PureCycle Technologies Surges to 270th in Trading Volume with $297 Million Turnover

On June 17, 2025, PureCycle Technologies, Inc. (PCT) experienced a significant surge in trading volume, with a turnover of $297 million, marking a 730.8% increase from the previous day. This surge placed PureCycle at the 270th position in terms of trading volume for the day. The stock price of PureCycle rose by 18.79%, marking the second consecutive day of gains, with a total increase of 24.34% over the past two days.

PureCycle Technologies, Inc. has announced a $300 million capital raise, which will be instrumental in achieving its goal of bringing one billion pounds of installed capacity online by 2030. This ambitious plan is supported by binding agreements with a series of new and existing investors, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors, and Sylebra Capital Management. The capital raise is expected to fund and close on June 20, 2025.

In addition to the capital raise, PureCycle has established a strategic partnership with IRPC Public Company Limited, a leading petrochemical company in Southeast Asia. This collaboration aims to build a new polypropylene (PP) recycling facility in Thailand, leveraging IRPC's existing infrastructure to reduce construction costs. The facility, located in IRPC's eco-industrial zone in Rayong, Thailand, is expected to begin construction in the second half of 2025 and become operational in mid-2027.

PureCycle's growth plans extend beyond Thailand, with the company also advancing the permitting process for a facility in Antwerp, Belgium. The Antwerp facility is projected to be operational in 2028 and will offer PureCycle access to mature feedstock opportunities and strong infrastructure synergies. The company expects to receive the final permits for the Antwerp facility in 2026.

In the United States, PureCycle is planning to enhance its Augusta facility to house a larger Gen 2 line, with a capacity of over 300 million pounds per year. The construction of this facility is expected to begin in mid-2026, with the first purification line becoming operational in 2029. The Augusta facility will be fully integrated with pre-processing and compounding assets, allowing PureCycle to better leverage the greenfield expansion at the site.