PureCycle Sets Q4 Production Record, Cuts Feedstock Costs and Boosts $2.7M Revenue
PureCycle’s Ironton plant set a Q4 record by producing 7.5 million pounds and achieving successful rate tests at 12,500 and 14,000 pounds per hour ahead of a mid-April to mid-May maintenance outage. Q4 revenue rose to $2.7 million with 11 active customers and over 170 projects in its commercial pipeline, while feedstock costs fell by $0.06 per pound.
1. Operational Ramp-Up and Production Milestones
PureCycle’s Ironton facility produced a record 7.5 million pounds in Q4 and achieved successful rate tests at 12,500 and 14,000 pounds per hour, while commissioning phase two compounding. The plant will undergo a scheduled maintenance outage from mid-April to mid-May, and Denver increased feedstock processing by 44% to 14 million pounds with a third shift.
2. Financial Performance and Commercial Pipeline
The company reported $2.7 million in Q4 revenue, marking the fourth straight quarter of sequential growth, and reduced feedstock procurement costs by $0.06 per pound. PureCycle is shipping to 11 customers, with over 170 active projects, and has begun monetizing co-products at prices ranging from $0.03 to $0.25 per pound.
3. Regulatory Approvals and Expansion Plans
PureCycle material is approved for food-grade use in Oregon, Colorado, California, Washington and Europe, with New Jersey approvals pending through DEP collaboration. International expansions include nine feedstock LOIs for the Rayong, Thailand facility—targeting H2 2026 groundbreaking and an eight-year tax holiday—and on-track permits for Antwerp.
4. Leadership Changes and Board Additions
Donald Carpenter will succeed Jaime Vasquez as CFO on March 1 to maintain continuity in finance operations, and the board expanded with Dr. Siri and Valerie Mars joining as independent directors.