Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
Login Register

Applications

hubergroup launches water-based inks and varnishes for direct food contact

BASF Ultrason PESU for reusable, durable, stylish tableware

SABIC introduces first FR PBT nano molding material

Products

WACKER to unveil high-consistency silicone rubber for composite insulators at K 2025

ENGEL to present vertical IMM for fuel cell components at K

Envalior to highlight high-performance, smart and sustainable solutions at K Fair

Activities

  • Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”

  • ArabPlast 2023 – The Success Journey Continues………..

  • GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Industry Topic

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Green Plastics: News & Insights

CHINAPLAS

CHINAPLAS 2025 Focus

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

K 2025 FOCUS

CHINA INSIGHT

Fakuma 2024 Highlights

News Videos

Pre K | battenfeld-cincinnati unveils three exhibit highlights at K 2025

Pre K | SIKORA to launch AI-based pipe measuring system

Pre K | Wanhua Chemical largest booth among Asia Pacific exhibitors

Conference Videos

【English session:Webinar playback】 JSW: Twin-Screw Extruder "TEX" for Enhanced Chemical Recycling

【English session:Webinar playback】Haitian: The application of PET products in the packaging and consumer goods industry

[Webinar playback] WANHUA: High-performance Specialty Plastics Enable High-quality Industrial and Life Applications

Corporate/Product Videos

Jiangsu Liside New Material Co., Ltd.

Dow 45 years in China

Carbon Removal and Carbon Emission Reduction Tech Solution——Yuanchu Technology (Beijing) Co. Ltd.

Exhibition

Playback TECHHUB 2025@CPRJ Live Streaming for CHINAPLAS

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback On April 14, the "6th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase" at the Crowne Plaza Shenzhen Nanshan is currently being livestreamed!

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

Home > News > Recycling

Game-changing PET recycling technology of Gr3n gets €7.5 million financing

Source:Adsale Plastics Network Date :2021-10-11 Editor :JK

Gr3n announced that its goal of being the world’s leading supplier of recycled Polyethylene Terephthalate (PET) and polyester is closer to becoming reality, thanks to a €6.3 million Series B round of financing raised from Chevron Technology Ventures, and Standex International, among other investors.

 

With this round, Gr3n, whose technology breaks down any type of PET and polyester plastic to allow for potentially endless recycling loops, has now raised a total of €7.5 million in less than a year.

 

Gr3n’s process has the potential to change how PET is recycled worldwide, allowing huge benefits for both the recycling industry and the entire polyester value chain. Many efforts have been made to transfer chemical recycling from research labs to the manufacturing industry in the past, but economic aspects have persistently blocked adoption of proposed solutions.

 

With the DEMETO (Depolymerization by Microwave) Technology developed by Gr3n, this approach is now feasible and makes Gr3n one of the few companies potentially able to supply a reliable chemical recycling solution that closes the PET lifecycle, offers polymer grade material, treats waste, lowers carbon footprints, and provides cost savings for players throughout the value chain.


1_web.jpg

Gr3n is to bring its plastic recycling technology to market.


The input materials for the process can be post-consumer and/or post-industrial polyesters, both from bottles (colored, colorless, transparent, opaque) and textiles (100% polyester but also with up to 30% of other materials like PU, cotton, polyether-polyurea, etc.).

 

The reaction output is a mixture of building blocks derivatives, which are then isolated and purified. In principle, monomers can potentially be re-polymerized endlessly to provide brand new virgin PET or any other polymer using one of the monomers.

 

Polymers obtained can be used to produce new bottles/trays and/or new garments, essentially completely displacing feedstock material from fossil fuels, as the recycled product has the same functionality as that derived traditionally. This means that Gr3n can potentially achieve bottle-to-textile, textile-to-textile, or even textile-to-bottle recycling, moving from a linear to a circular system.

 

“This round of financing will allow us to grow the company further and ultimately move from a startup phase to bringing our revolutionary recycling solution to market,” said Maurizio Crippa, Gr3n Founder and Chief Executive. “Funding by industrial players such as Chevron and Standex further confirms Gr3n’s progress in commercializing the technology.”

 

“GR3N has the potential to both help lower the carbon footprint of plastics manufacturing while also supporting a broader global circular economy related to plastics,” stated Barbara Burger, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our recently launched US$300 million Future Energy Fund II.”

 

“We are very pleased to see Gr3n further advance its technology platform with this significant financing announcement. Standex has been working closely with the company over the past year to develop an innovative solution for a global client in the area of renewable energy production,” added Standex President and CEO David Dunbar.

 Like 丨  {{details_info.likes_count}}
Recycling
PET
 SACMI (SHANGHAI) MACHINERY EQUIPMENT CO., LTD.      
 JIANGXI ZHILIAN NEW MATERIALS CO., LTD      
 SHANGHAI PUSUN PLASTIC PRODUCTS CO., LTD      
 SHANGHAI SMART NEW MATERIALS CO.,LTD      
 HANGZHOU JUHESHUN NEW MATERIAL CO., LTD.      
 WINDORA MATERIALS LLC      
 Quanzhou Juyuan Plastic Machinery Co.,Ltd.      
 QINGDAO HAIRUITE CHEMICAL MATERIAL CO., LTD      
 WUXI ADVANCE TECHNOLOGIES, INC      
 ANHUI SHANHE NEW MATERIAL CO., LTD.,      
 FUJIAN CHALLENGE WOLVES TECH. CO.,LTD      
 ZHEJIANG HAIGONG MACHINERY CO.,LTD      
 ZHANGJAGANG RONGSHENG MACHINERY CO.,LTD      
 Zhejiang Future Petrochemical Co.,ltd      
 JIANGYIN DEBAO NEW MATERIAL TECHNOLOGY CO.,LTD      
 WUXI HHC NEW MATERIAL CO., LTD.      
 ANHUI ZHONGXIN HONGWEI TECHNOLOGY CO.,LTD      
 WUXI SONGHUXINRUI MACHINERY CO., LTD.      
 NINGBO JINGHAI PIGMENT CO., LTD      
 Shanghai DODGEN Chemical Technology Co., Ltd.      
 SHANGHAI QIRAIN NEW MATERIALS CO., LTD.      
 EPLASTMER NEW MATERIAL CO.,LTD      

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Login

Source:Adsale Plastics Network Date :2021-10-11 Editor :JK

Gr3n announced that its goal of being the world’s leading supplier of recycled Polyethylene Terephthalate (PET) and polyester is closer to becoming reality, thanks to a €6.3 million Series B round of financing raised from Chevron Technology Ventures, and Standex International, among other investors.

 

With this round, Gr3n, whose technology breaks down any type of PET and polyester plastic to allow for potentially endless recycling loops, has now raised a total of €7.5 million in less than a year.

 

Gr3n’s process has the potential to change how PET is recycled worldwide, allowing huge benefits for both the recycling industry and the entire polyester value chain. Many efforts have been made to transfer chemical recycling from research labs to the manufacturing industry in the past, but economic aspects have persistently blocked adoption of proposed solutions.

 

With the DEMETO (Depolymerization by Microwave) Technology developed by Gr3n, this approach is now feasible and makes Gr3n one of the few companies potentially able to supply a reliable chemical recycling solution that closes the PET lifecycle, offers polymer grade material, treats waste, lowers carbon footprints, and provides cost savings for players throughout the value chain.


1_web.jpg

Gr3n is to bring its plastic recycling technology to market.


The input materials for the process can be post-consumer and/or post-industrial polyesters, both from bottles (colored, colorless, transparent, opaque) and textiles (100% polyester but also with up to 30% of other materials like PU, cotton, polyether-polyurea, etc.).

 

The reaction output is a mixture of building blocks derivatives, which are then isolated and purified. In principle, monomers can potentially be re-polymerized endlessly to provide brand new virgin PET or any other polymer using one of the monomers.

 

Polymers obtained can be used to produce new bottles/trays and/or new garments, essentially completely displacing feedstock material from fossil fuels, as the recycled product has the same functionality as that derived traditionally. This means that Gr3n can potentially achieve bottle-to-textile, textile-to-textile, or even textile-to-bottle recycling, moving from a linear to a circular system.

 

“This round of financing will allow us to grow the company further and ultimately move from a startup phase to bringing our revolutionary recycling solution to market,” said Maurizio Crippa, Gr3n Founder and Chief Executive. “Funding by industrial players such as Chevron and Standex further confirms Gr3n’s progress in commercializing the technology.”

 

“GR3N has the potential to both help lower the carbon footprint of plastics manufacturing while also supporting a broader global circular economy related to plastics,” stated Barbara Burger, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our recently launched US$300 million Future Energy Fund II.”

 

“We are very pleased to see Gr3n further advance its technology platform with this significant financing announcement. Standex has been working closely with the company over the past year to develop an innovative solution for a global client in the area of renewable energy production,” added Standex President and CEO David Dunbar.

全文内容需要订阅后才能阅读哦~
立即订阅

Recommended Articles

Recycling
WEIMA W5.22 shredder to premiere at K 2025
 2025-07-24
Recycling
Coperion to present innovative interplay of recycling technologies at K 2025
 2025-07-22
Recycling
Starlinger PET bottle-to-bottle recycling process approved by EFSA
 2025-07-21
Recycling
WEIMA: The pressure is on to recycle post-production waste
 2025-07-21
Recycling
Veolia to build UK-first “tray to tray” PET recycling facility
 2025-07-16
Recycling
EREMA: Circular economy will only succeed when we develop collectively
 2025-07-09

You May Be Interested In

Change

  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine

Game-changing PET recycling technology of Gr3n gets €7.5 million financing

识别右侧二维码,进入阅读全文
下载
x 关闭
订阅
亲爱的用户,请填写一下信息
I have read and agree to the 《Terms of Use》 and 《Privacy Policy》
立即订阅
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+ eMarketplace
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Youtube