PureCycle Technologies Expands in Ohio and Thailand, Aims for Lower Costs with Gen 2 Design

PureCycle Technologies discussed its Ironton plant, Thailand plant timeline, and Gen 2 cost cuts at a Roth conference. The company has commercialized Ironton, running at 60% utilization, and plans an April outage to improve quality and enable higher production. The Thailand plant, expected to be fully owned, targets mechanical completion by the end of next year with product ramping through 2028. PureCycle aims for a 500 million-lb/year Gen 2 design with estimated CapEx of $1.25-$1.50 per pound, bringing costs closer to virgin polypropylene and improving margins.