PureCycle Technologies

What PureCycle Technologies does

PureCycle Technologies is a US-listed specialty materials company (Nasdaq: PCT) that operates the only commercial dissolution recycling process capable of producing ultra-pure recycled polypropylene (PP) resin from post-consumer #5 plastic waste. Founded in 2015 under an exclusive global license from Procter & Gamble for P&G's patented purification technology, PureCycle runs a six-stage chemical dissolution process — melting and filtering, polymer extraction, mixing and settling, purification columns, solvent/PP separation, and extrusion/pelletizing — that strips color, odor, and contaminants without chemical reaction, yielding pellets (sold as PureFive Ultra and PureFive Choice) that are functionally comparable to virgin PP and cleared for FDA food-contact, APR PCR, GreenCircle, NJDEP, and EU REACH applications. The flagship Ironton, Ohio facility has 107M lbs of nameplate annual capacity and produced a record 22.4M lbs in 2025, running at ~60–65% utilization.

The company's commercial model is a hybrid sales-led and channel-partner motion targeting consumer packaged goods brand owners and packaging converters who must comply with escalating recycled-content mandates (NJ 2027, CA, EU PPWR's 10% contact-sensitive and 35% non-contact-sensitive targets by 2030). PureCycle sells resin through direct offtake agreements (Procter & Gamble, Cleveland Kitchen, Plastic Ingenuity, Amcor, Toppan, Reliable Caps, Innovia Films, StackTeck, Churchill Container), a strategic distribution partnership with Formerra, and a converter network that integrates PureFive into finished products spanning closures, lids, BOPP films, living-hinge caps, rigid food containers, paint can caps, and stadium cups. Pricing is per-pound at a premium to mechanically recycled PP; specific list pricing is not disclosed.

PureCycle is in early commercialization: 2025 was its first full year of revenue at $8.35M, with Q1 2026 revenue of $4.13M versus $1.58M in the prior-year quarter — five consecutive quarters of sequential growth. The company remains deeply unprofitable (FY2025 net loss of $182.5M, improving from $289.1M in FY2024; Q1 2026 net loss of $33.4M with -$30.9M adjusted EBITDA) and is funding global expansion through repeated equity and convertible debt issuances — approximately $333M in 2025 and ~$432.5M in June 2026 — supporting two greenfield projects (ASTRA PP in Antwerp, Belgium, with a €40M EU Innovation Fund grant; a Rayong, Thailand site admitted to the BOI FastPass program) and a stated goal of ~1 billion pounds of global annual capacity by 2030.

Name

PureCycle Technologies

Legal name

PureCycle Technologies, Inc.

Website

https://purecycle.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

PureCycle Technologies (Nasdaq: PCT) licenses Procter & Gamble's patented dissolution recycling process to convert post-consumer polypropylene waste into ultra-pure PureFive recycled resin for CPG brands and packaging converters needing food-contact-grade PCR to meet regulatory recycled-content mandates.

Ownership category

akta.pro rank

Product category

Recycled Polypropylene Resin Manufacturing

NAICS

Plastics Material and Resin Manufacturing (325211), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH)

akta.pro secondary industries

Rigid Plastics Recycling (HDPE/PP, Injection/Blow Molded) (EUAIAKAF), Recycled Plastic Compounds (PCR/PIR) (IMANABAE), Compounding & Additives for Recycled Plastics (Compatibilizers, Stabilizers, Color) (EUAIAKAJ)

Keywords

• Recycled polypropylene resin
• Dissolution recycling process
• Post-consumer recycled plastic
• Food-contact PCR resin
• Circular economy packaging

Headquarters

HQ city

Jacksonville

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Recycled Polypropylene Resin Sales: PureCycle generates revenue primarily from selling PureFive® recycled polypropylene resin pellets to packaging manufacturers, converters, and brand owners. Revenue is product-based with offtake agreements providing contracted demand visibility. The company sells multiple resin grades under PureFive Ultra™ and PureFive Choice™ brands.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

PureCycle Technologies operates a proprietary dissolution recycling process — licensed exclusively from Procter & Gamble — that transforms post-consumer polypropylene (#5) plastic waste into ultra-pure, virgin-quality recycled resin pellets marketed as PureFive® (Ultra™ and Choice™ grades). The resin is sold to consumer packaged goods brands and packaging converters for use in food-contact containers, closures, flexible films, and other packaging applications, helping customers meet recycled content mandates such as New Jersey's PCR law and the EU's PPWR regulation.

Differentiator

Problem solved

Functional benefit

Brands

• PureFive Ultra: PureCycle's flagship brand of recycled polypropylene resin - 100% post-consumer recycled, colorable, drop-in replacement for virgin PP. GreenCircle Certified and APR PCR certified.
• PureFive Choice
• PureZero Program

Products and services

• PureFive Ultra™ Resin
• PureFive Choice™ Resin
• PureZero™ Program
• Cleveland Kitchen 24oz Food-Contact PP Tubs

Quantifiable outcome

• 85% greenhouse gas emission avoidance compared to conventional fossil-raw-material-based polypropylene production
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Carbios: French biotechnology company developing enzyme-based biological recycling of PET and, more recently, PP. Comparable as a next-generation recycling technology platform targeting fiber/food-grade polymer recovery, but PET-focused with earlier-stage PP.
• GreenMantra Technologies: Canadian firm using patented depolymerization/upcycling technology to convert post-consumer plastics including PP into specialty waxes and feedstocks. Comparable as a small-cap circular plastics company applying proprietary chemistry to PP waste streams.

Broad incumbents

• Eastman Chemical (Circular Plastics): Major chemical company with commercial molecular recycling (Carbon Renewal Technology) producing recycled copolyesters and PP feedstocks. Comparable as a large incumbent pursuing certified-recycled plastics for packaging, serving the same CPG/converter customers.
• Borealis (Bornewables): Polyolefins major offering Bornewables (renewable feedstock-based PP/PE) and EverMinds circular product portfolio. Comparable as a large incumbent seeking to supply CPG brand owners with circular/recycled polyolefins with similar end-market positioning.
• INEOS Styrolution / INEOS Olefins: Global petrochemical producer with growing activity in circular PP (Recycl-IN, bio-attributed grades). Comparable as a major polyolefins incumbent entering recycled/circular PP space for packaging and durable applications.
• LyondellBasell (Circulen): World's largest PP producer with CirculenRecover (mechanically recycled) and CirculenPlus (renewable feedstock) product lines. Comparable as a vertically integrated PP supplier with circular plastic offerings to the same packaging and CPG customers.
• Braskem (I'm green): Brazilian petrochemical leader and global biopolymer producer with I'm green bio-based PP and recycled-content offerings. Comparable as a major sustainable PP supplier for CPG and packaging markets seeking recycled/renewable content.

Direct peers

• KW Plastics: Largest North American recycler of PCR PP and HDPE producing recycled resins for packaging and durables. Comparable as a direct recycled-PP resin supplier to converters/brand owners, though using mechanical recycling (lower purity) versus PureCycle's dissolution process.
• MBA Polymers: Multi-site mechanical recycler of post-consumer plastics (including PP) producing PCR resins for automotive, electronics, and packaging. Comparable as a PCR PP/PE supplier serving automotive and durable-goods manufacturers with recycled-content resins.
• NexKemia: North American specialty polypropylene compounder and recycler producing virgin and recycled PP compounds for injection molding, packaging, and durables. Comparable as a North American rPP compounder serving similar packaging and CPG customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/purecycletech
• Facebookfacebook.com/purecycletech
• LinkedInlinkedin.com/company/purecycletechnologies
• Instagraminstagram.com/purecycletechnologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds15 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PureCycle Technologies