other material
confidence high
sentiment positive
materiality 0.70
PureCycle hits Ironton output milestones, raises $112.5M, advances customer trials
PureCycle Technologies, Inc.
- Ironton plant: 1M lbs feedstock in a week, 200k lbs in a day, feed rate >10k lbs/hr.
- New 325k sq ft sorting facility in Denver, PA lifts PP concentration to 90-95%.
- Supplied P&G with compounded resin; production supply expected in Q2/Q3 2025.
- Raised $90M from Sylebra/Samlyn in September and $18M net from bond sale; cash $93.7M.
- Trials underway with major fiber manufacturers and a global automaker for interior/exterior parts.