It serves us very well on variable cost, and it also serves us very well in terms of our carbon footprint. And if in the future, regulatory bodies, implement systems whereby credits are generated, we’ll be in the best position to reach those benefits. So I look at that as a potential upside in the future that’s not well defined at this moment. But definitely a potential upside.
Operator: This question comes from Brian Butler of Stifel.
Brian Butler: Great. Just the first one. When you look at kind of the ramp-up to the shutdown, could you talk maybe a little bit more detail on maybe the frequency of operating incidents as you are approaching the shutdown? And when you think of the screen that you’re adding, is there a plan B if that doesn’t work out? I mean it sounds like you have a lot of confidence in it, but I just give this another option.
Dustin Olson: Well, let me first say that screen changers are very normal, okay? These are — this is not like a novel technology. This is used everywhere in the market. And nearly every plant in the world has screen changes on them. In fact, in Ironton on our feed extruders and also on our additive extruders, we have screen changes, and they work really well, and they removed a lot of contaminants. We’re very confident in our ability to remove the beads. And we’re also very confident that the beads will eventually go away. We are working a couple of other parallel paths. We are upgrading the internals of the adsorber column to minimize the potential leakage of beads out. And we’re also looking at the downstream filters from those adsorber, so we can ensure that the beads don’t get through.
The issue was on startup, we had a gross leak of beads in the system, and it was thousands and thousands of beads that got in, but it only takes a few beads to really cause a problem. And that headache just never went away. So we feel really good about the screen changer problem, the screen changer solving this problem, getting us to continuous rates.
Brian Butler: Okay. And then on the financial side, can you talk about what’s currently the monthly cash burn? And maybe also give a little color on the cost associated with the shutdown, how much incremental does that add?
Lawrence Somma: I’ll take the cost first of the shutdown. The cost of the shutdown is the screen changer itself is a $0.5 million to $1 million expense that we have to incur, okay? But the rest of the shutdown is very limited in cost because it’s mostly labor. It’s mostly metal works. And so from an equipment perspective or materials perspective, it’s pretty low. I think the total outage for this will be under $2 million.
Dustin Olson: And to address your other question. So Brian, the way we think about burn is total company and then total company, excluding operations in Ironton and corporate allocation. So I’m going to talk about the latter because that’s most relevant. Up until this point, we’ve absorbed all the cost of Ironton at [indiscernible]. But as soon as we’re operating and bringing in revenue, which is very close, we will be able to allocate the cost of Ironton and a corporate allocation associated with that. When you net that out, our corporate burn would be about $10 million per quarter. So that’s what I would say we will track out excluding all of Ironton and your corporate allocation. And we do have a requirement to post a Ironton budget submission by December 15. So we’ll be doing that, and there’ll be more information in the market when that happens.
Operator: At this time, I am showing no further questions. I’d like to hand it back over to Dustin Olson for closing remarks.
Dustin Olson: Yes. Thank you very much for your time today and also with your patience as we work through the Ironton startup. We know that Q3 wasn’t where we wanted to be. And quite frankly, we are very disappointed with the beads and the situation we are in. But I think it’s important to stay focused on where we’re going, okay? It seems like every quarter we issue something bigger and more exciting. I think that in December, we will be 100% focused on delivering the volumes as defined in the agreement. We know that the screen changer is the critical piece of equipment that we need to get this plant up and running successfully. And we have a plan to complete that in November. We have the right team, we have the right experience now, and we have the assets that are under our control to do what we need to do, and we look forward to showing that to the market in December.
Thank you for your time. Thank you for joining the PureCycle team and helping us to create a pure planet.
Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
