We have just released a new article titled Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Among the highlights, PureCycle Technologies Inc. (NASDAQ:PCT) has shown remarkable gains on Tuesday.
The company broke its three-day streak of losses on Tuesday, surging 12.22 percent to finish at $14.78, as investors eagerly bought shares in anticipation of its upcoming ventures in the European Union (EU).
This rise comes after the company announced that it has secured its Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) Compliance. This certification confirms that PureCycle Technologies Inc. (NASDAQ:PCT) has adhered to the EU’s rigorous standards for human health and environmental safety.
Wiebe Schipper, the vice president focusing on European and Asia Pacific operations at PureCycle Technologies Inc. (NASDAQ:PCT), stated, âAchieving EU REACH certification allows us to broaden the distribution of our unique dissolution recycling technology. Weâre witnessing a growing demand for PureFive resin in Europe, and this certification will enable us to fulfill potential orders of our premium recycled polypropylene for our future European clientele before the commencement of our production in 2028.â
Image credits to Nick Fewings via Unsplash.
The REACH certification supports the company’s construction of its first facility in Europe, located at the port of Antwerp in Belgium, with completion anticipated within the next three years.
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Disclosure: None. This article was originally published at Insider Monkey.
