PureCycle Technologies, Inc.

PCT

$6.32

-0.16%

N/A-$0.01

Industrials

Industrial - Pollution & Treatment Controls

NASDAQ

Active Trading

PureCycle Technologies, Inc. focuses on manufacturing high-quality, recycled polypropylene (PP). The company employs a proprietary and licensed technology that converts discarded PP ...

Supply Chain of PCT

Upstream

Foundry, packaging, memory, wafers, components, and input vendors.

Upstream

The Procter & Gamble Company (P&G)

KraussMaffei Company Limited

iSustain Recycling

Machinex Industries Inc.

Various Sub-Suppliers (KraussMaffei & Machinex component vendors)

The Procter & Gamble Company (P&G)

NYSE:PG

Technology Licensor — provides the patented solvent-based dissolution purification technology that PureCycle uses exclusively under an amended and restated license agreement

KraussMaffei Company Limited

SHA:600579

Equipment Supplier — delivered the final extruder (and other major processing equipment) for the Ironton flagship purification plant; Munich-based plastics machinery manufacturer

KBR, Inc.

NYSE:KBR

Engineering, Procurement & Construction Management (EPCM) Partner — awarded contract for engineering and construction management of the Augusta, Georgia facility

iSustain Recycling

Feedstock Supplier — contracted to source and supply up to 10 million pounds of polypropylene plastic waste (post-industrial) as feedstock to PureCycle's Ironton facility

Machinex Industries Inc.

Preprocessing Equipment Supplier — provides sorting and plastics preprocessing equipment for PureCycle's PreP facility (feedstock preparation)

Downstream

Customers, distributors, OEMs, and channels that absorb output.

Downstream

Formerra

Reliable Caps, LLC

Plastic Ingenuity, Inc.

TOPPAN Holdings Inc.

Nestlé S.A.

Milliken & Company

IRPC Public Company Limited

Formerra

Primary Authorized North American Distributor for PureFive® UPR resin; manages logistics, inventory, and customer reach across the US and Canada

Reliable Caps, LLC

Customer — manufactures plastic bottle caps and closures incorporating PureFive® recycled PP resin for contact-sensitive packaging applications

Plastic Ingenuity, Inc.

Customer — produces sustainable thermoformed packaging (e.g., coffee lids) using PureFive® resin with 25% to 100% recycled content

TOPPAN Holdings Inc.

TYO:7911

Strategic Partnership — collaborates to develop sustainable packaging solutions incorporating PureFive® recycled content for brand owners

TotalEnergies SE

NYSE:TTE

Strategic Offtake & Supply Partnership (since 2020) — TotalEnergies signed an agreement to secure supply of high-purity recycled polypropylene from PureCycle for compounding and distribution to customers

Proxies

Public comparables and monitoring names used as representatives for the analysis.

Proxies

LyondellBasell Industries N.V.

Waste Management, Inc.

Eastman Chemical Company

NYSE:EMN

Eastman operates advanced molecular recycling facilities (carbon renewal technology) for hard-to-recycle plastics, offering the closest public-company proxy for dissolution/recycling technology at scale in the circular plastics space.

LyondellBasell Industries N.V.

NYSE:LYB

One of the world's largest polypropylene producers with significant investments in mechanical and advanced PP recycling. Direct exposure to PP resin markets and circular economy trends.

Avient Corporation

NYSE:AVNT

Specialty polymer materials company whose former distribution business (now Formerra — PureCycle's distributor) was divested. Avient provides colorants, additives, and sustainable material solutions for plastics, making it relevant as both an upstream (additives) and adjacent proxy.

Waste Management, Inc.

NYSE:WM

Largest US waste and recycling services company; directly involved in collecting, sorting, and baling polypropylene waste that could serve as feedstock for PureCycle's facilities. Proxy for feedstock supply dynamics.

Geographic

Region-level exposures that can distort the supply network.

Geographic

United States (Ohio & Georgia)

Europe (Belgium — Port of Antwerp-Bruges)

Asia (Thailand — Rayong)

Ironton Facility (Ohio) — current sole production site

Augusta Facility (Georgia) — expansion under development

PureCycle Belgium / NextGen District

IRPC Public Company Limited

United States (Ohio & Georgia)

Primary production & planned expansion

Ironton Facility (Ohio) — current sole production siteNASDAQ:PCTPureCycle's flagship commercial facility; 80+ workforce; producing ~8,000-10,000 lbs/hr (~60% utilization as of Q1 2026)

Augusta Facility (Georgia) — expansion under developmentNYSE:KBRPlanned Gen 2 cluster facility with >300M lbs/year capacity; EPCM partner KBR; $440M initial investment with AEDA financing

Europe (Belgium — Port of Antwerp-Bruges)

Planned European production hub

PureCycle Belgium / NextGen DistrictFirst European PP recycling facility in the Port of Antwerp-Bruges; 130M lbs/year capacity; secured €40M EU Innovation Fund grant; partnered with Landbell Group for feedstock

Asia (Thailand — Rayong)

Planned Asian production via JV

IRPC Public Company LimitedSET:IRPCJoint venture to construct a 130M lbs/year recycling line at IRPC's Rayong facility; PureCycle holds 100% equity stake

Concentration

Customer, supplier, or partner concentration exposures that can distort the supply network.

Technology

Critical

PureCycle's entire business depends on a single licensed technology from Procter & Gamble (P&G). Any termination, limitation, or challenge to the license agreement could halt operations. The solvent-based dissolution process is unproven at sustained commercial scale outside Ironton.

Foundry

Critical

Single operating production facility concentration risk — the Ironton, Ohio plant is currently the only commercial-scale facility. Any operational disruption (mechanical failure, feedstock interruption, regulatory shutdown) would halt all revenue generation.

Customer

High

Early-stage revenue concentration — only 11 customers as of Q4 2025, with no single large-volume, long-term offtake agreement yet anchoring the revenue base. Reliance on a small number of early adopters and distribution through Formerra creates near-term customer concentration.

Feedstock

Medium

Dependence on supply of post-industrial and post-consumer polypropylene waste. Quality, volume, and price of feedstock are variable. Primary feedstock agreement with iSustain (up to 10M lbs) is significant relative to current production scale but limits diversification.

Equipment

High

Key processing equipment (extruders from KraussMaffei and sorting equipment from Machinex) involves long lead times and specialized engineering. Any equipment failure could cause extended downtime given limited redundancy at Ironton.

Revenue mix

How the target's revenue mix translates into supply-chain leverage and dependency.

PureFive® Ultra-Pure Recycled Polypropylene Resin (Single Operating Segment)

100.0%

$0.0B

PureCycle currently operates as a single reporting segment. Q1 2026 revenue was ~$4.1M (fourth consecutive quarter of sequential growth). All products are undifferentiated at the core — UPR resin sold as drop-in virgin PP replacement. Supply chain is singular: PP waste feedstock in → PureFive resin out. Expansion of capacity (Augusta, Belgium, Thailand) will diversifiy geographies but not segment mix.

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PureCycle Technologies, Inc.

Supply Chain of PCT

Upstream

The Procter & Gamble Company (P&G)

KraussMaffei Company Limited

KBR, Inc.

iSustain Recycling

Machinex Industries Inc.

Various Sub-Suppliers (KraussMaffei & Machinex component vendors)

Downstream

Formerra

Reliable Caps, LLC

Plastic Ingenuity, Inc.

TOPPAN Holdings Inc.

TotalEnergies SE

Nestlé S.A.

Milliken & Company

IRPC Public Company Limited

View More

Proxies

Eastman Chemical Company

LyondellBasell Industries N.V.

Avient Corporation

Waste Management, Inc.

Geographic

United States (Ohio & Georgia)

Europe (Belgium — Port of Antwerp-Bruges)

Asia (Thailand — Rayong)

Supply Chain of PCT

Upstream

The Procter & Gamble Company (P&G)

KraussMaffei Company Limited

KBR, Inc.

iSustain Recycling

Machinex Industries Inc.

Various Sub-Suppliers (KraussMaffei & Machinex component vendors)

Downstream

Formerra

Reliable Caps, LLC

Plastic Ingenuity, Inc.

TOPPAN Holdings Inc.

TotalEnergies SE

Nestlé S.A.

Milliken & Company

IRPC Public Company Limited

View More

Proxies

Eastman Chemical Company

LyondellBasell Industries N.V.

Avient Corporation

Waste Management, Inc.

Geographic

United States (Ohio & Georgia)

Europe (Belgium — Port of Antwerp-Bruges)

Asia (Thailand — Rayong)