GR3N Raises $16.9M Series B to Scale PET Chemical Recycling

Why It Matters

The capital infusion accelerates deployment of a technology that can close the PET recycling gap, helping brands meet tightening sustainability mandates while reducing carbon footprints.

Key Takeaways

• GR3N secured $16.9M Series B led by 360 Capital.
• MADE technology recycles all PET types, including textiles and films.
• Chemical process cuts CO₂ emissions up to 80% versus virgin PET.
• Food‑grade monomers enable infinite recycling without performance loss.
• Funds will build MODUS, GR3N’s first commercial‑scale plant.

Pulse Analysis

The global PET market exceeds 30 million tonnes annually, yet conventional recycling captures only 15‑20 percent, leaving a massive volume of textile fibers, films and coloured containers in landfill or incineration. European directives such as the EU Packaging and Waste Framework Regulation and the US Inflation Reduction Act’s climate‑friendly provisions are tightening recycled‑content requirements for consumer goods. Major apparel and beverage brands have pledged to increase recycled‑PET usage, creating a surge in demand for technologies that can handle mixed, contaminated streams that mechanical recycling cannot process.

GR3N’s MADE (Microwave‑Assisted Depolymerisation) tackles this gap by depolymerising PET at the molecular level without feedstock restrictions. Unlike glycolysis or methanolysis, the microwave‑driven reaction achieves near‑complete conversion, yielding food‑grade terephthalic acid and ethylene glycol that can be looped back into virgin‑quality bottles or fibers indefinitely. The process also slashes lifecycle greenhouse‑gas emissions by up to 80 % compared with virgin PET production, a claim supported by the company’s life‑cycle assessment. Two patent families protect the chemistry and the proprietary PEQ reactor, giving GR3N a defensible market position.

The $16.9 million Series B, led by 360 Capital and joined by VP Textile, provides the financial runway to construct MODUS, GR3N’s first commercial‑scale facility slated for 2027. By demonstrating consistent output at industrial volumes, MODUS will validate the economic case for chemical recycling and attract downstream partners seeking certified recycled monomers. Investors are increasingly allocating capital to circular‑economy ventures, and GR3N’s progress could catalyze broader adoption of advanced depolymerisation across Europe and North America, accelerating the transition to a low‑carbon plastics economy.

Deal Summary

Swiss cleantech firm GR3N closed a €15.5 million ($16.9 million) Series B round led by 360 Capital, with participation from VP Textile. The funding will support the development of its first commercial‑scale recycling plant using its MADE chemical recycling technology. Growth Capital acted as financial advisor.