ: ROCH), has completed its business combination, effective March 18, 2021. This merger allows PureCycle to enhance its capital access and accelerate its mission of transforming waste polypropylene into sustainable products using proprietary technology from Procter & Gamble. With over $730 million raised for expansion and a strengthened executive team, PureCycle aims to scale operations beyond its Ironton, Ohio facility, while addressing the low recycling rate of polypropylene.
Roth CH Acquisition I Co. (NASDAQ: ROCH) and PureCycle Technologies LLC announced the completion of their business combination on March 17, 2021. The merger was approved by stockholders on March 16, and PureCycle’s common stock will begin trading under the ticker symbol PCT on March 18. PureCycle holds a global license for a patented solvent-based recycling technology developed by Procter & Gamble, aimed at purifying waste polypropylene into virgin-like resin. This significant development positions PureCycle for growth in sustainable materials.
