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Stock impact report

PureCycle and Plastic Ingenuity partner to develop sustainable coffee lids [Yahoo! Finance]

PureCycle Technologies, Inc. - Common stock (PCT) 
Company Research Source: Yahoo! Finance
Under the partnership, Plastic Ingenuity is using PureCycle's PureFive recycled polypropylene to make coffee lids, containing 25% to 100% recycled content. The project centres on supplying recycled-content packaging for the food service sector. Coffee lids were identified as a high-volume product where the use of virgin plastic can be reduced. Plastic Ingenuity sustainability and innovation director Zach Muscato said: “Plastic Ingenuity has always focused on helping our customers navigate the evolving demands of sustainable packaging. “Integrating PureFive resin into our coffee lid platform allows us to deliver a recycled solution that maintains the quality, consistency, and performance our customers expect. This is a meaningful step forward in supporting our partners' sustainability goals without compromise.” PureFive resin is made through PureCycle's dissolution recycling process. The process removes colour, odour, additives and other plastics from post-consumer polypro Show less Read more
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