gr3n, a Swiss PET chemical recycler, has signed a binding Memorandum of Understanding (MOU) with its shareholder Intecsa Industrial, a Spain-based internationally-operating engineering company, to set up a Joint Venture to build a First-of-a-Kind manufacturing facility, commencing EPC phase in Q4-2024 and aiming to be operational in 2027.

“This is a huge step for gr3n, as it will allow us to grow even more, showing enhanced recycling is something tangible and that it is possible to bring MADE, our Microwave Assisted Depolymerization, to market,” said Maurizio Crippa, gr3n Founder and Chief Executive Officer.

gr3n's process has the potential to change the way PET is recycled worldwide, enabling huge benefits for both the recycling industry and the entire polyester value chain.  Thanks to the MADE (Microwave Assisted Depolymerization ) technology developed by gr3n, this approach is now feasible and makes gr3n one of the few companies with the potential to provide a reliable enhanced recycling solution that closes the life cycle of PET and also offers food grade polymer material, processes a large variety of waste and reduces carbon footprint of these materials usually destined for incineration or landfill.

“gr3n has the potential to change the recycling industry, as their technology allows us to tackle things other technologies cannot,” said Ramiro Prieto, Commercial and New Business Units Director at Intecsa Industrial.

“This means expanding the raw material that can be recycled, then accelerating the transition to the circular economy. As Industrial partner and shareholder, we are part of the board butwe have also had the opportunity to perform the basic engineering of the industrial plant, thus we are well acquainted with the technology which we firmly believe is now ready to level up”.

“We're really thrilled to see all the great things gr3n is up to and how they've been pushing the boundaries of technology, and we believe that gr3n's technology will be a key player in the path towards the closed loop of PET sector. Our partnership with gr3n reflects our focus on accelerating the implementation of Intecsa's deep technical and operational expertise in industrial plants. At Intecsa we are convinced that this will be a game changer,” said Ernesto De La Serna, Director of New Developments and Innovation at Intecsa Industrial.