Press Release
PureCycle and Gulfspan partner, build foundation to recycle one billion pounds of plastic by 2025

Partnership will accelerate production of ultra-pure, sustainable polypropylene

ORLANDO, Fla., Aug. 5, 2021 /PRNewswire/ -- Today**, **PureCycle Technologies, Inc. (Nasdaq: PCT) announces a strategic partnership with Gulfspan Industrial, LLC to build and reserve construction space in Beaumont, Texas for the fabrication of modular processing lines. Gulfspan's expanded capacity will help PureCycle's mission to grow its ability to recycle polypropylene (PP) into ultra-pure, sustainable plastic resin. This collaboration will also centralize and streamline PureCycle's module construction process, allowing the modules to be built and transported to sites across the world.

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