Latest news with #plasticsrecycling
Globe and Mail
20 hours ago
- Business
- Globe and Mail
Why PureCycle Technologies Was Racing Higher This Week
Experimental plastics recycling company PureCycle Technologies (NASDAQ: PCT) got a boost this week from a bullish note published by an analyst. By late Thursday evening, according to data compiled by S&P Global Market Intelligence, the company's shares were trading more than 18% higher week to date. A bull reiterates his buy recommendation The PureCycle bull is Cantor Fitzgerald's Andres Sheppard, who on Wednesday morning reiterated his overweight -- buy, in other words -- recommendation on the company's stock. He also maintained his $12-per-share price target. In Sheppard's view, according to reports, PureCycle is a fine long-term play as it leverages patented, exclusive technology for plastics recycling. It also boasts a first-mover advantage and sits in front of a large total addressable market. PureCycle is also actively demonstrating its offerings to the world in a series of customer trials, of which there are more than 30 at present, according to the analyst. A further slate of over 50 trials is pending. Finally, it recently booked its first revenue, moving it out of the experimental and into the commercial stage of its life. The ability to scale The Cantor Fitzgerald pundit also sounded a bullish note about PureCycle's future, pointing out that a facility currently in development in Georgia should add meaningful scale to its operations. That plant is expected to become operational in 2027. Given its unique angle on plastics recycling, PureCycle is certainly an intriguing investment. It's certainly worth a look, as we live in a world awash in plastic and good recycling solutions are welcome. I'd say this is a stock to keep an eye on. Should you invest $1,000 in PureCycle Technologies right now? Before you buy stock in PureCycle Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PureCycle Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor 's total average return is998% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
03-06-2025
- Business
- Yahoo
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY Sika and Sulzer have signed a memorandum of understanding to establish a joint venture to advance plastics recycling in the construction industry. The aim is to combine the strengths of both companies: Sika's extensive expertise in polymer applications and high-performance building materials and Sulzer's leading process knowledge in chemical recycling. The joint venture, based in the Zurich area, will be founded as an independent company, with each partner holding a 50 percent stake. Operational activities will commence in the second half of 2025 with pilot projects in Germany, Austria and Switzerland. Approximately two million tons of plastic waste are generated in the European construction industry alone each year. Currently, recycling these complex materials is highly fragmented, technically demanding, and often inefficient. As a result, the majority of construction plastics are disposed by the end of their lifecycle, since existing mechanical recycling methods produce low-quality materials that are not suitable for reuse. PARTNERING FOR SUSTAINABLE TRANSFORMATION OF THE CONSTRUCTION INDUSTRY With this joint venture, Sika and Sulzer are developing a system for the collection, processing and reuse of construction plastics using mechanical and chemical processes. Ivo Schädler, Head of Construction Sika: "This joint venture represents a significant milestone on our path toward greater sustainability and circularity in the construction industry. By converting waste into high-quality raw materials, the project helps reduce Scope 3 CO₂ emissions. At the same time, it supports companies in meeting increasing ESG standards and unlocking new value creation streams. Together, we are making a decisive contribution to the sustainable transformation of the construction industry, and thus to the future viability of the sector and our customers." Michael Schüepp, Head of Ventures Sulzer: "Sulzer technologies are at the heart of critical infrastructures and processes. Our solutions enable industries around the world to reduce emissions, reuse resources and recycle materials. Global developments show that our products, services and technologies are more relevant than ever. The combination of Sulzer's and Sika's technologies is now paving the way for the construction industry to achieve a functioning circular economy and an even more sustainable future. We are supporting an important industry on its journey toward a more cost-effective, efficient, and low-emission future." The joint venture initiators Michael Schüepp, Head of Ventures at Sulzer, and Ivo Schädler, Head of Construction at Sika. Both companies are looking forward to jointly advancing the transformation of the construction industry towards greater sustainability. SYSTEMATIC RECYCLING OF CONSTRUCTION PLASTICSThe joint venture between Sika and Sulzer will close gaps in the value chain of the construction industry, and offer customers a comprehensive, cost-efficient service package. The offering will be complemented by local partners, such as logistics and recycling companies, which will be integrated into specific process steps. Recycled materials will thus be reincorporated into the manufacturing process. SIKA AG CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. SULZER CORPORATE PROFILESulzer is a leading international provider of critical applications for core infrastructures and processes in the world's most important industries. Sulzer's integrated solutions create value by enabling energy efficiency, the reduction of carbon emissions and pollution, and better process efficiency. Customers benefit from innovation, performance and quality from the responsive network of 160 world-class manufacturing facilities and service centers around the world. Sulzer has been headquartered in Winterthur, Switzerland, since 1834. In 2024, 13,500 employees generated sales of CHF 3.5 billion. Sulzer's shares are traded on the SIX Swiss Exchange (SIX: SUN). CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 The media release can be downloaded from the following link: Media ReleaseSign in to access your portfolio
BBC News
07-05-2025
- Business
- BBC News
Recycling firm bids to become first new tenant at Grangemouth site
Recycling firm bids to become first new tenant at Grangemouth site Just now Share Save Kevin Keane BBC Scotland's environment correspondent Share Save BBC The prototype 'cracker' uses chemical engineering to break plastics into component parts A company behind a "new concept" in plastics recycling is in talks to become the first business to move into the Grangemouth green energy hub. Remarkable Energy says its technology, which has been developed alongside experts from Heriot-Watt University in Edinburgh, can improve the quality of recycled products. It says Grangemouth is ideally placed to provide the skilled engineering jobs it needs to scale up from the prototype it has built. But it wants to make the move this year while it still has a chance of attracting workers from the refinery, which closed last week. The crude product (closest) comes out of the cracker before being refined into other liquid oil-based fuels Scotland's only oil refinery, owned by Petroineos, has stopped processing crude oil at Grangemouth after a century of operations. In March, the Scottish and UK governments published the long awaited Project Willow report setting out long-term options for the site as it transitions away from fossil fuels. The creation of high-grade plastics from recycled products was one of the nine options identified in the study. Remarkable Energy has been in discussions with the refinery's owner, Petroineos, to identify a suitable site - and now wants to accelerate the move to Grangemouth. Ed Douglas Miller, who developed the chemical recycling technique, says it has huge potential Most mechanical recycling involving "stepping down" the quality of the plastic, or using small quantities combined with virgin materials. Remarkable says it targets difficult to recycle plastics, and currently processes waste agricultural film. The plastics are passed through a thermal catalytic cracker which creates a crude oil-based liquid. That liquid can then be refined into the component parts which are used in the manufacture of plastics. Company founder Ed Douglas Miller says it is a circular process which creates the building blocks of plastics. "This is groundbreaking stuff," he said. "This is a new concept in recycling, a new way to address it. "It's ridiculous how much plastic is being made and how little is being recycled." A small scale demonstrator inside a shipping container first proved the technology works The company says its existing prototype could deal with about 4,500 tonnes of plastic each year. It predicts that this could rise to 20,000 tonnes within a few years on a new site at Grangemouth. It would need 25 skilled jobs in the first six months to expand the business, increasing to 55 by the end of the decade. Chief operating officer James Boyce has been in discussions with Scottish Enterprise and both the Scottish and UK governments about securing funding to accelerate its development. He says the company is fundamentally a hydrocarbon processing facility like the Grangemouth refinery, but on a smaller scale. He added: "Since the announcement of the closure of the refinery, a concern for us is many of the people who we wanted to hire will no longer be there. "We need to adjust our time frame to meet the closure of the refinery."
