Purecycle Technologies Inc Stock Price, News & Analysis

PureCycle Technologies (NASDAQ:PCT) has announced a strategic partnership with Emerald Carpets to revolutionize the trade show carpet industry through closed-loop circularity. The collaboration includes a commercial supply agreement for 5 million pounds annually of PureFive™ resin, which will be integrated into Emerald Carpets' fiber production.

The partnership aims to create a sustainable carpet-to-carpet solution by recycling used trade show carpets into purified fiber-grade recycled polypropylene (rPP) pellets. Successful trials have demonstrated the potential of producing high-performance carpets with Post-Consumer Recycled (PCR) content. The initiative will help Emerald Carpets meet California's upcoming carpet-to-carpet recycled content requirements effective in 2028.

PureCycle Technologies (PCT) has achieved GreenCircle's Recycled Content Certification for its PureFive™ polypropylene resin and co-products. GreenCircle Certified, an industry-leading third-party certification company endorsed by the Association of Plastic Recyclers, conducted extensive ISO 17065 compliant audits at PureCycle's Ironton Facility and compounding operations. The certification validates PureCycle's sustainability claims regarding post-consumer recycled content in their materials. CEO Dustin Olson emphasized that this certification confirms their ability to recycle challenging waste streams and should support commercial growth, as many customers require such certification. PureCycle plans to maintain annual certifications for multiple grades of PureFive™ resin.

PureCycle Technologies (PCT) has announced a significant $300 million capital raise and unveiled plans to achieve one billion pounds of installed capacity with projected EBITDA of $600 million annually by 2030. The company secured binding agreements with investors including Duquesne Family Office, Wasserstein Debt Opportunities, and others. PCT also announced a partnership with IRPC to build a 130-million-pound recycling facility in Thailand, expected to be operational by mid-2027. The expansion plan includes facilities in Antwerp (130M pounds, operational 2028) and Augusta (300M+ pounds Gen 2 facility, operational 2029). The capital raise involves Series B convertible perpetual preferred stock with a 7% annual dividend and a conversion price at a 30% premium to the 10-day VWAP. The transaction is expected to close on June 20, 2025.

PureCycle Technologies (PCT) reported its first-ever revenue of $1.6 million in Q1 2025. The company achieved significant operational milestones at its Ironton Facility, reaching nearly 90% onstream time in April with daily PureFive™ resin production. PCT advanced in commercial trials, particularly with Brückner Maschinenbau for BOPP film applications, showing promising results with 15-50% PureFive Choice™ resin blends. The company raised capital through multiple channels: $30.4 million from revenue bonds sales and $33.0 million from a private placement of approximately 4.1 million shares at $8.07 per share. PCT expanded its product line with PureFive Choice™, complementing PureFive Ultra™, and made progress in textile applications with successful trials in staple fiber and fully drawn yarn.

PureCycle Technologies (NASDAQ: PCT) announced its participation in The Association of Plastic Recyclers' Recycling in Action initiative. The company will host guided tours of its facilities in Ironton, Ohio and Denver, Pennsylvania during May 2025. The tours, exclusively for local community members, will showcase how recyclables are sorted and transformed into new materials. The Denver PreP facility tours are scheduled for May 20, while the Ironton Purification facility tours will take place on May 27, with multiple time slots available throughout both days. CEO Dustin Olson emphasized the importance of educating communities about recycling processes and advancing the circular economy of plastics. PureCycle specializes in transforming polypropylene plastic waste (#5 plastic) using a patented dissolution recycling technology licensed from Procter & Gamble.

PureCycle Technologies (NASDAQ:PCT) has announced successful trials of its PureFive™ resin in biaxially oriented polypropylene (BOPP) film production. The trials, conducted by leading film equipment manufacturer Brückner Maschinenbau in Germany, tested blends containing 15% to 50% PureFive™ resin from PureCycle's Ironton, Ohio facility.

The recycled material performed similarly to virgin polypropylene in multiple tests, with initial stretch tests showing promising results. Additional testing is scheduled for later this month. The development is significant for the flexible packaging industry, as BOPP film is widely used in food packaging, labeling, and adhesive tape applications.

CEO Dustin Olson emphasized that flexible packaging represents one of the largest segments for polypropylene, noting that traditionally recycled materials have struggled to meet the high purity demands for film production. PureCycle aims to provide a single-pellet solution that can serve as a drop-in replacement for existing virgin film production.

PureCycle Technologies (NASDAQ:PCT), a U.S.-based plastic recycling company, has announced its upcoming first quarter 2025 corporate update conference call scheduled for May 7, 2025, at 5:00 p.m. EDT.

The company will release a press release detailing recent corporate developments and Q1 activities prior to the call. The conference will feature a live Q&A session, with management addressing pre-submitted investor questions sent to investorquestion@purecycle.com.

Participants can join through a webcast link for listen-only access, while analysts can dial (800) 715-9871 to participate in the Q&A session. A replay of the corporate update will be available through August 6, 2025.

PureCycle Technologies (Nasdaq:PCT) has announced the sale of Southern Ohio Port Authority Tax-Exempt Facility Revenue Bonds worth approximately $30 million in aggregate par value. The bonds were sold at $880 per $1,000 face value to investors, including Duquesne Family Office , generating about $27 million in gross proceeds.

The raised capital will support PureCycle's efforts to commercialize its patented dissolution recycling technology for polypropylene plastic waste. The company retains approximately $87 million of salable Series A1 Southern Ohio Port Authority Revenue Bonds.

PureCycle's technology, licensed from Procter & Gamble Company, is designed to transform #5 plastic waste into PureFive™ resin through a unique purification process that removes color, odor, and other impurities, enabling multiple recycling cycles.

PureCycle Technologies (Nasdaq:PCT) has announced a strategic collaboration with Landbell Group to enhance polypropylene (PP) plastic recycling across Europe. PureCycle Belgium will leverage its dissolution recycling technology and experience from its Ironton, Ohio facility to process PP waste into high-purity recyclate.

The partnership, initiated in January 2024, will utilize Landbell's expertise in plastic collection and sorting across Europe. Landbell will supply PP waste from household collections as feedstock for PureCycle's planned Antwerp facility, which is expected to have an annual capacity of 59,000 tonnes. This collaboration aims to redirect thermoplastic polymer commonly used in packaging towards high-quality recycling.

PureCycle's PureFive™ recyclate, which can be recycled multiple times, serves as a drop-in replacement for virgin PP and is already being used commercially in the USA. The Ironton facility is expected to reach an annual capacity of 48,600 tonnes when fully operational.