The funds were obtained from several equity companies, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors and Sylebra Capital Management.
It is reported that PureCycle's first quarter financial report shows that the company is still not profitable. In the first three months of 2025, PureCycle reported revenue of approximately $1.58 million and operating costs and expenses of $39.3 million, resulting in an operating loss of more than $37 million.
Purecycle can be said to be the largest commercial solvent dissolution recycler, using supercritical solution butane technology to recycle polypropylene (PP). After leasing their core technology from Procter & Gamble (P&G), Purecycle has now established their flagship first-of-its-kind facility in Ironton, Ohio, producing 49,000 tons of PP recyclate per year.
PP Recycling Facility in Rayong, Thailand
The newly raised funds will start a collaboration with IRPC Public Co. Ltd. (IRPC) in Thailand. The two companies intend to build a new PP recycling facility in Rayong with an annual production capacity of 65,000 tons. Construction will begin in the second half of this year and is expected to be operational in mid-2027.
Recycling Facility in Antwerp, Belgium
The capacity is the same as the Thai facility.
Recycling Plant in Georgia, USA
The current planned annual production capacity is expected to be 150,000 tons.
In addition, in the first half of this year, Gian De Belder, Director of Packaging Sustainability R&D Technology at the well-known daily chemical giant Procter & Gamble (P&G), mentioned that P&G may promote the use of patented dissolution recycling technology in the future. P&G has now licensed the process to PureCycle Inc., which has developed the first commercial plant using the technology, which can recycle up to 49,000 tons of polypropylene per year.