PureCycle Technologies, Inc. (PCT): Business Model Canvas [Dec-2025 Updated]

You're looking for the real story on PureCycle Technologies, Inc. (PCT)'s business model as of late 2025, and honestly, the narrative has decisively pivoted from pure construction risk to commercial ramp-up, especially after that $300 million capital raise in June. After years of building out the Ironton facility, the focus is now squarely on selling that ultra-pure recycled polypropylene resin-they booked about $5.7 million in revenue in the first nine months this year-while simultaneously pushing forward with global expansion plans in Thailand and Belgium. This canvas lays out the exact structure: how they are monetizing that P&G-licensed tech, who the key customers are, and where the significant capital costs still lie, so you can see the path from pilot to profit.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Key Partnerships

You're looking at the critical alliances that underpin PureCycle Technologies, Inc.'s (PCT) scaling strategy as of late 2025. These aren't just handshake agreements; they represent tangible capacity commitments, technology validation, and significant capital backing.

Technology Licensing and Product Qualification

The foundation of PureCycle Technologies, Inc.'s offering rests on the intellectual property licensed from The Procter & Gamble Company (P&G). The License Agreement saw an amendment effective February 21, 2025, which was key for global planning. This amendment secured exclusivity for North American operations and set out clear timelines for other regions to retain that exclusivity. For instance, Europe and Asia now have until December 31, 2027, to begin construction, with sales required by December 31, 2030.

Product qualification with P&G is actively advancing for various applications. Scaled production tests for spout and dose caps for select P&G bottles are scheduled for September 2025. Furthermore, shipments of these P&G caps using PureFive™ resin are planned for converters in the fourth quarter of 2025, with an expected appearance on store shelves in early 2026.

Capacity Commitments and Joint Ventures

The global expansion is being cemented through joint ventures and facility builds. The partnership with SK geo centric in Ulsan, South Korea, established a 50/50 ownership joint venture to operate the first Polypropylene (PP) recycling plant in Asia. This facility is expected to have an annual capacity of up to 60,000 tons. The original expected completion date was the second quarter of 2025.

Separately, the Thailand expansion, in partnership with IRPC Public Company Limited, involves building a facility with a 130-million-pound line. Construction for this site is set to begin in the second half of 2025, with mechanical completion targeted for 2027.

Here's a look at the key volume and capacity targets tied to these major agreements:

Feedstock Security

Securing feedstock is vital for plant utilization. For the Thailand project specifically, key feedstock Letters of Intent (LOI) have been signed targeting more than 100 million pounds annually. This demonstrates concrete off-take interest for the raw material needed for the new international facility.

Financial Backing and Investor Confidence

Significant capital events in 2025 underscore investor belief in the scaling plan. A major transaction closed around June 20, 2025, raising $300 million in Series B convertible perpetual preferred stock from a group including new and existing investors. This group included Duquesne Family Office LLC and Sylebra Capital Management.

Earlier in the year, in February 2025, a transaction anchored by Pleiad Investment Advisors Limited, with participation from Sylebra Capital Management and Samlyn Capital, LLC, raised gross proceeds of $33 million. Duquesne Family Office LLC also participated in the purchase of Southern Ohio Port Authority Exempt Facility Revenue Bonds in March/April 2025, with gross proceeds to the Company of approximately $26.8 million from $30.4 million in aggregate par amount sold. To be fair, Sylebra Capital Management had already shown commitment, acquiring shares in February 2025 for approximately $4.99 million.

You can see the financial partners involved in these recent funding rounds:

• Duquesne Family Office LLC (participated in $300 million raise and bond purchase)
• Sylebra Capital Management (participated in $300 million raise and $33 million raise)
• Pleiad Investment Advisors Limited (anchored the $33 million raise)
• Samlyn Capital, LLC (participated in $300 million raise and $33 million raise)

Converters and Compounders Engagement

The commercial pipeline is being converted through direct engagement with end-users. PureCycle Technologies, Inc. is currently in the midst of more than 30 trials as of the first quarter of 2025. The company is actively building out its sales pipeline with top converters and brand owners, including Fortune 100 companies. The focus is on developing resin grades for applications like cups and coffee lids, which has increased interest from global quick service restaurants (QSR). The expectation is to begin shipping PureFive™ resin to a top five global QSR in the fourth quarter of 2025. Also, the Ironton compounding operations, expected to be complete by year-end 2025, will enable the production of approximately 100 million annual pounds of single-pellet solutions for customers.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Key Activities

You're looking at the core engine of PureCycle Technologies, Inc. (PCT) as of late 2025. These are the essential things the company must do well to deliver its value proposition. Honestly, the focus is heavily weighted on execution at the flagship plant and pushing forward the next wave of global capacity.

Operating and optimizing the Ironton, Ohio, purification facility

The Ironton, Ohio, purification facility is the current revenue driver and the proving ground for the technology. You saw significant production increases in the third quarter of 2025. The team processed 9.4 million pounds of feedstock at the Denver facility, while Ironton produced a record 7.2 million pounds of PureFive resin in Q3 2025 alone. That quarterly total is nearly equal to what Ironton produced in the entire first half of 2025. The monthly record hit in September 2025 was 3.3 million pounds.

Optimization is key right now, as they work to maximize uptime and throughput. They are ramping feedstock processing and production through the end of the year. Here's a quick look at the operational metrics we have for Q3 2025:

Completing installation of Ironton compounding operations by late 2025

This is a near-term, critical activity. PureCycle Technologies expects to complete the installation of the in-house compounding operations at Ironton by the end of the year (late 2025). This capability is a big deal because it moves them up the value chain, allowing them to create specific, single-pellet solutions directly for customers rather than just selling the base resin.

The expected benefits are clear:

• Enable production of approximately 100 million annual pounds of single-pellet solutions.
• Reduce annualized third-party costs by approximately $4 million.
• Simplify supply chain operations.

This move is defintely intended to boost margins and customer adoption.

Securing diverse feedstock supply (post-consumer, post-industrial waste)

The entire business hinges on securing a steady, cost-effective supply of polypropylene waste. For the global expansion projects, they are actively securing supply commitments. Specifically for the Thailand project, key feedstock Letters of Intent (LOIs) have been signed targeting more than 100 million pounds annually. Also, the commercial agreement with Emerald Carpets secures an off-take for 5 million pounds of PureFive™ resin annually, which is part of the feedstock loop for that partnership.

The company's feedstock pipeline has historically included:

• Post-consumer non-curbside waste.
• Post-consumer curbside waste.
• Post-industrial waste streams.

Advancing global expansion projects in Thailand and Belgium

PureCycle Technologies is executing on its global footprint strategy, fueled by the $300 million capital raise in June 2025. The focus is on getting the first international lines operational.

Here's the timeline for the next two major facilities:

The Thailand line is planned for 130 million pounds annually. Furthermore, the EU application for a €40 million Innovation Fund grant has advanced to the negotiation phase.

Developing the PureFive™ resin portfolio for new applications

This activity involves taking the output from Ironton and tailoring it for specific customer needs, which is where the compounding capability really helps. PureCycle finalized the development of the PureFive™ product portfolio to support commercialization. They can now provide drop-in solutions for several major segments.

The current commercial focus areas include:

• Food-grade flexible film.
• Thermoforming applications (e.g., coffee lids, dairy containers).
• Injection molding (e.g., storage totes, caps).
• Textile applications (e.g., carpet fiber).

You should note the near-term commercial wins. The company expects to begin shipping PureFive™ resin for a top-five global Quick Service Restaurant (QSR) in the fourth quarter of 2025. Progress with The Procter & Gamble Company (P&G) includes caps for small 10-ounce detergent bottles that have passed all tests, with P&G cap shipments planned for Q4 2025.

Finance: draft 13-week cash view by Friday.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Key Resources

You're looking at the core assets PureCycle Technologies, Inc. (PCT) relies on to execute its global recycling strategy as of late 2025. These aren't just line items; they are the proprietary engine and the capital fuel driving the next phase of expansion.

Patented, solvent-based purification technology licensed from P&G

The foundation of PureCycle Technologies, Inc. (PCT) is the global license for the only patented dissolution recycling technology. This technology was originally developed by The Procter & Gamble Company (P&G).

Ironton, Ohio, flagship facility with 107 million pounds annual capacity

The Ironton, Ohio, purification facility is your flagship asset. Once fully operational, this site is projected to have an annual production capacity of 107 million pounds of Ultra-Pure Recycled (UPR) resin. To enhance this site, PureCycle Technologies, Inc. (PCT) is integrating compounding operations, adding approximately 100 million pounds of annual compounding capacity, expected to be completed late in the fourth quarter of 2025. The operational talent there delivered a record 7.2 million pounds of pellets in the third quarter of 2025 alone.

$300 million capital raise from Series B preferred stock in June 2025

To fund the global growth strategy, PureCycle Technologies, Inc. (PCT) secured binding agreements for a $300 million capital raise in June 2025, structured as Series B convertible perpetual preferred stock. The Convertible Shares carry a 7% annual dividend.

Extensive pipeline of feedstock supply under LOI

Securing the raw material is critical. For the announced Thailand expansion project, key feedstock Letters of Intent (LOI) have been signed targeting more than 100 million pounds annually.

Highly specialized engineering and operational talent

The team's ability to execute on complex projects, like the upgrades at Ironton and the engineering finalization for Gen-2 designs expected in the first half of 2026, speaks to this resource.

Here's a quick look at the scale of these key assets as of the latest update:

The technology's application scope, proven through trials, also represents a significant intangible resource. You can see the breadth of this capability:

• Patented dissolution process licensed from P&G.
• PureFive™ resin qualification for P&G spout and dose caps.
• Resin grades developed for food-grade flexible film.
• Development of PureFive Choice™ for film, fiber, thermoformed, and injection-molded applications.
• Expected shipping to a top five global QSR in Q4 2025.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Value Propositions

You're looking at the core reasons why brand owners and converters are lining up for PureCycle Technologies, Inc.'s (PCT) product. It's not just about recycling; it's about delivering a material that performs like virgin plastic while meeting tough sustainability targets. That's the value proposition in a nutshell.

The primary offering is Ultra-Pure Recycled Polypropylene (UPRP), branded as PureFive™. This isn't your typical mechanically recycled resin; PCT's proprietary process, licensed from Procter & Gamble, uses a solvent-based purification technology. This process is designed to strip out color, odor, and other contaminants from the #5 plastic waste feedstock, resulting in a resin that is like-new. As of the third quarter of 2025, PureCycle Technologies, Inc. finalized the development of its PureFive™ product portfolio, which includes grades suitable for a wide variety of uses.

The resin produced over the first quarter of 2025 shows consistent melt flow, mechanical properties, polyethylene, and ash content, which helps ensure processability across many applications. PCT now offers two main tiers: PureFive Choice™ and PureFive Ultra™, with compounding operations at the Ironton Facility expected to be complete by the end of 2025 to produce approximately 100 million annual pounds of single-pellet solutions.

Here's a quick look at the environmental claims tied to the Ironton, Ohio facility design, which serves as the initial benchmark:

For the future European facility in Antwerp, a separate third-party LCA projected even better environmental performance, though these are expectations for a future site grid and design integration.

The material is engineered to be a drop-in solution, meaning converters don't need to overhaul their machinery. PureCycle Technologies, Inc. finalized the development of its product portfolio to provide these solutions for several high-value segments.

• The global demand for biaxially oriented polypropylene (BOPP) film, a key target, represents approximately 30 billion pounds per year.
• The company is actively working on applications for food-grade flexible film, thermoforming, injection molding, and textiles.
• The Cleveland Browns used the Run It Back™ line of cups, made with up to 100% recycled content from PCT, for their souvenir player line during the 2025 season.
• PCT expects to start shipping PureFive™ resin to a top five global Quick Service Restaurant in the fourth quarter of 2025.

Finally, the product directly helps brand owners meet their sustainability goals. PureCycle Technologies, Inc. achieved GreenCircle Certified's Recycled Content Certification for multiple grades of PureFive™ resin in June 2025. This third-party verification is a critical requirement for many procurement organizations looking to validate their use of post-consumer recycled (PCR) content. The company continues to build its sales pipeline with many top converters and brand owners, including Fortune 100 companies.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Customer Relationships

You're looking at how PureCycle Technologies, Inc. (PCT) builds and maintains its connections with customers as of late 2025. It's a highly involved process, especially since the material is new to many high-performance applications.

Direct, high-touch engagement for product qualification and trials is central to the strategy. For example, in the first quarter of 2025, PureCycle Technologies, Inc. was in the midst of more than 30 trials with potential customers. By Q1 2025, the pipeline included 33 active trials and 55 pending trials across segments like rigid packaging, flexible packaging, and automotive/compounding. These early engagements represented a potential volume of approximately 300-550 million pounds. By the second quarter of 2025, the company reported that 17 customer applications had advanced to post-trial discussions. The goal is clearly to move customers from testing to purchasing, as seen by Q3 2025 when management noted momentum with brand owners moving beyond trials to beginning to purchase the resin.

The agreements being signed are strategic and aim for guaranteed volume over the long term. A concrete example is the partnership with Emerald Carpets, which included a commercial supply agreement for 5 million pounds annually of PureFive™ resin. Looking ahead, initial volume indications from key projects, including Emerald, Proctor and Gamble, and QSR Coffee Lids, are in the range of about 40 to 50 million pounds annually at full ramp. This focus on securing volume is critical for justifying capacity expansion.

Collaborative development of specific resin grades, such as PureFive Choice™, is a key relationship driver. Through customer interactions, PureCycle Technologies, Inc. developed a wide-ranging portfolio of these customizable blend grades. For instance, initial tests with Brückner Maschinenbau GmbH for BOPP film trials utilized blends ranging from 15% to 50% of PureFive Choice™ resin. The company expects to complete the installation of its Ironton compounding operations by the end of 2025, which will enable the production of approximately 100 million annual pounds of these single-pellet solutions for customers. Furthermore, bringing compounding in-house is projected to eliminate approximately $4 million of annualized third-party costs associated with producing the PureFive Choice™ resin.

The sales effort is definitely focused on the largest potential users. PureCycle Technologies, Inc. continues to progress and convert its sales pipeline with many of the top converters and brand owners, including Fortune 100 companies. A significant near-term milestone involves a top five global QSR (Quick Service Restaurant), with whom the company expects to begin shipping PureFive™ resin in the fourth quarter of 2025. The relationship with The Procter & Gamble Company (P&G) is particularly deep, transitioning to an operational relationship where the teams meet weekly and are well aligned.

Technical support is woven into these relationships to ensure successful integration. The focus has shifted more towards converting these large applications into sales, given the technical successes achieved with the product line. The company has developed compounds with PureFive™ resin for P&G applications like Old Spice®, Febreze®, Tide®, Cascade®, and Metamucil®, with industrial molding trials scheduled. The ability to provide drop-in solutions for various applications, including food-grade flexible film, thermoforming, and injection molding, is what helps secure these deep customer ties.

Here's a snapshot of the commercial pipeline activity as of the Q3 2025 update:

You can see the entire customer relationship structure is built around proving performance in demanding applications, which then locks in multi-year volume commitments.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Channels

You're looking at how PureCycle Technologies, Inc. (PCT) gets its PureFive™ resin into the hands of customers as of late 2025. The channels strategy is clearly centered on direct engagement with major end-users, supported by a rapidly scaling, centralized production hub that is simultaneously building out a global footprint.

Direct sales force to major converters and brand owners

The commercial channel relies heavily on direct engagement, moving customers from initial trials to firm purchase agreements. As of the third quarter of 2025, PureCycle Technologies, Inc. is actively converting its sales pipeline, which includes numerous top converters and brand owners, notably including Fortune 100 companies. The momentum is shifting from testing to purchasing, which is key for revenue realization. For instance, the company is in post-trial negotiations for more than 15 applications as of the end of Q2 2025.

The progress with key strategic partners is a primary channel indicator. The Procter & Gamble Company (P&G) qualification process is advancing, with scaled production tests for select bottle caps scheduled for September 2025, aiming for product in stores by early 2026. Furthermore, the company expects to start shipping PureFive™ resin to a top five global Quick Service Restaurant (QSR) in the fourth quarter of 2025.

Ironton, Ohio, purification facility as the primary production hub

The Ironton, Ohio, purification facility remains the core production channel for supplying the initial commercial demand. Operational improvements have been significant; onstream time reached nearly 90% in April 2025. The facility achieved a record quarterly production of 7.2 million pounds of pellets in the third quarter of 2025, which is nearly equal to the amount produced in the first half of 2025. They successfully completed a rate test at 14,000 pounds per hour on August 1, 2025.

To enhance this channel, PureCycle Technologies, Inc. is integrating compounding operations by year-end 2025, adding approximately 100 million pounds of annual compounding capacity for single-pellet solutions. This in-house compounding should simplify supply chain operations and increase the overall volume available from Ironton.

Planned future global facilities (Augusta, Thailand, Belgium) for regional supply

The growth channel involves establishing regional hubs to serve global markets more efficiently, aiming for a total installed capacity of one billion pounds across the United States, Europe, and Asia before 2030. The expansion is being fueled by a recent $300 million capital raise executed in June 2025.

The first expansion steps are focused on Thailand and Belgium, leveraging existing infrastructure to reduce capital expenditure costs and speed up timelines. The Augusta, Georgia, facility will proceed with a Generation 2 design, which is expected to house a line with a capacity greater than 300 million pounds per year before compounding.

• Thailand (Rayong) Line: 130 million pounds annual capacity; construction starts in the second half of 2025, mechanical completion expected in 2027.
• Belgium (Antwerp) Line: 130 million pounds annual capacity; projected operational in 2028.
• Augusta, GA (Gen 2): First purification line expected operational in 2029; PreP facility expected operational in mid-2026.

Logistics network for sourcing feedstock and shipping finished resin

The logistics channel begins with securing feedstock, which is critical for maintaining production rates. PureCycle Technologies, Inc. has established a Feed PreP facility in Denver, Pennsylvania, which began operations in October 2024, to process waste polypropylene. For the international expansion, key feedstock Letters of Intent (LOIs) have been signed for the Thailand project, targeting more than 100 million pounds annually. The company's pricing model, Feedstock+, is designed to mitigate operating margin volatility related to feedstock costs.

Industry conferences and trade shows for commercial outreach

While specific dollar amounts for marketing channels like conferences aren't detailed, the success in moving beyond trials is the direct result of this outreach. The company has been actively engaged in numerous customer interactions, leading to the development of a wide-ranging portfolio of PureFive Choice™ resin grades for applications like food-grade film, injection molding, and thermoforming. The progress in trials, such as those with Brückner Maschinenbau GmbH for biaxially oriented polypropylene (BOPP) film-a market representing approximately 30 billion pounds globally per year-demonstrates the effectiveness of these commercial engagement channels.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Customer Segments

Global Quick Service Restaurants (QSRs) and food packaging companies.

• PureCycle Technologies expects to begin shipping PureFive™ resin to a top five global QSR in the fourth quarter of 2025.
• Initial volume indications from this top five QSR group are in the range of about 40 to 50 million pounds annually at full ramp, with ramping expected in 2026.
• The company is working to finalize agreements with three of the top five quick service restaurant companies.
• Resin grades have been developed for applications like cups and coffee lids.

Fortune 100 consumer packaged goods (CPG) brand owners.

• PureCycle Technologies continues to convert the sales pipeline with many top converters and brand owners, including Fortune 100 companies.
• The Procter & Gamble Company (P&G) is a key partner, with cap shipments planned for converters in the fourth quarter of 2025 and shelf appearance in early 2026.

Resin producers and plastic converters seeking sustainable inputs.

PureCycle Technologies has established strategic partnerships and supply contracts across the plastics value chain with resin producers and converters.

Textile and automotive manufacturers needing high-quality recycled PP.

The PureFive™ product portfolio includes drop-in solutions for textile applications, film, thermoforming, and injection molding.

• A commercial supply agreement is in place with Emerald Carpets for 5 million pounds annually of PureFive™ resin for fiber production.
• The global demand for Biaxially Oriented Polypropylene (BOPP) film, an application where PureCycle made progress in trials, represents approximately 30 billion pounds per year.
• The resin has been successfully molded into various polypropylene packaging applications.

Investors focused on ESG (Environmental, Social, and Governance) defintely.

The company's focus is on recycling the approximately 170 billion pounds of Polypropylene (PP) produced every year, which has averaged a 5% rate of growth over the last five years.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Cost Structure

You're looking at the core expenditures that keep PureCycle Technologies, Inc. running and building out its capacity, which is a heavy lift for a process-intensive business like this. The costs are dominated by building out the physical plants and the ongoing expense of the specialized purification technology.

Significant Capital Expenditures (CAPEX) for New Facility Construction

Building out the physical footprint is the largest initial drain. The Augusta, Georgia, facility, which is their first U.S. cluster site, had an initial planned investment of $440 million for Phase 1, covering three initial lines. This Augusta site is slated for an enhancement to house a larger Gen 2 line, with a final design capacity projected to be greater than 300 million pounds per year. Globally, PureCycle Technologies, Inc. has major expansion plans for new facilities in Belgium and Thailand, which are expected to cost around $2 billion in total. Construction on these new international lines was planned to begin in the second half of 2025.

Raw Material (Polypropylene Waste) Procurement and Preprocessing Costs

Securing the feedstock-the polypropylene waste-is a direct cost tied to production volume. While specific 2025 procurement costs aren't detailed, earlier feedstock discussions for the Augusta facility's first two lines were supported by Letters of Intent (LOIs) covering approximately 215 million pounds of material. The company's process is designed to handle a wide range of contamination levels, which impacts preprocessing costs.

Operating Expenses (OPEX) for the Solvent-Based Purification Process

The solvent-based purification process carries inherent operating costs. For context on the scale of operational spending, the Operating Costs for the three months ended June 30, 2023, were reported as $14,023 thousand (or $14.023 million). Furthermore, Selling, General & Administrative (SG&A) costs were noted as being higher than expected to support the business, including Ironton support and labor inflation.

Research and Development (R&D) for Gen-2 Purification Design

R&D is focused on refining the technology, particularly for the next generation. The Gen-2 design for the enhanced Augusta facility is expected to incorporate learnings from the flagship Ironton, Ohio facility. The R&D team also achieved successes in developing compounds that perform similarly to virgin polypropylene for specific applications, such as continuous filament yarns.

Interest Expense on Total Consolidated Debt

Financing the massive CAPEX results in significant interest obligations. As of the end of 2024, PureCycle Technologies, Inc. reported total consolidated debt of $346.6 million. For the nine months ending September 30, 2024, higher interest payments on debt totaled $31.1 million, which included payments related to green convertible notes and Revenue Bonds. More recently, for the nine months ended May 31, 2025, the reported Interest expense, net, was $319 thousand.

Here's a quick look at some of the key cost drivers and associated figures we have:

You can see the debt load is substantial, and the interest component, while seemingly small in the May 2025 YTD figure compared to the prior year's nine-month total, is highly dependent on the timing of debt draws and payments, especially concerning the Revenue Bonds.

• Feedstock under LOI for Augusta Lines 1 & 2: Approximately 215 million pounds.
• Projected Augusta Gen 2 Capacity: Greater than 300 million pounds per year.
• New Facility Construction Start (Thailand/Antwerp): Second half of 2025.

Finance: draft 13-week cash view by Friday.

PureCycle Technologies, Inc. (PCT) - Canvas Business Model: Revenue Streams

You're looking at the early monetization phase for PureCycle Technologies, Inc. (PCT), where revenue is just starting to flow from their Ironton facility while significant capital is being secured to fund global scale. Honestly, the revenue stream is currently a mix of initial product sales and non-operating financing proceeds, which is typical for a company scaling up patented technology.

The core revenue driver is the Sales of PureFive™ ultra-pure recycled polypropylene resin. You see the initial commercial traction in the reported figures.

Here's a look at the recognized sales revenue as of the end of Q3 2025:

The path to consistent, large-scale revenue is being paved by securing major customer commitments. These are your Long-term offtake agreements providing future revenue certainty, moving beyond simple trials.

• Shipments to a top-five global Quick Service Restaurant (QSR) expected in Q4 2025.
• Procter & Gamble (P&G) cap shipments planned for converters in Q4 2025.
• The company is in post-trial negotiations for more than 15 applications.

Also keep an eye on Potential revenue from co-product sales. The team has successfully transformed co-product 1 and co-product 2 into a market-ready form, which unlocks additional revenue streams beyond the main resin product.

To fund the massive global expansion-targeting one billion pounds of installed capacity by 2030 and projected $600 million in annual EBITDA by that year-PureCycle Technologies, Inc. has relied heavily on capital raises. These are critical non-sales revenue components right now.

The most significant recent event was the Proceeds from capital raises, including the $300 million Series B preferred stock.

The Series B shares carry a 7% per annum cumulative dividend, payable in kind or cash at the Company's option. That's a key financial term you need to track. Finance: draft 13-week cash view by Friday.