The problem: 98% of recycling today is mechanical – and treats only 15% of PET
PET is one of the most widely used plastic materials in the world, with a market of 100 million tons. Today, 98% of recycling relies on mechanical technologies, which can only process transparent and light-blue bottles, just 15% of the total PET available. The remaining 85%, including textile fibres, films and coloured resins, ends up in landfill or incinerated.
At the same time, demand for recycled PET is accelerating alongside evolving regulations. The EU’s Packaging and Packaging Waste Regulation requires producers to meet a minimum recycled PET content of up to 30% by 2030 and up to 65% by 2040. In tandem, beverage industry brands have announced their own ambitious recycled content targets. Chemical recycling is the only technology capable of meeting this demand at scale.
GR3N’s solution: MADE, the most efficient depolymerization technology on the market
GR3N has developed MADE – Microwave Assisted DEpolymerization, a patented technology capable of processing 100% of PET waste – from both packaging and textile sources – with high yield and reductions in CO₂ emissions by up to 80% compared to virgin PET. Unlike competing technologies (glycolysis, methanolysis, dissolution), MADE has no feedstock limitations and produces food-grade monomers that can be recycled infinitely without any loss in performance.
GR3N holds 2 patent families covering the depolymerization process and 1 patent family on its proprietary equipment (PEQ).
MODUS: the world’s first industrial plant based on this technology
The proceeds from the round will be directed towards the development of MODUS, a first-of-a-kind plant with a capacity of 40,000 tons per year, located in Spain and developed in strategic partnership with Intecsa Industrial, a company part of Cobra IS industrial group, which leads the engineering and EPC execution. The project has secured a signed €35M Grant Agreement under the EU Innovation Fund (Large Scale Industrial Projects category), with financial closure expected in Q4-2027 and commercial operation planned for Q2-2030.
GR3N is pleased to welcome Martin Stephan as its new Chief Executive Officer. He brings over two decades of executive leadership experience in international business and technology, with a strong track record of driving growth and innovation across global markets.
