Purecycle Technologies Inc
purecycle.comPureCycle Technologies (NASDAQ: PCT) is a Florida-based plastics recycling company that commercializes a patented dissolution recycling technology to convert polypropylene waste into near-virgin quality recycled resin. Revenue is generated through the sale of PureFive® recycled polypropylene resin to consumer packaged goods, automotive, and other industrial customers under offtake subscription agreements. The Technology was originally developed by Procter & Gamble, which licenses it exclusively to PCT. The company's first commercial-scale facility, the Ironton Facility in Lawrence County, Ohio, was designed with production capacity of approximately 107 million pounds annually and achieved mechanical completion in 2023. A Feed PreP facility in Denver, Pennsylvania began operating in 2024 to sort and process incoming polypropylene waste feedstock. PCT is pre-profitability and capital-intensive, having raised $300.0 million in Series B Convertible Perpetual Preferred Stock in June 2025 and sold $41.9 million in aggregate par amount of revenue bonds at a discount during 2025 for net proceeds of $36.9 million. The company does not pay a dividend.
Products & Services
PureFive® recycled polypropylene resin produced via a dissolution purification process using supercritical fluids. Compounding services (performed by third-party operators as of the FY2025 10-K filing) blend PureFive® resin with virgin resin or additives to meet end-user specifications for melt flow, flexibility, clarity, color, and strength. Polypropylene feedstock sorting and processing at Feed PreP facilities.
Revenue Model
Transactional product sales of PureFive® recycled polypropylene resin under offtake subscription agreements with industrial and consumer packaged goods customers. Non-polypropylene feedstock sorted at Feed PreP facilities is baled and sold on the open market as a secondary revenue stream.
Customers & Markets
Consumer packaged goods companies, automotive parts manufacturers, textile producers, and other industrial buyers of polypropylene resin. Customers engage through offtake subscription agreements and letters of intent. Procter & Gamble is both the technology licensor and a validated offtake partner.
Geographic Exposure
Primary operations in the United States, with the Ironton Facility in Lawrence County, Ohio and a Feed PreP facility in Denver, Pennsylvania. The 10-K references future planned facilities in Europe, Asia, and other international locations.
Source: SEC 10-K, filed 2026-02-26
Financial Snapshot
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