PureCycle and SK geo centric discontinue South Korea JV; cite tech integration challenges

PureCycle Technologies, Inc.

Joint venture to build recycled polypropylene plant at SKGC Ulsan site terminated effective Oct 25, 2024.
Decision driven by difficulty coordinating multiple independent technologies on a single site.
Parties remain open to exploring an alternative location in South Korea.
No financial terms or penalties disclosed in the filing.

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