PureCycle Technologies, Inc.

PureCycle Technologies, Inc. is a U.S.-based company dedicated to revolutionizing plastic recycling. Its core business involves transforming polypropylene (PP) plastic waste into ultra-pure recycled (UPR) resin with virgin-like properties, utilizing a patented purification process originally licensed from Procter & Gamble. The company's mission is to convert plastic waste into a renewable resource, thereby fostering a circular economy for plastics. PureCycle's corporate headquarters are situated in Orlando, Florida.

The company's flagship product is PureFive® resin, an ultra-pure recycled polypropylene that is virtually indistinguishable from new plastic. This high-quality resin is suitable for demanding applications such as food packaging, automotive components, consumer goods packaging, and textiles, addressing a critical need for advanced recycled PP in various industries. Beyond resin production, PureCycle also licenses its purification technology and is involved in sourcing and processing feedstock.

PureCycle Technologies is in an active growth phase, with its first commercial-scale purification facility in Ironton, Ohio, consistently producing significant volumes of PureFive® resin. The company is pursuing global expansion, with plans for additional facilities in Augusta, Georgia, and exploring sites in Europe, specifically Antwerp, Belgium, and Asia, with a project in Thailand. Recent collaborations include partnerships with Plastic Ingenuity for sustainable coffee lids and TOPPAN for flexible films and thermoformed packaging, both utilizing PureFive® resin. Dustin Olson has served as the Chief Executive Officer since August 2022.

Latest updates

PureCycle Raises Production, Narrows Cost Gap as Virgin Resin Prices Surge

Event summary

  • Record 8.4 million pounds of quarterly production, surpassing prior highs
  • Fifth consecutive quarter of sequential revenue growth, with Q1 2026 revenue at $4.1M
  • Ironton facility turnaround completed ahead of schedule and under budget
  • Achieved final approval for two P&G applications, with first pellet delivery slated for Q2 2026
  • Thailand facility on track for mechanical completion by end of 2027, with $250M total investment expected

The big picture

PureCycle's operational improvements and commercial momentum come as the macro environment becomes increasingly favorable, with virgin resin prices rising significantly more than recycled feedstock costs. This dynamic narrows the cost premium of recycled content, accelerating customer urgency around securing supply. The company's ability to scale production and maintain cost advantages will be critical as it competes in the growing sustainable plastics market.

What we're watching

Cost Dynamics
Whether PureCycle can sustain its cost advantage as virgin resin prices rise faster than recycled feedstock costs
Commercial Ramp
The pace at which PureCycle converts its commercial pipeline into contracted demand, particularly with major customers like P&G
Geographic Expansion
How the timing and execution of international facility projects (Thailand, Belgium) will impact PureCycle's global market positioning

PureCycle Partnership to Expand Recycled Polypropylene Use in Food Service

Event summary

  • PureCycle Technologies has partnered with Plastic Ingenuity to incorporate PureFive® recycled polypropylene resin into coffee lid production.
  • Coffee lids will contain 25-100% recycled content using PureCycle's dissolution recycling process.
  • Plastic Ingenuity, with eight locations across North America and Europe, specializes in thermoformed packaging for food, healthcare, and retail.
  • PureFive® resin is GreenCircle® Certified and FDA-approved for food contact.

The big picture

This collaboration addresses the growing pressure on food service companies to reduce their reliance on virgin plastics and meet consumer expectations for sustainable packaging. The partnership leverages PureCycle’s proprietary recycling technology to create a high-performance, food-grade recycled polypropylene solution, potentially disrupting the traditional packaging supply chain. The move signals a broader trend toward circularity in the food service industry, driven by both consumer demand and regulatory scrutiny.

What we're watching

Market Adoption
The pace at which food service brands adopt PureFive® resin will depend on cost competitiveness versus virgin polypropylene and consumer demand for sustainable packaging.
Regulatory Landscape
Continued FDA approvals and evolving regulations around recycled content in food packaging will be crucial for PureCycle’s expansion into new markets.
Scaling Challenges
PureCycle’s ability to scale its dissolution recycling process to meet growing demand from Plastic Ingenuity and other potential partners will be a key determinant of its long-term success.
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