PureCycle Welcomes New Member to Board of Directors

ORLANDO, Fla. -- Today, PureCycle Technologies, Inc. (NASDAQ: PCT) announced the appointment of a new member to its Board of Directors, Daniel M. Coombs.  Mr. Coombs previously worked for LyondellBasell Industries N.V., one of the largest plastics, chemicals and refining companies in the world, and brings more than 40 years of petrochemicals, plastics and refining experience to PureCycle's Board of Directors. Mr. Coombs qualifies as an "independent" director under NASDAQ independence standards.

Mike Otworth, Chairman of the Board of Directors and CEO PureCycle, said, "Dan's deep industry and business experience is exceptional. We are honored to add Dan to our growing bench of experts on our Board of Directors. His experience will serve PureCycle well as we work toward our goal of completing our first commercial facility in Ironton, Ohio by the end of this year." 

Dan Coombs, former executive vice president for LyondellBasell, said, "I am thrilled to join PureCycle's Board of Directors and look forward to working collaboratively during this transformative time. I'm eager to be a part of this innovative team that has the opportunity to disrupt the recycled plastic industry and change the game when it comes to plastic waste."

Mr. Coombs most recently served from January 2017 through July 2020 as executive vice president global manufacturing, projects and refining for LyondellBasell Industries N.V. Mr. Coombs previously served as executive vice president for LyondellBasell's global business lines: olefins and polyolefins from January 2016 to January 2017, intermediates and derivatives from May 2015 to January 2016, and technology from May 2015 to September 2019.

Mr. Coombs previously spent 37 years at Chevron Phillips Chemical Company and Phillips Petroleum, serving as senior vice president global manufacturing from December 2013 to May 2015, specialties, aromatics and styrenics from January 2012 to November 2013, and deputy general manager, Qatar Chemical Company. Mr. Coombs earned his Bachelor of Science in Chemical Engineering from The Ohio State University, a Master of Science from the University of Tulsa and a Master of Business Administration from Texas A&M University. Mr. Coombs is an American Institute of Chemical Engineers Foundation Trustee and Chairman for the Corporate Council.  In addition, Mr. Coombs is a registered professional engineer.