GR3N
Swiss cleantech building MODUS, an industrial plant to recycle complex PET and polyester into food-grade monomers.
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Podcast Episode
🎙️ Deep Dive
Innovafeed, GR3N, Resand — circular industrialisation for proteins, PET and foundry sand — Daily News June 5, 2026
Listen to the episodeAbout GR3N
GR3N develops MADE, Microwave Assisted Depolymerisation, a patented technology for chemically recycling PET and polyester, including difficult materials such as textiles, films, coloured resins and contaminated streams. The €15.5M Series B will accelerate MODUS, a 40,000-ton-per-year first-of-a-kind plant in Spain. The MADE technology and MODUS plant, based on microwave-assisted PET depolymerisation, target packaging, beverage and textile-fashion supply chains, competing with players such as Carbios and Loop Industries in chemical recycling. The €15.5M Series A funds industrial scale-up.
The Story
Founded in 2013, GR3N was created to overcome the limitations of mechanical PET recycling through chemical depolymerisation.
How GR3N works
Business Model
B2B industrial cleantech for PET recycling, textile waste and packaging/fashion supply chains.
Revenue Model
Not verified; likely revenue from plants, technology licensing, industrial partnerships and sales of recycled outputs.
Products & Services
Key Products
- MADE
- MODUS plant
- Microwave-assisted PET depolymerisation technology
Core Use Cases
- PET chemical recycling
- Textile waste recycling
- Food-grade recycled monomers
- Packaging circularity
- Fashion circularity
Market & Clients
Key Customers
Packaging, beverage, textile and fashion supply chains; specific customers not disclosed.
Geographic Presence
How GR3N competes
Competitors
Competitive Advantages
- Microwave-assisted depolymerisation
- No feedstock limitations claim
- Food-grade monomer output
- Patent families on process and equipment
- FOAK plant with EU Innovation Fund support
How GR3N grows
Growth Strategy
Build MODUS in Spain, reach financial close in Q4 2027 and commercial operation in Q2 2030.
Distribution Model
Industrial plant development, technology licensing and partnerships with recycling, packaging and textile value chains.
Moat (Defensibility)
Patented depolymerisation process, proprietary equipment, industrial plant execution and partnerships for MODUS.
Regulatory Context
Relevant to EU Packaging and Packaging Waste Regulation, recycled content mandates, waste management regulation and industrial permitting.
Key Risks
- First-of-a-kind plant execution risk
- Long financing and permitting timeline
- Competition from other chemical recycling technologies
- Feedstock sourcing complexity
- Need to prove unit economics at industrial scale
Strategic Insights
- Regulation-driven demand for recycled content creates real industrial pressure.
- Textile waste is one of the major unsolved frontiers of the circular economy.
- Moving to a first-of-a-kind plant is the decisive step between technology and market.
Funding & Investors
Funding Rounds
- 2026 - Series B: €15.5M
Lead: 360 Capital
Key Investors
Founding Team
Key Executives
- Martin Stephan - CEO
Key Metrics
Lessons from GR3N
- In climate hardware, the real test is building an operating plant, not just proving the chemistry.
- EPC and industrial partnerships are part of the product.
- Regulation and brand demand can accelerate seemingly slow markets.
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