PureCycle highlights ‘continued growth’ in Q3

PureCycle Technologies Inc., an advanced recycler based in Orlando, Florida, has provided a corporate update for the third quarter of 2025, noting a growth in recognized revenue to approximately $2.4 million.

Operationally, the company reports it produced a record amount of PureFive resin during the third quarter, including a monthly record of 3.3 million pounds in September. The company plans to ramp up feedstock processing and production at its Ironton, Ohio, facility through the end of the year.

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Additionally, PureCycle expects to complete the installation of its previously announced Ironton compounding operations by the end of the year. The project will enable the production of approximately 100 million annual pounds of single-pellet solutions for customers. The company says in-house compounding also should reduce production costs, simplify supply chain operations and increase the overall volume available from Ironton.

Commercially, PureCycle finalized development of the PureFive product portfolio for the commercialization of the Ironton facility. The company says it now can 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,” the company reports.

Since developing resin grades that can be used in cups and coffee lids, the company says it has seen increased interest from global quick service restaurants and expects to begin shipping PureFive resin for a prominent quick service restaurant in the fourth quarter.

Progress also has continued with The Procter & Gamble Co. (P&G) on a variety of applications, including caps for small 10-ounce detergent bottles that PureCycle says have passed all tests for processability and properties. Fourth-quarter shipments are planned to P&G’s converter for production of the caps and are expected to appear on store shelves in early 2026.

“The third quarter was one of continued growth for the company,” PureCycle CEO Dustin Olson says. “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. 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 for PureFive resin grades that can be used in a wide variety of applications.”

Elsewhere, PureCycle reports that since announcing its Thailand project earlier this year, feedstock letters of intent have been signed targeting more than 100 million pounds annually. The company says its 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, and it expects its annual capacity to fall between 300 million and 500 million pounds.

In Europe, the company’s application for a 40-million-euro grant from the Innovation Fund has been accepted by the European Union’s Climate, Infrastructure and Environment Executive Agency (CINEA). The company says its process now will advance to the grant agreement negotiation phase. Permitting for the project is on track, and construction is expected to begin shortly after permits are approved.