PureCycle Technologies, Inc.
Climate Impact & Sustainability Data (2021, September 30, 2024)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainability
Environmental Achievements
- Successfully processed approximately 145 feedstocks from the United States and Europe and produced recycled polypropylene nearly identical to virgin polypropylene.
- Expected to utilize approximately one fourth the amount of energy required to produce virgin polypropylene resin
Social Achievements
- Employee turnover rate of 7.5%
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Build new recycling production facilities globally in Asia and Europe.
Short-term Goals:
- Begin production at the Ironton Facility in late 2022 and be fully operational in 2023.
Environmental Challenges
- Meeting applicable regulatory requirements for the use of PCT’s UPR resin in food-grade applications.
- Complying with numerous regulatory requirements applicable to the UPR resin and PCT’s facilities.
- Scaling and building its first commercial-scale recycling facility in a timely and cost-effective manner.
- Completing necessary funding and construction of its first U.S. cluster facility in a timely and cost-effective manner.
- Sourcing feedstock with a high polypropylene content.
- Securing waste polypropylene.
- Securing future strategic partners for continuing development of additional offtake and feedstock opportunities.
- Market acceptance of UPR resin.
- Competition.
- Potential impact of climate change.
Mitigation Strategies
- Filed for an FDA Letter of No Objection.
- Developing alternative sourcing strategies.
- Implementing Feedstock+ pricing model.
- Actively working through strategies to mitigate the impact of tariffs and trade agreements.
- Developing additional strategic partnerships.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- extreme weather conditions
Transition Risks
- regulatory changes, market shifts
Opportunities
- development of energy-efficient products
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- UPR resin
Awards & Recognition
- Not disclosed
Reporting Period: September 30, 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Review of the quantity of RTI Warrants disclosed in the Company’s historical financial statements, including the financial statements as of and for the fiscal quarter ended September 30, 2024. The potential non-cash impacts on the current and prior financial statements due to the inclusion of an additional approximately 540 thousand shares of Common Stock to be issued upon exercise of the RTI Warrants.
Mitigation Strategies
- The Company is working diligently to complete the Form 10-Q.