Abu Dhabi, UAE — February 19, 2026
PYROCY has signed a full project contract for the development of a joint-venture pyrolysis facility in Puerto Rico, converting the Memorandum of Understanding signed in November 2025 into a binding commercial agreement.
The contract confirms the joint-venture structure, project scope, and development timeline for what will be Puerto Rico's first industrial-scale plastic pyrolysis facility. Built around PYROCY's proven 30 TPD modular design, the facility will process residual plastic streams and produce commercial-grade pyrolysis oil under an offtake structure consistent with PYROCY's operating model in Portugal.
The progression from MOU to full contract in under three months reflects both the strength of the local partnership and the advantage of PYROCY's documented operational model. With live performance data from Portugal available for due diligence, the feasibility assessment and commercial structuring process is significantly accelerated compared to technology platforms without an operating reference — a structural advantage that PYROCY expects to repeat across its pipeline.
Puerto Rico's regulatory environment as a US territory provides a strong framework for the project. Extended producer responsibility legislation, federal environmental standards, and active waste management infrastructure all contribute to a clear and stable operating context for a facility of this nature.
This contract marks a significant milestone for the platform — the first project in the Americas to progress from MOU to binding agreement, and a demonstration that PYROCY's pipeline is converting at pace.
José Marques, CEO of PYROCY, stated: "Puerto Rico moving from MOU to full contract in under three months is a direct result of having a plant already running in Portugal. Partners do not need to take our word for it — they can review the data, visit the facility, and make a decision based on documented reality. That is what accelerates the process, and that is what happened here."