This process is energy efficient — operating at room temperature and standard pressure, without the need for pre-sorting, pre-washing, or removal of contaminant materials. For BVC this investment underlines BASF’s ongoing commitment to developing sustainable solutions for a circular economy.
BVC co-led DePoly’s CHF12.3M seed financing round along with Wingman Ventures, with the participation of Beiersdorf, Infinity Recycling, CIECH Ventures, Angel Invest, and others. The proceeds of the financing round will enable DePoly to accelerate the scale-up and development of its depolymerization process, leading to the building of a demonstration plant expected to be operational in 2024.
Plastics are an essential part of everyday life. But only about 10 percent are recycled, with the majority going to incineration or landfill. As brand owners increasingly aim for higher recycled content rates in their products, the demand for advanced recycling technologies is expected to grow. DePoly offers a unique solution to address this need. “Our technology has the potential to fundamentally change the lifecycle of PET plastics and reinforce the global efforts in tackling the climate challenge. We are thrilled to have BASF Venture Capital and other strategic investors in this round supporting us in implementing our solution on a larger scale,” said Samantha Anderson, CEO and co-founder of DePoly.
