Successful Capital Raise
PureCycle Technologies raised $300 million in capital to support global growth, including projects in Thailand, Antwerp, and the U.S., aiming for roughly 1 billion pounds of installed capacity by 2030.
Commercial Progress
The company has 17 customer applications in post-trial discussions, indicating strong demand and successful trials, with plans for a revenue ramp in the second half of 2025 and increasing visibility for 2026.
Operational Achievements
Ironton Facility achieved onstream times approaching 90% in April and May, and produced pellets for 65 consecutive days, showing significant operational reliability improvement.
First Major Commercial Agreement
Signed an agreement with Emerald Carpets for approximately 5 million pounds of resin per year, starting in Q3, reflecting a major commercial success.
Successful Trials in Film
Achieved first successful trial in film earlier than expected, with plans for additional large-scale trials, tapping into an underserved market for FDA and non-FDA applications.