Abu Dhabi, UAE — November 24, 2025
PYROCY has signed Memoranda of Understanding for the development of joint-venture pyrolysis projects in Ecuador and Colombia, bringing the platform's confirmed Latin American project pipeline to three countries in the space of two days.
Both MOUs follow PYROCY's established joint-venture structure: local partners bring feedstock access, land, and operational presence on the ground, while PYROCY provides the technology, engineering, project development, and offtake framework. Each project will be developed through PYROCY's standard feasibility process — feedstock verification, site evaluation, and financial structuring — before progressing to full joint-venture agreements.
Latin America presents a significant and largely unaddressed opportunity for advanced plastic waste recovery. Both Ecuador and Colombia generate substantial volumes of non-recyclable plastic waste, face growing regulatory and environmental pressure around plastic disposal, and have active industrial sectors capable of supporting modular pyrolysis operations. The region's combination of feedstock availability, regulatory momentum, and local industrial infrastructure makes it a natural fit for PYROCY's deployment model.
The signing of two MOUs on the same date reflects the pace at which PYROCY's international pipeline is developing. Within three months of the platform's formal launch, PYROCY has confirmed active project development across five countries — Kazakhstan, Spain, Puerto Rico, Ecuador, and Colombia — alongside the second Portugal plant already under contract.
José Marques, CEO of PYROCY, stated: "Ecuador and Colombia are two strong markets with real feedstock, real partners, and real regulatory drive. The fact that we are signing in both on the same day reflects the momentum the platform has built since launch. Latin America is a region we are taking very seriously — Puerto Rico, Ecuador, and Colombia in one week is a strong start."