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CHF19.0m

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Total Funding000k

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Source: Company filings or news article

More about DePoly
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DePoly is a Swiss startup operating in the recycling industry, specifically focusing on PET (Polyethylene terephthalate) plastics. The company has developed an innovative recycling process that allows for the recycling of all PET plastic items, including multi-layer items and multi-colour fibers, without the need for pre-sorting, pre-washing, or separating out other plastics. This is a significant advancement in the recycling industry, as it simplifies the recycling process and increases the range of plastic items that can be recycled.

DePoly's business model revolves around the chemical recycling of PET plastics back to their raw materials, PTA (purified terephthalic acid) and MEG (mono-ethylene glycol). These materials are then sold back to the plastic industry to be reused in the production of new PET plastic items. This creates a circular economy, reducing the need for oil in the production of new plastics and contributing to sustainability efforts.

The company's clients are primarily in the plastic industry, who can benefit from the high-quality recycled PTA and MEG produced by DePoly. These materials are of the same quality and purity as their fossil-sourced counterparts, allowing for the production of virgin-quality PET plastic items.

In terms of revenue, DePoly makes money by selling the recycled PTA and MEG to plastic manufacturers. This not only provides a source of income for the company, but also promotes the use of recycled materials in the plastic industry, contributing to a more sustainable and environmentally-friendly economy.

Keywords: Recycling, PET Plastics, Circular Economy, Sustainability, Plastic Industry, Chemical Recycling, PTA, MEG, Plastic Waste, DePoly.

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