Scaling Microwave-Assisted PET Recycling
Dailyza can reveal that Swiss climate tech innovator GR3N has successfully closed a €15.5 million Series B funding round. The investment round was led by 360 Capital, a prominent European venture capital firm, alongside participation from existing and new strategic investors. This capital injection will accelerate the commercialisation of its proprietary microwave-assisted depolymerization technology, which offers a circular solution for polyethylene terephthalate (PET) and polyester waste.
The newly secured funds are earmarked for the construction of MODUS, the company’s first industrial-scale demonstration plant. This facility is designed to showcase the technical and economic viability of GR3N‘s recycling process, turning hard-to-recycle plastic waste back into virgin-quality raw materials.
An Innovative Approach to Plastic Waste
Unlike traditional mechanical recycling, which degrades plastic quality over time, GR3N‘s chemical recycling process breaks down PET into its fundamental chemical building blocks. By utilizing microwave technology, the system speeds up the chemical reaction, making the process highly energy-efficient and scalable.
The MODUS Demonstration Plant
The construction of the MODUS facility represents a critical milestone for the green tech sector. Once operational, the plant will process thousands of tonnes of post-consumer and post-industrial PET waste annually. This includes colored bottles, food trays, and polyester textiles that are currently destined for landfills or incineration. The output will be high-purity monomers ready to be repolymerized into new packaging and textiles, closing the loop for global manufacturers.
This funding round highlights the growing investor appetite for scalable decarbonization technologies. As regulatory pressure mounts on global brands to incorporate recycled content into their products, GR3N is well-positioned to meet the surging demand for sustainable packaging solutions.