Abu Dhabi, UAE — February 7, 2026
PYROCY has signed a Memorandum of Understanding for the development of a joint-venture pyrolysis project in Bahrain, marking the platform's first confirmed project development in the Gulf region.
The MOU establishes the framework for a jointly-owned industrial operation structured around PYROCY's proven modular pyrolysis model. The Bahraini partner brings feedstock access, land, and operational presence on the ground, while PYROCY provides the technology, engineering, project development, and offtake framework — consistent with the structure applied across all PYROCY joint-venture projects globally.
The Gulf is a strategically significant region for PYROCY on multiple levels. As the home of PYROCY's headquarters in the Abu Dhabi Global Market, it is where the platform's institutional relationships, co-founder networks, and investment structures are most deeply established. Bahrain, as a compact, highly industrialised Gulf state with strong regulatory frameworks and an active petrochemical sector, presents a natural environment for the deployment of circular fuel infrastructure.
The signing follows directly from PYROCY's participation in Abu Dhabi Sustainability Week 2026 in January, where the platform presented its operational credentials and project pipeline to a broad institutional audience. The Bahrain MOU is part of a sustained pipeline conversion process — translating the engagement generated at ADSW into confirmed project development agreements.
With this signing, PYROCY's confirmed international project pipeline now spans seven countries across four continents — Kazakhstan, Spain, Puerto Rico, Ecuador, Colombia, Canada, and Bahrain — alongside two plant contracts in Portugal, all within six months of the platform's formal launch.
José Marques, CEO of PYROCY, stated: "Bahrain is our first Gulf MOU and a natural fit for the platform. The petrochemical expertise, the regulatory environment, and the industrial infrastructure are all there. Having our first Gulf project in a market this well-structured is a strong foundation for broader MENA expansion."