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DePoly to launch 500-tonne-per-year showcase plant to give yesterday’s plastics a new purpose, as it secures $23M

GlobeNewswire LogoGlobeNewswire16h ago

DePoly to launch 500-tonne-per-year showcase plant to give yesterday’s plastics a new purpose, as it secures $23M - GlobeNewswire

Quick Summary:

The company is planning to build a commercial plant in 2027 that will process significantly larger volumes of PET and polyester waste – a major leap in redefining recycling and advancing the circular economy, as DePoly strives to become the global leader in sustainable, circular plastics.Shredded PET samples.

Using patented technology, DePoly breaks down plastic and textile waste into the building blocks for new, high-quality PET and polyester—reducing waste, cutting reliance on fossil fuels, and advancing circularity across multiple industries.

Following our pilot and showcase plant, our next goal is to scale our operations to industrial size with a first of a kind commercial plant based on our technology," said Samantha Anderson, Co-founder & CEO of DePoly.

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Article Details

Author / Journalist: DePoly

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 14:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 822 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28286836

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 121 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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