Plastic Recycling

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PureCycle Schedules Second Quarter 2025 Corporate Update
Globenewswire· 2025-07-25 12:00
ORLANDO, Fla., July 25, 2025 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Thursday, August 7, 2025 to provide an update on recent corporate developments. A press release discussing such developments and other activity from the second quarter will be provided prior to the conference call. Second Quarter 2025 Conference Call Details Date: August 7, 2025 Time: 5:00 p.m. EDT Participant Link: PureCycle Tech ...
Supervisory Board of Cabka nominates Mark Letterie for appointment as Chief Financial Officer
Globenewswire· 2025-07-15 06:00
Core Viewpoint - Cabka N.V. has nominated Mark Letterie as the new Chief Financial Officer (CFO) and Anja Siegesmund for the Supervisory Board, with appointments to be considered at an upcoming Extraordinary General Meeting of Shareholders [1] Group 1: Management Changes - Mark Letterie brings over 15 years of international finance experience, previously serving as Finance Director Europe at Vinmar International, overseeing financial governance for revenues exceeding €500 million [2] - Letterie holds a Master of Science in International Economics and Finance and is a Certified Management Accountant (CMA), making him well-suited for Cabka's growth phase [3] - He will succeed Frank Roerink, who will assist during a handover period until the end of November 2025 [4] Group 2: Company Overview - Cabka specializes in transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP), contributing to sustainability in logistics [5][6] - The company is recognized for its integrated approach to recycling, manufacturing, and closing the loop from waste to end-products, supported by its own innovation center [6] - Cabka has been listed on Euronext Amsterdam since March 1, 2022, under the CABKA ticker [7]
Why PureCycle Technologies Stock Was on Fire This Week
The Motley Fool· 2025-06-20 17:00
For the second week in a row, next-generation plastic recycling specialist PureCycle Technologies (PCT -2.59%) was quite the hit on the stock exchange.Thanks to a successful round of capital raising and a bullish analyst note on its prospects, the company's shares were trading nearly 21% higher week to date early Friday morning, according to data compiled by S&P Global Market Intelligence.$300 million worth of good newsPureCycle has managed to raise $300 million in fresh capital commitments from a mix of fo ...
Why PureCycle Technologies Rallied Today
The Motley Fool· 2025-06-17 17:02
Core Viewpoint - PureCycle Technologies has experienced a significant stock surge following a major investment announcement, indicating strong investor confidence in the company's growth potential and expansion plans [1][5]. Funding and Investment - PureCycle has raised $300 million through convertible preferred stock, which offers a 7% coupon and converts to common equity at a 30% premium to the stock's 10-day volume-weighted average price prior to the announcement [2]. - Notable investors in this funding round include Sylebra Capital Management, Samlyn Capital, and Stanley Druckenmiller's Duquesne Family Office, among others [2]. Expansion Plans - The company plans to expand its second U.S. facility in Augusta and construct two new international recycling plants in Thailand and Antwerp, with funding allocated for these developments [3]. - PureCycle anticipates generating $600 million in annual EBITDA by 2030 once the new facilities are fully operational [3]. Market Performance - Following the investment announcement, PureCycle's stock price increased significantly, nearing the preferred shares conversion threshold, driven by robust expansion plans and notable investor participation [5]. - The company's market capitalization is approximately $2.6 billion, which will increase by another $300 million upon conversion of the preferred shares to common stock [6].
PureCycle (PCT) Earnings Call Presentation
2025-06-17 12:48
Growth Capital Raise Corporate Update June 17, 2025 Confidential Information. Do Not Distribute. 11 Confidential Information. Do Not Distribute. Forward-Looking Statements This presentation contains forward-looking statements, including statements about the expected timing of the closing of the proposed offering of preferred stock and the continued execution of PureCycle's business plan; the expected growth in the number of PureCycle's facilities, including the timing of such growth and the expected product ...
Aduro Clean Technologies Announces Pricing of US$8 Million Underwritten Public Offering
Globenewswire· 2025-06-10 12:00
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21 century. LON ...
Agilyx Joint Venture, Plastyx Ltd, reaches 75% of 2025 goal
Prnewswire· 2025-06-03 16:15
Group 1 - Agilyx ASA's venture Plastyx Ltd. has achieved 75% of its goal to secure MOUs for 200,000 metric tons of waste plastic by the end of 2025, having executed MOUs for 150,000 tons to date [1] - Plastyx is on track to potentially double its target, contributing to advanced recycling growth by forming partnerships and enhancing material processing capabilities for high-quality polymers [2] - Agilyx ASA is a leader in advanced recycling, transforming post-use plastics into high-value feedstock and virgin-equivalent products, and operates through joint ventures with ExxonMobil and LyondellBasell [3] Group 2 - The company supports the collection and processing of post-use plastic waste into high-quality feedstock solutions for global plastic producers through its joint venture Cyclyx [3] - Agilyx, via its joint venture with Circular Resources, provides essential European-sourced feedstock to the global mechanical and advanced recycling markets [3] - The company is advancing the transition to a low-carbon future by shifting from a linear "make-take-waste" model to a circular economy [3]
Cabka Annual General Meeting results: All resolutions duly passed
Globenewswire· 2025-05-30 06:00
Core Points - Cabka N.V. held its Annual General Meeting (AGM) on May 29, 2025, in Amsterdam, where all proposed resolutions were passed [1] - A total of 12,254,913 votes were cast, representing 49.40% of the total issued share capital of 24,808,378 shares [1] Agenda Items Summary - **Remuneration Report**: The remuneration report for the management and supervisory boards for the financial year 2024 received 12,253,660 votes in favor, with 975 against and 278 withheld [2][3] - **Financial Statements**: The adoption of the company and consolidated financial statements for the financial year 2024 was approved with 12,254,635 votes in favor, no votes against, and 278 withheld [4][5] - **Discharge of Managing Directors**: The discharge of managing directors for the financial year 2024 was supported by 12,254,160 votes in favor, with 475 against and 278 withheld [6][7] - **Discharge of Supervisory Directors**: The discharge of supervisory directors for the financial year 2024 also received 12,254,160 votes in favor, with 475 against and 278 withheld [8][9] - **Appointment of Supervisory Director**: The appointment of a supervisory director was approved with 12,254,135 votes in favor, 500 against, and 278 withheld [10][11] - **Reappointment of External Auditor**: The reappointment of the external auditor for the financial year 2025 was supported by 12,254,635 votes in favor, with no votes against and 278 withheld [12][13] - **Share Repurchase Authorization**: The management board was authorized to repurchase ordinary shares, receiving 12,253,091 votes in favor, 1,544 against, and 278 withheld [14][15] - **Issuance of Ordinary Shares**: The management board was designated as the competent body to issue ordinary shares, with 12,253,051 votes in favor, 1,584 against, and 278 withheld [16][17] - **Exclusion of Pre-emptive Rights**: The management board was also designated to restrict or exclude pre-emptive rights upon issuance of ordinary shares, receiving 12,253,051 votes in favor, 1,584 against, and 278 withheld [18][19] Company Overview - Cabka specializes in recycling plastics from post-consumer and post-industrial waste into reusable transport packaging (RTP), enhancing logistics chain sustainability [20][22] - The company is listed on Euronext Amsterdam under the CABKA ticker since March 1, 2022 [23]
CARBIOS signs its first biorecycled PET sales contracts with two global cosmetics leaders
Globenewswire· 2025-05-27 15:45
CARBIOS has signed two multi-year commercial contracts for biorecycled PET from its Longlaville plant, with L'ORÉAL and L'Occitane en Provence, and has moved forward with the execution of this future plant’s strategyThese initial commercial contracts confirm market demand for high-quality, recycled and recyclable PET from enzymatic recycling Clermont-Ferrand (France), 27 May 2025 (17.45 CEST). CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technolo ...
Cabka NV Announces Changes in Supervisory Board
Globenewswire· 2025-05-21 06:00
Amsterdam 21 May 2025, 8 AM CEST.Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announces that Tova Posner Henkin has decided to resign for personal reasons from her position as member of the Supervisory Board, effective 30 May 2025. The company also announces the interim appointment of Anja Siegesmund to the Supervisory Board, subject ...