DePoly to launch 500 t/a showcase plant
DePoly, a leading sustainable PET-to-raw-material recycling company, announced the upcoming launch of a 500 t/a showcase plant in Monthey, Switzerland this summer, representing a critical step in the company’s journey from laboratory breakthrough to industrial-scale implementation.
The facility will demonstrate DePoly’s proprietary process that converts PET and polyester waste into virgin-quality raw materials without fossil fuels. The technology has already demonstrated its commercial impact through collaborations with some of the world’s leading companies—not only in fashion, like Odlo, but also in cosmetics and the broader consumer goods industry, including innovators such as PTI, says DePoly. Through these partnerships, the company has validated the quality of its recycled monomers by transforming PET waste into new bottles, high-performance textile fibres, and cosmetic packaging.
By delivering oil-equivalent monomers, DePoly’s technology aims to set 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,” said Samantha Anderson, Co-founder & CEO of DePoly.
The company is planning to build a commercial plant in 2027 that will process significantly larger volumes of PET and polyester waste – a major leap in redefining recycling and advancing the circular economy, as DePoly strives to become the global leader in sustainable, circular plastics.
To further accelerate this expansion, DePoly has secured a total of $23 million in seed funding with MassMutual Ventures joining a second closing of its round. The expanded investor base positions DePoly as one of the biggest recycling technology companies in Europe, with more than $30 million raised across two rounds and grants. MassMutual Ventures joins existing investors, including Founderful, ACE & Company, Angel Invest, Zürcher Kantonalbank, BASF Venture Capital, Beiersdorf Venture Capital, and Syensqo.
By transforming discarded plastics into high-quality raw materials, DePoly intends to reduce reliance on fossil resources, to minimise waste, and to pave the way for a circular materials industry. It has been recognised as a Technology Pioneer by the World Economic Forum and was a winner of the 2024 Top 100 Swiss Startup Award.