PureFive Choice™ resin grades

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PureCycle Technologies Second Quarter 2025 Corporate Update
Globenewswire· 2025-08-07 20:05
Core Viewpoint - PureCycle Technologies is advancing its growth strategy following a successful $300 million capital raise, with plans for new facilities in Thailand and Belgium, aiming for a total capacity of one billion pounds by 2030 [2][12]. Company Update - The company produced 3.4 million pounds of resin in Q2 2025 and is enhancing its Ironton Facility to increase efficiency and capacity [8][10]. - PureCycle is negotiating commercial opportunities for its PureFive™ resin, with expectations of increased sales in the second half of 2025 [2][4]. Commercial Developments - PureCycle is developing a diverse portfolio of PureFive Choice™ resin grades for various applications, including food-grade film and packaging [3][4]. - A partnership with Emerald Carpets has been established for the supply of approximately 5 million pounds of PureFive™ resin over the next year [5]. - Successful trials for PureFive™ resin in BOPP film applications are ongoing, with a larger-scale trial scheduled with Brückner Maschinenbau GmbH [6][7]. Financial Performance - PureCycle recognized revenue of approximately $1.7 million in Q2 2025 and raised $300 million through the issuance of Series B convertible perpetual preferred stock [11][12].