DePoly has announced the upcoming establishment of a PET recycling showcase facility in Monthey, Switzerland, slated for summer 2025. This facility is projected to have a capacity of 500 metric tons (1.1 million lbs) annually. It will showcase DePoly’s innovative process that transforms PET and polyester waste into virgin-quality raw materials.

Source: Plastics Technology Magazine

According to the company, DePoly's technology has already been validated through collaborations with various brands in the fashion, cosmetics, and consumer goods sectors. These partnerships have demonstrated the quality of the recycled monomers by successfully converting PET waste into new bottles, textile fibers, and cosmetic packaging.

The upcoming showcase plant validates our road map 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.

^{Samantha Anderson, co-founder and CEO of DePoly}

Looking ahead, DePoly plans to construct a commercial plant in 2027 that will handle significantly larger quantities of PET and polyester waste. The company has successfully secured $23 million in seed funding, with MassMutual Ventures participating in a second closing of this funding round.