What DePoly does

DePoly SA is a Swiss cleantech company that has developed a proprietary chemical recycling platform to convert post-consumer and post-industrial PET and polyester waste into virgin-grade raw monomers. Founded in 2020 and headquartered in Sion, Valais, the company operates a patented depolymerization process that runs at room temperature and standard pressure using commercially available household chemicals, producing purified terephthalic acid (PTA) and mono ethylene glycol (MEG) that are drop-in replacements for oil-based equivalents. Unlike mechanical recycling, the process accepts unsorted, contaminated, and mixed waste streams — including multilayer packaging and colored textiles — and is reported to cut carbon emissions by up to 66% versus virgin plastic production.

The company monetizes through a B2B enterprise sales motion, selling PTA and MEG monomers, recycled PET pellets, and PET waste-processing services to chemical and polymer companies, bottling and packaging manufacturers, textile and fashion brands, and waste-management firms. Pricing is quote-based under multi-year contracts, and a dedicated commercial team (CCO, two Senior Business Development Managers, and a Global Feedstock Sourcing Manager) engages customers directly across the PET value chain. As of summer 2025, DePoly's first commercial-scale demonstration — a 500-tonne-per-year showcase plant in Monthey, Switzerland — is operational, with a larger commercial plant targeted for 2027.

DePoly has raised approximately CHF 12.3 million (June 2023 seed, led by BASF Venture Capital and Founderful) and $23 million (April 2025 seed), and was selected for the European Innovation Council (EIC) Accelerator in February 2026. The company employs 29 staff across 15 nationalities, is recognized as a 2024 World Economic Forum Technology Pioneer, and won the TOP 100 Swiss Startup Award in 2024 (1st place) and 2025 (2nd place). Its principal commercial reference to date is a completed textile-to-textile circularity project with apparel brand Odlo.

Name

DePoly

Legal name

DePoly SA

Website

https://depoly.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

DePoly is a Swiss cleantech company that uses a patented room-temperature chemical process to depolymerize unsorted, dirty PET and polyester waste into virgin-grade PTA and MEG monomers, selling these to chemical, packaging, and textile enterprises as drop-in fossil-free inputs.

Ownership category

akta.pro rank

Product category

Chemical Recycling

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Petrochemical Manufacturing (325110)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification) (EUAIAKAC)

akta.pro secondary industries

Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis) (IMANAMAD), Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG), Food-Grade & rPET/rHDPE Recycling (Decontamination/SSP, Bottle-to-Bottle) (EUAIAKAD)

Keywords

• Chemical plastic recycling
• PET depolymerization technology
• Recycled monomer production
• Circular polyester materials
• Plastic waste processing

Headquarters

HQ city

Sion

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Raw Materials (PET Waste): DePoly sources PET waste from industrial and post-consumer streams including packaging PET, textiles, and mixed waste rich in PET. They provide waste solutions for companies in the PET supply chain.
2. Monomers (PTA and MEG): Sale of recycled purified terephthalic acid (PTA) and mono ethylene glycol (MEG) as drop-in replacements for virgin oil-based monomers. Works with chemical and polymer companies to replace fossil-based raw materials.
3. Recycled PET: Facilitates production of recycled PET for brands, polymerizers, bottle and packaging manufacturers, yarn producers, and spinners. The team helps meet brand requirements and specifications.
4. Sample Testing Services: Provides sample testing services for companies to determine if their waste is suitable for recycling with DePoly's technology.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

DePoly sells a proprietary chemical recycling technology platform that depolymerizes unsorted, dirty PET and polyester plastic waste at room temperature and standard pressure into virgin-grade raw monomers — Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) — which are sold as drop-in replacements for fossil-based inputs. The company also produces food-grade recycled PET (rPET) pellets for downstream use in bottles, packaging, and textiles, and offers PET waste intake and sample testing services to companies across the PET supply chain.

Product overview

DePoly is a Swiss cleantech company that has developed a proprietary chemical recycling technology platform for PET and polyester materials. The core offering consists of a patented room-temperature depolymerization process that converts unsorted, dirty PET waste and mixed textile streams into virgin-grade raw monomers—Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG). These monomers serve as drop-in replacements for oil-based equivalents and are used to produce Recycled PET (rPET) pellets for bottles, packaging, and textiles. DePoly's product portfolio includes the chemical recycling technology platform itself, the resulting monomer outputs (PTA and MEG), Recycled PET pellets, and waste solutions/services for companies seeking to divert PET waste from landfills and incineration.

Differentiator

Problem solved

Functional benefit

Products and services

• PTA (Purified Terephthalic Acid) — Recycled Monomer Virgin-grade recycled PTA monomer produced through DePoly's patented room-temperature chemical recycling process, sold as a drop-in raw building block for producing new PET and polyester plastics without fossil-fuel inputs. Supplied to chemical and polymer companies.
• MEG (Mono Ethylene Glycol) — Recycled Monomer Virgin-grade recycled MEG monomer produced through DePoly's chemical recycling process, chemically identical to oil-based counterparts and used in PET and polyester production. Sold to chemical and polymer companies as a drop-in replacement for fossil-based MEG.
• Recycled PET (rPET) Pellets Food-grade recycled PET pellets produced from recovered PTA and MEG monomers, enabling circular production of bottles, packaging, and polyester textiles without fossil fuel inputs. Supplied to polymerizers, bottle and packaging manufacturers, yarn producers, and spinners.
• PET Waste Recycling Solutions Waste intake and recycling service for companies in the PET supply chain, accepting unsorted, dirty post-consumer and post-industrial PET waste (bottles, packaging, textiles, mixed streams) and converting it into virgin-grade monomers. Includes global feedstock sourcing and dedicated waste solutions engagement.
• Sample Testing Services Professional service to test customer waste streams and determine whether they are suitable for recycling with DePoly's chemical recycling technology, enabling qualified offtake decisions for prospective enterprise customers.

Quantifiable outcome

• Reduces carbon emissions by up to 66% in the final product compared to virgin plastic production
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major and minor.

• OdlomajorStrategic or Co-development Partner · 23 September 2025Successfully completed InnoBooster-funded innovation project to turn Odlo's production cut-offs from Romania into virgin-quality recycled polyester fabric. Project demonstrated textile-to-textile circularity using DePoly's recycling technology. Supported by Innosuisse grant.
• Fashion for GoodmajorStrategic or Co-development PartnerSelected as one of 12 innovators for the 2023 Fashion for Good Innovation Programme, a nine-month program providing bespoke approach for implementation across the fashion value chain with focus on circular business models and end-of-use solutions.
• FonderfulminorOthersAlex Stöckl from Fonderful serves as an advisor to DePoly.
• MassChallenge SwitzerlandminorOthersDePoly is affiliated with MassChallenge Switzerland accelerator, which has nurtured the company through mentorship, networking, and non-dilutive prize funding of CHF 500,000 in 2023.
• Petcore EuropeminorStrategic or Co-development PartnerDePoly joined Petcore Europe association, engaging with industry stakeholders in PET recycling and circular economy.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ioniqa Technologies: Dutch company that developed a chemical depolymerization process to break down PET waste into virgin-quality monomers, originally spun out from Eindhoven University of Technology. Direct peer in PET chemical recycling with established technology and partnerships.
• Carbios: French biotech company developing enzymatic depolymerization of PET and PLA into monomers, partnered with Indorama Ventures and brands like L'Oréal, Nike, and Patagonia. Most direct competitor to DePoly in chemical/biological PET-to-monomer recycling with brand-backed offtake agreements.
• Loop Industries: Canadian cleantech that has developed a proprietary PET and polyester depolymerization process to produce virgin-quality monomers (MEG and DMT). Direct technological peer to DePoly, focused on the same monomer-output business model.
• Gr3n Recycling: Italian cleantech with a patented alkaline hydrolysis process (DEMETO) for chemical recycling of PET into virgin-grade monomers. Direct peer to DePoly in PET depolymerization, focused on industrializing continuous-flow chemical PET recycling.
• CuRe Technology: Dutch startup providing chemical polyester recycling via a glycolysis depolymerization process, backed by partnerships with major brand owners and resin producers. Direct peer targeting the same polyester-to-monomer circular value chain.
• Plastic Energy: UK/Spanish company operating commercial-scale pyrolysis-based chemical recycling of mixed plastic waste into pyrolysis oil used as feedstock for new plastics. Direct peer in advanced/chemical recycling, though focused on pyrolysis of mixed waste rather than PET-specific depolymerization.

Broad incumbents

• Eastman Chemical Company: US-headquartered specialty chemicals major with Eastman Renew, a commercial-scale methanolysis PET-to-DMT process and other chemical recycling programs for polyesters. Operates broadly across specialty chemicals but directly competes in chemical recycling of PET/polyester feedstocks.
• Indorama Ventures: World's largest PET resin producer with major investments in mechanical and chemical recycling, including a strategic partnership with Carbios. Broad incumbent producing PTA/MEG and PET resin — both a potential customer and competitor to DePoly in circular PET monomers.
• SABIC: Global petrochemicals major (including PTA/MEG production) with TRUCIRCLE portfolio of circular polymers from chemical recycling of mixed plastic waste. Broad incumbent offering both conventional PET-chain products and certified circular polymers that overlap with DePoly's offering.

Emerging players

• Origin Materials: US-listed company developing bio-based and chemically recycled materials including PET precursors, focused on carbon-negative sustainable materials for packaging and textiles. Emerging player with overlapping end markets (PTA/PET alternatives) but using biomass feedstocks rather than waste-stream depolymerization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DePolySA
• Facebookfacebook.com/depoly.sa
• LinkedInlinkedin.com/company/depoly
• Instagraminstagram.com/depoly.sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds6 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DePoly