PureCycle Technologies, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Dustin Olson
- Full Time Employees
- 174
- Sector
- Industrials
- Industry
- Industrial - Pollution & Treatment Controls
- Address
- 5950 Hazeltine National Drive Orlando FL United States of America 32822
- IPO Date
- Jul 14, 2020
- CIK
- 0001830033
- Website
- purecycle.com
- Similar Companies
- Business
- PureCycle Technologies, Inc. (Nasdaq: PCT) develops and commercializes a patented solvent-driven purification process, originally licensed from Procter & Gamble, to recycle polypropylene (PP) plastic waste into ultra-pure recycled (UPR) resin with virgin-like properties; the company's core product, marketed as PureFive resin, serves applications including consumer product packaging and labeling, textiles, automotive components, industrial plastic parts, and food-contact materials. Founded in 2015 and headquartered in Orlando, Florida, PureCycle operates its first commercial-scale facility in Ironton, Ohio, with plans for expansion including a pre-processing unit and compounding capabilities expected online by year-end 2025 to support approximately 100 million pounds per year of output. The company targets global markets in the plastics recycling industry, sourcing post-consumer and post-industrial PP waste feedstock while serving resin producers, converters, and consumer brands through strategic offtake agreements. In June 2025, PureCycle completed a $300 million capital raise from investors including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors, and Sylebra Capital Management to fund growth toward one billion pounds of installed capacity by 2030, projecting annual EBITDA of $600 million. Recent strategic developments include a partnership with IRPC Public Company Limited to construct a 130-million-pound PP recycling line in Rayong, Thailand, with construction starting in the second half of 2025 and operations targeted for mid-2027; additional facilities are planned in Antwerp, Belgium, operational in 2028, and a larger Gen 2 line exceeding 300 million pounds capacity in Augusta, Georgia, by 2029. In Q3 2025, PureCycle reported recognized revenue of $2.4 million, advanced negotiations for a €40 million EU grant, and planned Q4 shipments to a top customer, reflecting progress in commercialization amid ongoing permitting and engineering for international expansions.
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PureCycle Technologies, Inc. (PCT) Q1 2026 Earnings Call Transcript