DePoly provides a chemical recycling process that converts unsorted, contaminated PET and polyester waste into virgin-grade PTA and MEG feedstocks. These recycled precursors enable manufacturers to produce new plastics without relying on fossil fuels, reducing landfill and incineration volumes. The technology serves participants across the PET supply chain, offering both waste‑handling and recycled‑material solutions.
Funding
$15.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BVFounders
Product
Problem
Over 90% of plastics worldwide are not recycled, leading to significant landfill waste and a continued reliance on fossil fuels for new plastic production. Current recycling methods often struggle with unsorted and contaminated post-consumer PET plastic.
Solution
DePoly has developed a chemical recycling technology that converts unsorted, dirty post-consumer PET and polyester waste into virgin-grade raw materials, specifically PTA (Purified Terephthalic Acid) and MEG (Monoethylene Glycol). These materials can then be used to produce new plastics, reducing the need for fossil fuels and diverting waste from landfills and incineration. The technology offers a solution for processing PET waste that is typically unsuitable for traditional mechanical recycling methods.
Target Audience
The primary customers are companies across the PET supply chain, including waste management companies, recyclers, and manufacturers of plastic products seeking sustainable raw materials.
Features
- Chemical depolymerization process for breaking down PET and polyester polymers.
- Tolerance for unsorted and contaminated post-consumer PET waste streams.
- Production of virgin-grade PTA and MEG, suitable for direct use in new plastic manufacturing.
- Reduced reliance on fossil fuels compared to traditional plastic production methods.
- Diversion of plastic waste from landfills and incineration.