Gr3n Recycling
Gr3n Recycling (GR3N SA) is a Swiss cleantech company that licenses its patented MADE microwave-assisted depolymerization technology and sells proprietary PEQ reactors to industrial customers in the packaging, textile, and automotive sectors for chemical recycling of PET waste into virgin-quality monomers.
- Company typePrivate
- Founded2011
- HeadquartersChiasso, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Gr3n Recycling does
GR3N SA (Gr3n Recycling) is a Swiss cleantech company that has developed and commercializes MADE (Microwave Assisted Depolymerization), a patented chemical recycling technology using microwave-accelerated alkaline hydrolysis to break PET waste down into its constituent monomers (TPA and MEG). The process can depolymerize 100% of PET waste streams — including colored, opaque, and textile-feedstock inputs with up to 30% non-polyester contaminants — and completes the reaction in under 10 minutes, generating up to 80% fewer CO2 emissions than virgin PET production. The core patent was filed in 2011 and the technology is described as the world's first industrial-scale implementation of microwave-assisted alkaline hydrolysis for PET recycling.
The company's commercial offering combines three revenue streams: licensing of the MADE technology to industrial operators in packaging and textile applications, sale of proprietary PEQ depolymerization reactors, and engineering/technical assistance services spanning FEED (Front End Engineering and Design) through plant start-up. Its flagship initiative is MODUS, a 40,000 tonnes-per-year industrial-scale plant being built in Spain in joint venture with Intecsa Industrial, supported by up to €35 million from the EU Innovation Fund. Commercial operation has been pushed to Q2 2030 from an original 2027 target, with financial closure targeted for Q4 2027. The customer base is enterprise industrial (packaging producers, textile manufacturers, automotive) reached through direct enterprise field sales and strategic partnerships including Alcantara S.p.A. for automotive textile upcycling.
Gr3n is headquartered in Chiasso, Switzerland (administration, engineering, sales), operates an R&D and demo-plant facility in Albese con Cassano, Italy, and runs a manufacturing partnership in Spain. Founded in 2011 by Dr. Maurizio Crippa and Dr. Matteo Parravicini, the company has raised approximately €30 million+ across equity (Series A in 2017 and €15.5M Series B in June 2026 led by 360 Capital) and non-dilutive sources (EU Innovation Fund, EIC). In June 2026, founder Maurizio Crippa was replaced as CEO by Martin Stephan to lead the company into its commercialization phase.
Gr3n Recycling firmographics
Firmographics- Name
- Gr3n Recycling
- Legal name
- GR3N SA
- Website
- https://gr3n-recycling.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Gr3n Recycling (GR3N SA) is a Swiss cleantech company that licenses its patented MADE microwave-assisted depolymerization technology and sells proprietary PEQ reactors to industrial customers in the packaging, textile, and automotive sectors for chemical recycling of PET waste into virgin-quality monomers.
- Ownership category
- akta.pro rank
Gr3n Recycling industry classification
Industry- Product category
- Chemical PET Recycling Technology
- NAICS
- Plastics Material and Resin Manufacturing (325211)
- akta.pro primary industry
- Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification) (EUAIAKAC)
Keywords
Where Gr3n Recycling is headquartered
LocationHeadquarters
- HQ city
- Chiasso
- HQ country
- Switzerland
- HQ region
- Europe
Offices3 records
Markets served
Gr3n Recycling business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Technology Licensing: GR3N licenses its MADE technology for both packaging and textile applications. The company grants licenses to industrial operators who want to deploy the chemical recycling technology.
- PEQ Equipment Sales: GR3N engineers and produces proprietary equipment (PEQ) - depolymerization reactors that implement the alkaline hydrolysis reaction to decompose PET waste into its composing monomers.
- Technical Assistance Services: Provides support, training and supervision from FEED (Front End Engineering and Design) through plant start-up, including basic engineering and process design packages.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Gr3n Recycling product offering
Product offeringCore offering
GR3N has developed the MADE (Microwave Assisted Depolymerization) process, which uses microwave-accelerated alkaline hydrolysis to break down any PET or polyester waste into its core monomers PTA and MEG for infinite re-polymerization. The company licenses its MADE technology to packaging and textile industrial customers, engineers and produces proprietary PEQ depolymerization reactors, and provides technical assistance from FEED through plant start-up. Its flagship MODUS project in Spain is the world's first industrial-scale plant applying this technology, with 40,000 tonnes per year capacity.
Product overview
GR3N is a cleantech company offering a portfolio of products and services centered on its proprietary MADE (Microwave Assisted Depolymerization) technology for chemical PET recycling. The core offering consists of: MADE technology licensing for both packaging and textile industries, PEQ (Proprietary Equipment) - their depolymerization reactor, and engineering/technical assistance services. The flagship initiative is MODUS, the world's first industrial-scale microwave-assisted PET depolymerization plant in Spain with 40,000 tonnes per year capacity. The technology breaks down any type of PET and polyester plastic into PTA and MEG monomers for infinite recycling loops.
Differentiator
Problem solved
Functional benefit
Products and services
- MADE (Microwave Assisted Depolymerization) Patented chemical recycling technology that uses microwave-accelerated alkaline hydrolysis to depolymerize PET and polyester waste into PTA and MEG monomers, handling up to 30% contaminants and producing virgin-quality output with up to 80% fewer CO2 emissions than virgin PET.
- MODUS industrial plant World's first industrial-scale microwave-assisted PET depolymerization plant being built in Spain in partnership with Intecsa Industrial, designed to process 40,000 tonnes per year of textiles and packaging.
- PEQ (Proprietary Equipment) Proprietary depolymerization reactor engineered and produced by GR3N that implements the alkaline hydrolysis reaction to decompose PET waste into its composing monomers PTA and MEG.
- MADE Technology Licensing Licensing of GR3N's MADE technology to industrial operators in the packaging and textile industries, with separate tracks because treating PET packaging differs from treating polyester textiles.
- Engineering and Technical Assistance Services Front End Engineering and Design (FEED), basic engineering, process design packages, plant construction supervision and technical support, training and supervision from FEED through plant start-up for licensees implementing MADE technology.
Quantifiable outcome
- 80% fewer CO₂ emissions compared to virgin PET production
- +3 more outcomes
Companies that use Gr3n Recycling
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Gr3n Recycling technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Gr3n Recycling partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, minor and flagship.
- Alcantara S.p.A.coreMOU signed for collaboration on upcycling PET plastic and polyester fiber waste into virgin-quality PET using MADE technology. After positive tests at pilot scale, the companies intend to collaborate on recovering end-of-life feedstock and production waste for automotive industry applications.
- PETCORE EuropeminorGR3N is a member of PETCORE Europe, an industry association focused on PET recycling and circular economy.
- Chemical Recycling EuropeminorGR3N is a member of Chemical Recycling Europe, an industry association promoting chemical recycling technologies.
- Accelerating CircularityminorGR3N is a member of Accelerating Circularity, an initiative focused on advancing circular economy solutions.
- Intecsa IndustrialflagshipBinding MOU signed to set up a Joint Venture for building the First-of-a-Kind (FOAK) MODUS manufacturing facility with 40,000 ton annual capacity. Intecsa Industrial is both a shareholder and industrial engineering partner, having performed basic engineering of the industrial plant. The partnership combines GR3N's technology with Intecsa's industrial plant expertise.
- DEMETO ConsortiumminorDEMETO was a European Project under Horizon 2020 with 13 partners from across Europe sharing the common vision of deploying GR3N's technology. This partnership helped advance the technology development and provided EU funding.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Gr3n Recycling competitors and assessment
Company assessmentBroad incumbents
- Veolia: Global environmental services and waste management incumbent with significant plastics recycling operations across Europe. Broad incumbent touching the same feedstock collection and recycled-PET demand, with broader portfolio that includes mechanical recycling rather than depolymerization.
- Indorama Ventures: One of the world's largest PET producers with significant mechanical and chemical recycling capacity (and a Carbios JV partner). Broad incumbent serving the same packaging and textile customers GR3N targets, with established customer relationships and PET resin scale.
- Suez: Major European environmental services and water/waste management player with plastics recycling activities. Broad incumbent relevant to GR3N as both a potential customer (operating recycling facilities) and competitive force in European circular-economy infrastructure.
- Eastman Chemical: Global specialty chemicals and plastics incumbent operating Eastman Renew polyester renewal technology using methanolysis to depolymerize PET waste into monomers. Broad incumbent competing in chemical PET recycling with greater scale and capital, but covering a wider portfolio beyond recycling.
Direct peers
- Ioniqa Technologies: Dutch startup developing proprietary chemical depolymerization technology to convert PET waste (including colored and multilayer) into virgin-quality monomers. Direct peer offering a comparable PET-to-monomers recycling technology with similar licensing intent.
- Jeplan (PET Refine Technology): Japanese company operating chemical depolymerization of PET into monomers (BHET process) for bottle-to-bottle recycling. Direct competitor focused on PET chemical recycling with both domestic and international licensee aspirations similar to GR3N.
- Carbios: French cleantech company using enzymatic depolymerization to break PET waste into monomers for re-polymerization. Direct competitor to GR3N's MADE in chemical PET recycling, targeting packaging and textile customers with similar licensing and reference-plant model (Longlaville plant with Indorama).
- Loop Industries: Canadian-based company with a proprietary low-energy depolymerization process that breaks down PET and polyester waste into monomers. Direct competitor in chemical PET/textile-to-monomer recycling, targeting brand and packaging customers.
Emerging players
- Aquafil: Italian textile and synthetic fiber company with ECONYL chemical regeneration process for nylon, and expanding into polyester recycling. Comparable in targeting textile manufacturers with chemically recycled polymers serving automotive and apparel end markets.
- Re&Up (Shahi Exports): Turkey-based subsidiary of Shahi Exports focused on textile-to-textile polyester and cotton recycling. Emerging player in the same textile circularity space GR3N targets with MADE, particularly for apparel and home textile feedstock.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Gr3n Recycling social profiles
Digital presenceGr3n Recycling compliance and trust
Trust signalCompliance2 records
Gr3n Recycling financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gr3n Recycling leadership team
Management profileNumber of profiles
Profiles6 records
Gr3n Recycling funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gr3n Recycling M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gr3n Recycling
What does Gr3n Recycling do?
GR3N has developed the MADE (Microwave Assisted Depolymerization) process, which uses microwave-accelerated alkaline hydrolysis to break down any PET or polyester waste into its core monomers PTA and MEG for infinite re-polymerization. The company licenses its MADE technology to packaging and textile industrial customers, engineers and produces proprietary PEQ depolymerization reactors, and provides technical assistance from FEED through plant start-up. Its flagship MODUS project in Spain is the world's first industrial-scale plant applying this technology, with 40,000 tonnes per year capacity.
Is Gr3n Recycling a public or private company?
Gr3n Recycling is a private company. It is classified as venture growth investor backed and is currently operating.
When was Gr3n Recycling founded?
Gr3n Recycling was founded in 2011. It employs 11 to 50 people.
Where is Gr3n Recycling based?
Gr3n Recycling is headquartered in Chiasso, Switzerland, in the Europe region.
How does Gr3n Recycling make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are PEQ Equipment Sales and technical Assistance Services.
Who are Gr3n Recycling's main competitors?
Broad incumbents on record are Veolia, Indorama Ventures, Suez and Eastman Chemical. Direct peers are Ioniqa Technologies, Jeplan (PET Refine Technology), Carbios and Loop Industries. Emerging players are Aquafil and Re&Up (Shahi Exports).
Does Gr3n Recycling have an API?
No public API is recorded for Gr3n Recycling.
What industry is Gr3n Recycling in?
Gr3n Recycling's product category is Chemical PET Recycling Technology. Its primary akta.pro industry code is EUAIAKAC, Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification). Its NAICS code is 325211.