To drive global expansion under one brand, Heraeus decided to rename the company “revalyu Resources GmbH” (“revalyu”).
PET, which stands for polyethylene terephthalate, is the most common thermoplastic polymer resin of the polyester family and is used in textiles, packaging containers for liquids and foods, thermoforming for manufacturing and many other consumer products.
revalyu has developed a breakthrough and environmentally sustainable depolymerization technology to recycle post consumer PET bottles into sustainable esters (monomers), which is the base chemical building block for anything polyester based. revalyu’s Polymer can be used to manufacture high quality sustainable PET products. Today, the company produces filament yarns for the textile industry in its manufacturing facility in Nashik, India. It currently employs around 300 people.
“revalyu is driven by innovation and fits perfectly into our portfolio”, said Jan Rinnert, Chairman of the Board of Managing Directors and CEO of Heraeus Holding GmbH. Rinnert says the global strength of Heraeus will provide the investment, infrastructure and strategic support needed to accelerate revalyu’s growth. “We aim to develop the business into one of the world’s largest and technologically advanced PET recycling companies”, Rinnert added.
“We are a pioneer in recycling PET bottles. After several years of hard work by the team and support from our shareholders and customers, we have built the world’s most innovative, technology leading and environmentally sustainable PET recycling plant in the world based in Nashik, India”, said Dr. Vivek Tandon, Founder of perPETual Technologies to be renamed revalyu Resources.