Overview
- PureCycle said it obtained EU REACH compliance, clearing regulatory requirements to sell its PureFive recycled polypropylene in the bloc.
- Shares closed up 12.22% at $14.78 after the announcement, according to Insider Monkey’s market report.
- The company plans its first European plant at the Port of Antwerp in Belgium, with completion targeted over the next three years.
- Vice president Wiebe Schipper said the clearance enables future orders and sample deliveries so European customers can try the resin before local production starts in 2028.
- Investor-focused coverage notes the potential of EU market access alongside execution and timeline risks tied to the Antwerp project.