- Berry Global Group Inc BERY has signed an agreement with PureCycle Technologies Inc PCT for Ultra-Pure Recycled (UPR) advanced recycled resin. The financial terms were not disclosed.
- PureCycle's patented recycling process separates color, odor, and contaminants from plastic waste feedstock to transform it into ultra-pure recycled polypropylene.
- The material will be supplied to Berry in summer 2023 for manufacturing at one of ISCC PLUS-certified facilities.
- Berry expects access to recycled plastic will grow to over 600 million pounds per year by 2025.
- Price Action: BERY shares closed higher by 1.45% at $69.45 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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