DePoly, a leading sustainable PET-to-raw-material recycling company, is set to launch a 500-tonne-per-year showcase plant in Monthey, Switzerland, marking a significant 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. This could lead to a world where discarded items are not wasted but resources are transformed back into new products.

DePoly's technology has already demonstrated commercial impact through collaborations with leading companies in fashion, cosmetics, and the consumer goods industry.

Through these partnerships, DePoly has validated the quality of its recycled monomers by transforming PET waste into new bottles, high-performance textile fibres, and cosmetic packaging. This proves that DePoly's recycled materials can meet or exceed the highest standards of purity and performance across various industries.

By delivering oil-equivalent monomers, DePoly's technology sets a new benchmark for circularity, offering a genuine alternative to virgin materials.

The company plans 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.

To further accelerate this expansion, DePoly has secured $23 million in seed funding, positioning it as one of the biggest recycling technology companies in Europe.

By transforming discarded plastics into high-quality raw materials, DePoly reduces reliance on fossil resources, minimises waste, and paves the way for a circular materials industry.

Recognised as a Technology Pioneer by the World Economic Forum and winner of the 2024 Top 100 Swiss Startup Award, DePoly proves that sustainable innovation is not only possible but happening now.

"DePoly's proven technology is a game changer addressing a crucial industrial and societal challenge. This raise and the showcase plant opening are advancing DePoly's position as a leader in plastics recycling," said Alix Brunet, Europe Lead at MassMutual Ventures.

David Hanf, who joined DePoly in 2024 as CFO, brings extensive experience from European scale-ups including Smava and Thermondo-Germany’s largest B2C heat service company. Both an entrepreneur and an executive, he adds: "We are convinced our technology is one of the fastest to scale and will allow us to compete with virgin pricing at scale, a key factor for success. We are happy to have expanded our investor base to the US with MassMutual Ventures as we want to build a global champion."