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StocksMedium•25 March 2026•

1 min read

PureCycle Secures €40M EU Grant for Belgian Recycling Project

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Key Facts

1PureCycle Technologies signed a €40 million grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA).

PureCycle Technologies (Nasdaq: PCT) has officially signed a €40 million grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA). This non-dilutive funding, provided by the EU Innovation Fund, is designated to support the company's "ASTRA PP" project located in the Port of Antwerp-Bruges. The project aims to advance innovative polypropylene recycling technologies within the port's NextGen District, aligning with Europe's climate goals. This financial support underscores the European Union's commitment to scaling climate-positive infrastructure and sustainable industrial solutions. For PureCycle, the grant strengthens its liquidity position while validating its strategic expansion into the European market. The partnership highlights the growing importance of circular economy initiatives in global industrial development.