Watching the Mike Taylor interview from last week's Hedgeye Investing Summit, which spends a great deal of time discussing $PCT and while my default setting is to respect both Hedgeye and Mr. Taylor and while I can see a short term bull case, I think he's messing up some facts. $PCT is a start-up company that is building a plant to recycle polypropylene using a process they licensed from Procter & Gamble. The process is to use a solvent to extract contaminations from recycled PP in the melt phase after which they would theoretically end up with pure PP.