PureCycle Technologies Third Quarter 2025 Corporate Update
PureCycle Technologies (Nasdaq: PCT) reported a Q3 2025 corporate update: the Ironton facility produced a record 7.2 million pounds of PureFive resin in Q3 with a monthly record of 3.3 million pounds in September. Recognized revenue grew to approximately $2.4 million for the quarter. The company expects in-house compounding at Ironton to enable roughly 100 million annual pounds of single-pellet solutions once completed by year-end. Expansion progress includes Thailand feedstock LOIs targeting >100 million pounds and a capacity range of 300–500 million pounds annual once Gen-2 engineering is finished in H1 2026. An EU €40 million Innovation Fund grant moved to negotiation.
PureCycle Technologies (Nasdaq: PCT) ha riferito un aggiornamento aziendale sul Q3 2025: l"impianto di Ironton ha prodotto un record 7,2 milioni di libbre di resina PureFive nel terzo trimestre, con un record mensile di 3,3 milioni di libbre a settembre. Le entrate considerate sono aumentate a circa $2,4 milioni per il trimestre. L"azienda prevede che la compounding interno a Ironton permetterà all"incirca 100 milioni di libbre all"anno di soluzioni a pellet singolo una volta completato entro la fine dell"anno. Il progresso dell"espansione include LOI per materia prima in Thailandia che mirano a 100 milioni di libbre e una fascia di capacità di 300–500 milioni di libbre all"anno una volta terminata l"ingegneria Gen-2 nell"H1 2026. Un contributo dell"UE di €40 milioni dal Innovation Fund è passato alla negoziazione.
PureCycle Technologies (Nasdaq: PCT) informó una actualización corporativa del Q3 2025: la instalación de Ironton produjo un récord de 7,2 millones de libras de resina PureFive en el tercer trimestre, con un récord mensual de 3,3 millones de libras en septiembre. Los ingresos reconocidos crecieron a aproximadamente $2,4 millones para el trimestre. La compañía espera que el mezclado interno en Ironton permita aproximadamente 100 millones de libras anuales de soluciones de pellet único una vez que se complete para fin de año. El progreso de expansión incluye LOIs de materia prima en Tailandia con objetivo de 100 millones de libras y un rango de capacidad de 300–500 millones de libras anuales una vez que la ingeniería Gen-2 esté terminada en la primera mitad de 2026. Un subsidio de €40 millones del Innovation Fund de la UE pasó a negociación.
PureCycle Technologies (나스닥: PCT)는 2025년 3분기 회사 업데이트를 발표했습니다: 아이런턴 공장은 3분기에 720만 파운드의 PureFive 수지를 기록적으로 생산했으며 9월에는 월간 기록으로 330만 파운드를 기록했습니다. 인식 매출은 분기당 약 240만 달러로 증가했습니다. 이 회사는 아이런턴에서의 현장 혼합이 연간 1억 파운드의 단일 펠릿 솔루션을 연말까지 완료되면 가능하게 될 것으로 기대합니다. 확장 진행 상황으로 태국 원료 LOI가 1억 파운드를 목표로 하고 있으며 Gen-2 엔지니어링이 2026년 상반기에 완료되면 연간 용량 범위가 3억~5억 파운드로 예상됩니다. EU의 4천만 유로 Innovation Fund 보조금은 협상으로 넘어갔습니다.
PureCycle Technologies (Nasdaq: PCT) a publié une mise à jour d'entreprise pour le T3 2025: l"installation d"Ironton a produit un record de 7,2 millions de livres de résine PureFive au T3 avec un record mensuel de 3,3 millions de livres en septembre. Le chiffre d"affaires reconnu a augmenté pour atteindre environ 2,4 millions de dollars pour le trimestre. L"entreprise prévoit que le compounding en interne à Ironton permettra environ 100 millions de livres par an de solutions à pellet unique une fois terminé d'ici la fin de l"année. Les progrès de l"expansion incluent des LOI sur les matières premières en Thaïlande visant 100 millions de livres et une plage de capacité de 300–500 millions de livres par an une fois l"ingénierie Gen-2 terminée dans le premier semestre 2026. Une subvention européenne de 40 millions d"euros du Innovation Fund est passée à la négociation.
PureCycle Technologies (Nasdaq: PCT) berichtete ein Unternehmensupdate für das Q3 2025: Die Ironton-Anlage produzierte im Q3 eine Rekordmenge von 7,2 Millionen Pfund PureFive-Harz, mit einem monatlichen Rekord von 3,3 Millionen Pfund im September. Die ausgewiesenen Umsätze stiegen auf etwa 2,4 Millionen US-Dollar für das Quartal. Das Unternehmen erwartet, dass das interne Compounding in Ironton ca. 100 Millionen Pfund pro Jahr an Einzelpellets-Lösungen ermöglicht, sobald es bis Jahresende abgeschlossen ist. Der Expansionsfortschritt umfasst LOIs für thailändische Rohstoffe mit einem Ziel von 100 Millionen Pfund und eine Kapazitätsbandbreite von 300–500 Millionen Pfund jährlich, sobald die Gen-2-Ingenieursarbeiten in der ersten Hälfte von 2026 abgeschlossen sind. Ein EU-Innovationsfonds-Zuschuss in Höhe von 40 Millionen Euro wurde zur Verhandlung weitergegeben.
PureCycle Technologies (ناسداك: PCT) أبلغت عن تحديثٍ مؤسسي للربع الثالث 2025: منشأة إيرونتون أنتجت رقمًا قياسيًا قدره 7.2 مليون رطل من راتين PureFive في الربع الثالث مع سجل شهري قدره 3.3 مليون رطل في سبتمبر. ارتفعت الإيرادات المعترف بها لتصل إلى نحو $2.4 مليون للربع. تتوقع الشركة أن تسمح التجميع الداخلي في إيرونتون بتدفق تقريبي قدره 100 مليون رطل سنويًا من حلول الحَبّ المفردة بمجرد اكتماله بحلول نهاية العام. يتضمن تقدم التوسع خطابات نية لمواد خام من تايلاند تستهدف 100 مليون رطل ونطاق قدرة يتراوح بين 300–500 مليون رطل سنويًا بمجرد الانتهاء من هندسة الجين-2 في النصف الأول من 2026. انتقل إلى التفاوض منحة صندوق الابتكار الأوروبي بقيمة 40 مليون يورو.
- Ironton produced a record 7.2 million lb of pellets in Q3
- September monthly record of 3.3 million lb
- In-house compounding could add ~100 million lb annual capacity
- Q3 recognized revenue of approximately $2.4 million
- EU €40 million Innovation Fund grant advanced to negotiation
- Thailand feedstock LOIs target >100 million lb annually
- Quarterly recognized revenue remains modest at ~$2.4 million
- Ironton compounding not yet completed; targeted finish by year-end
- Company capacity guidance spans a wide 300–500 million lb range
Insights
Production records, early commercial shipments, and a progressing grant negotiation point to constructive operational and commercial momentum for PureCycle.
PureCycle reported record production at the Ironton Facility (a quarterly total of 7.2 million pounds and a monthly record of 3.3 million pounds in September) and plans to complete in-house compounding by the end of the year to enable ~100 million annual pounds of single‑pellet solutions. The company also reported recognized revenue of
These facts together describe a business mechanism moving from trial to early commercial scale: higher run rates at Ironton increase sellable volume, in‑house compounding should lower cost and simplify logistics, and product grade development unlocks end‑use categories (food‑grade film, thermoforming, injection molding, textiles). Key dependencies and risks are explicit: completion of compounding installation by year‑end, successful execution of shipments and commercial scale‑up, finalizing grant agreement with CINEA for a
Monitorable items over the next 6–18 months include completion of Ironton compounding and its production uplift by year‑end, commencement of shipments to the named QSR in
ORLANDO, Fla., Nov. 06, 2025 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT), a U.S.-based company revolutionizing plastic recycling, announced today a corporate update for the third quarter ending September 30, 2025.
Management Commentary
PureCycle CEO Dustin Olson said, “The third quarter was one of continued growth for the Company. The Ironton Facility produced a record 7.2 million pounds of pellets, which is nearly equal to the amount produced in the first half of 2025.” Olson continued, “We now see momentum with brand owners and converters who are moving beyond trials and beginning to purchase our resin. This has allowed us to build out a comprehensive product portfolio of PureFive™ resin grades that can be used in a wide variety of applications.”
Operations Update
The Company produced a record amount of PureFive™ resin during the third quarter, including a monthly record of 3.3 million pounds in September. PureCycle plans to ramp feedstock processing and Ironton production through the end of the year.
PureCycle expects to complete the installation of the previously announced Ironton compounding operations by the end of the year. This project will enable the production of approximately 100 million annual pounds of single-pellet solutions for customers. In-house compounding should also reduce production costs, simplify supply chain operations and increase the overall volume available from Ironton.
Commercial Update
PureCycle finalized the development of the PureFive™ product portfolio for the commercialization of the Ironton Facility. PureCycle can now provide drop-in solutions for food-grade flexible film, thermoforming, injection molding and textile applications.
PureCycle continues to progress, build and convert the sales pipeline with many of the top converters and brand owners, including Fortune 100 companies. Since developing resin grades that can be used in cups and coffee lids, PureCycle has seen increased interest from global quick service restaurants (QSR). The Company expects to begin shipping PureFive™ resin for a top five global QSR in the fourth quarter of 2025.
Progress continues with The Procter & Gamble Company (P&G) on a variety of applications. This includes the caps for small 10-ounce detergent bottles that have passed all tests for processability and properties. Fourth quarter shipments are planned to P&G’s converter for production of the caps, and they are expected to appear on store shelves in early 2026.
Expansion Update
Since announcing the Thailand project earlier this year, key feedstock Letters of Intent have been signed targeting more than 100 million pounds annually. The project team continues to move the Thailand expansion forward for a mechanical completion in 2027.
The final engineering of the Company’s first Gen-2 purification design is expected to be finished in the first half of 2026. PureCycle still expects its annual capacity to fall between 300 million and 500 million pounds.
Financial Update
During the third quarter of 2025, PureCycle grew recognized revenue to approximately
In Europe, PureCycle’s application for a
PureCycle Contact
Christian Bruey
cbruey@purecycle.com
Investor Relations Contact
Eric DeNatale
edenatale@purecycle.com
About PureCycle Technologies
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented dissolution recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as #5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from #5 plastic waste resulting in our PureFive™ resin that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com
Forward-Looking Statements
This press release contains forward-looking statements, including statements about the continued execution of PureCycle’s business plan, the expected results of tests and trials, the expected timing of commercial sales, and planned future updates. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements generally relate to future events or PureCycle’s future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of PureCycle’s management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled “Risk Factors” in each of PureCycle’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and PureCycle’s Quarterly Reports on Form 10-Q for various quarterly periods, those discussed and identified in other public filings made with the Securities and Exchange Commission by PureCycle and the following: PCT's ability to obtain funding for its operations and future growth and to continue as a going concern; PCT's ability to meet, and to continue to meet, applicable regulatory requirements for the use of PCT’s PureFive™ resin in food grade applications (including in the United States, Europe, Asia and other future international locations); PCT's ability to comply on an ongoing basis with the numerous regulatory requirements applicable to the PureFive™ resin and PCT’s facilities (including in the United States, Europe, Asia and other future international locations); expectations and changes regarding PCT’s strategies and future financial performance, including its future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PCT’s ability to invest in growth initiatives, which could be impacted by significant changes to tariffs on foreign imports; the ability of PCT’s first commercial-scale recycling facility in Lawrence County, Ohio, the Ironton Facility, to be appropriately certified by Leidos, following certain performance and other tests, and commence full-scale commercial operations in a timely and cost-effective manner, or at all; PCT’s ability to meet, and to continue to meet, the requirements imposed upon it and its subsidiaries by the funding for its operations, including the funding for the Ironton Facility; PCT’s ability to minimize or eliminate the many hazards and operational risks at its manufacturing facilities that can result in potential injury to individuals, disrupt its business (including interruptions or disruptions in operations at its facilities), and subject PCT to liability and increased costs; PCT’s ability to complete the necessary funding with respect to, and complete the construction of its new polypropylene recycling facility in Thailand, its first commercial-scale European plant located in Antwerp, Belgium, and the multi-line purification facility to be built in Augusta, Georgia in a timely and cost-effective manner; PCT's ability to execute its growth plan to bring an additional one billion pounds of installed polypropylene recycling capability online before 2030, including its ability to meet related construction, regulatory, and financing requirements; PCT’s ability to procure, sort and process polypropylene plastic waste at its planned plastic waste prep facilities; PCT’s ability to maintain exclusivity under The Procter & Gamble Company license; the implementation, market acceptance and success of PCT’s business model and growth strategy; the success or profitability of PCT’s offtake arrangements; the potential impact of economic, business, and/or competitive factors, including interest rates, availability of capital, economic cycles, and other macro-economic impacts (such as tariffs); changes in the prices and availability of materials (such as steel and other materials needed for the construction of future PreP and purification facilities), including those changes caused by inflation, tariffs and supply chain conditions, such as increased transportation costs, and our ability to obtain such materials in a timely and cost-effective manner; the ability to source feedstock with a high polypropylene content at a reasonable cost; PCT’s future capital requirements and sources and uses of cash; developments and projections relating to PCT’s competitors and industry; the outcome of any legal or regulatory proceedings to which PCT is, or may become, a party; geopolitical risk and changes in applicable laws or regulations; the possibility that PCT may be adversely affected by other economic, business, and/or competitive factors, including interest rates, availability of capital, economic cycles, and other macro-economic impacts; turnover in employees and increases in employee-related costs; changes in the prices and availability of labor (including labor shortages); any business disruptions due to political or economic instability, pandemics, armed hostilities (including the ongoing conflict between Russia and Ukraine and the conflict in the Middle East); the potential impact of climate change on PCT, including physical and transition risks, higher regulatory and compliance costs, reputational risks, and availability of capital on attractive terms; and operational risk.
PCT undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.
FAQ
How much PureFive resin did PureCycle produce in Q3 2025 (PCT)?
When will PureCycle begin in-house compounding at Ironton and capacity impact (PCT)?
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Has PureCycle received EU funding for its European project (PCT)?
When will PureCycle start commercial shipments to major customers like QSRs or P&G (PCT)?
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