TEXTILES.ORG
Swiss cleantech DePoly has announced a $23m seed funding round and the launch of a 500-ton-per-year plant for PET (Polyethylene Terephthalate) and polyester waste. The company has developed a novel process that is able to tackle complex plastic streams and turn plastics back into raw material without affecting quality.
Every year, millions of tons of PET and polyester waste end up in landfills or are incinerated, yet sustainable recycling solutions remain limited. The facility will demonstrate DePoly’s proprietary process that converts PET and polyester waste into virgin-quality raw materials without fossil fuels. The company’s technology has already demonstrated its commercial impact through collaborations with leading companies in fashion and the broader consumer goods industry.
Through these partnerships, DePoly has validated the quality of its recycled monomers by transforming PET waste into new bottles, high-performance textile fibers, and cosmetic packaging, demonstrating the company’s ability to meet high standards for purity and performance across a range of industries. By delivering oil-equivalent monomers, DePoly’s technology sets a new benchmark for circularity, offering a genuine alternative to virgin materials.
“The upcoming showcase plant validates our roadmap to creating a truly circular plastics market. Following our pilot and showcase plant, our next goal is to scale our operations to industrial size with a first of a kind commercial plant based on our technology,” says Samantha Anderson, company co-founder & CEO.