ORLANDO, FLA, January 21, 2025-

PureCycle Technologies, Inc. (Nasdaq: PCT), today, announced the initial sale of nearly 500,000 pounds of resin to Drake Extrusion Inc. (Drake) for the production of continuous filament yarns, which could be used to make items such as rugs, upholstery, and apparel. Drake is North America’s leading manufacturer of colored filament yarn, and staple fiber.

The agreement comes after Drake’s successful production of continuous fiber using a compound that includes PureCycle’s PureFive™ resin. The resin was produced at Ironton, Ohio from 100% post-consumer recycled (PCR) feedstock and then developed into a compound by PureCycle’s Research & Development team in Durham, North Carolina.

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