GR3N, the Swisscleantech company advancing the recycling of PET and polyester plastics andfibres, has closed a €15.5 million Series B funding round. The round was led by360 Capital, with participation...
Increasing regulatory pressure and consumer demand for sustainable practices, coupled with advancements in chemical recycling technologies, make investment in circular economy solutions like GR3N's PET recycling timely.
This funding indicates growing investor confidence in advanced chemical recycling, potentially accelerating the transition away from virgin plastic production and reducing environmental impact.
The scaling of this technology could significantly increase the proportion of truly recycled PET, reducing plastic waste and demand for fossil-fuel-derived plastics.
- · GR3N
- · Chemical recycling sector
- · Consumer brands committed to sustainability
- · Environment
- · Virgin PET producers
- · Landfill operators (long-term)
- · Traditional mechanical recyclers (for certain applications)
GR3N will expand its capacity and market penetration for PET chemical recycling.
Increased availability of recycled PET could drive down prices for recycled materials, impacting primary material markets and incentivizing broader adoption by manufacturers.
The success of GR3N could attract more significant investment into other hard-to-recycle plastics, fostering a more comprehensive circular economy for materials.
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Read at Tech.eu