Key Takeaways
- • GR3N closed a €15.5 million Series B funding round led by 360 Capital with participation from new investor VP Textile, positioning the Swiss cleantech company to scale its patented PET chemical recycling technology.
- • The company's proprietary MADE (Microwave-Assisted Depolymerisation) technology processes all types of PET waste—including packaging, textiles, films, and coloured materials—with no feedstock limitations and produces food-grade monomers suitable for repeated recycling without performance degradation.
- • MADE delivers up to 80% CO₂ emissions reduction compared with virgin PET production while generating high material recovery yields, addressing a market gap where current recycling technologies handle only a fraction of available PET waste streams.
- • Series B proceeds will fund development of MODUS, GR3N's first commercial-scale recycling plant, enabling the company to capitalize on accelerating demand for recycled PET driven by increasingly stringent sustainability regulations and brand commitments.
- • GR3N's intellectual property portfolio includes two patent families covering the depolymerisation process and an additional patent family protecting proprietary equipment (PEQ), establishing differentiated competitive protection in the chemical recycling sector.
Summary
GR3N, a Swiss cleantech company specializing in PET and polyester plastic recycling, has secured €15.5 million in Series B funding led by investment firm 360 Capital, with new investor VP Textile participating in the round. Growth Capital served as financial advisor on the transaction. This capital injection comes as global demand for recycled PET accelerates due to tightening environmental regulations and corporate sustainability commitments from major consumer brands seeking scalable solutions.
The company has developed MADE (Microwave-Assisted Depolymerisation), a patented chemical recycling process that addresses a critical market inefficiency. While PET ranks among the world's most widely used plastics, conventional recycling technologies process only a fraction of available PET waste, leaving textile fibres, films, and coloured materials largely unrecycled. MADE overcomes these limitations by processing all PET waste types without feedstock constraints, delivering food-grade monomers that can be recycled repeatedly without degradation. The technology achieves emissions reductions of up to 80 percent relative to virgin PET production.
Unlike competing chemical recycling approaches such as glycolysis, methanolysis, and dissolution, MADE's absence of feedstock limitations provides a technical advantage in handling diverse waste streams. GR3N's intellectual property position includes two patent families covering the depolymerisation process itself and a third patent family protecting its proprietary equipment (PEQ), establishing meaningful barriers to competitive replication. The Series B proceeds will directly support development and commercialization of MODUS, the company's first industrial-scale recycling plant, enabling GR3N to transition from development stage to commercial production capacity amid strengthening regulatory tailwinds and brand demand for certified recycled content.
The company has developed MADE (Microwave-Assisted Depolymerisation), a patented chemical recycling process that addresses a critical market inefficiency. While PET ranks among the world's most widely used plastics, conventional recycling technologies process only a fraction of available PET waste, leaving textile fibres, films, and coloured materials largely unrecycled. MADE overcomes these limitations by processing all PET waste types without feedstock constraints, delivering food-grade monomers that can be recycled repeatedly without degradation. The technology achieves emissions reductions of up to 80 percent relative to virgin PET production.
Unlike competing chemical recycling approaches such as glycolysis, methanolysis, and dissolution, MADE's absence of feedstock limitations provides a technical advantage in handling diverse waste streams. GR3N's intellectual property position includes two patent families covering the depolymerisation process itself and a third patent family protecting its proprietary equipment (PEQ), establishing meaningful barriers to competitive replication. The Series B proceeds will directly support development and commercialization of MODUS, the company's first industrial-scale recycling plant, enabling GR3N to transition from development stage to commercial production capacity amid strengthening regulatory tailwinds and brand demand for certified recycled content.
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