PureCycle Technologies (PCT) Investor presentation summary

Market opportunity and industry context

• Over 830 billion pounds of plastic are produced annually, with 170+ billion pounds of polypropylene (PP) and only 0.1 billion pounds of PP waste recycled each year.

• Global PP demand in 2023 was 187 billion pounds, projected to reach 239 billion pounds by 2030, with 60 billion pounds of recycled PP needed to meet brand commitments.

• Mechanical recycling struggles to meet quality requirements for film and fiber applications, while PureCycle's process produces high-quality recycled PP.

Technology and process advantages

• Proprietary purification process yields ultra-pure recycled (UPR) resin, removing contaminants, odors, and colors.

• PureCycle's process offers lower cost, high yield, and near-virgin quality compared to mechanical and chemical recycling.

• UPR resin is odorless, contaminant-free, and can command a pricing premium over virgin PP.

• Life Cycle Assessment (LCA) shows up to 87% lower CO₂ impact and 79% lower energy use versus virgin PP.

Operational progress and expansion

• First commercial facility in Ironton, OH is operational, with Augusta, GA and Antwerp, Belgium facilities in development.

• Achieved key production milestones at Ironton, including improved rates, uptime, and product quality.

• CP2 upgrades have improved product quality and circularity, with recovery rates up to 15,000 lbs/day.

• Feedstock sorting upgrades have increased flexibility and PP concentration in input streams.