PureCycle expects fourth-quarter project spending of about $4 million
PCT•PureCycle expects about $4 million in fourth-quarter 2026 project spending and approximately $51 million for the full year, excluding financing-dependent expenditures. Third-quarter revenue was $2.3 million, while two restaurant cold-cup programs shifted to 2027.
1. Spending and programs
PureCycle expects project and growth spending to decline in 2027, with project expenditures dependent on the timing of Thailand financing. Branded programs are expected to reach 45 million to 55 million pounds annually at full ramp, approaching 40% to 50% utilization.
2. Programs delayed
Two large quick-service restaurant cold-cup programs shifted from 2026 to 2027 after New Jersey extended its food-contact exemption. Third-quarter revenue totaled $2.3 million, primarily reflecting operational issues and New Jersey-related delays.
