GR3N

About

GR3N is a Swiss cleantech company headquartered in Chiasso (Lugano area) that has developed MADE (Microwave Assisted DEpolymerisation), a chemical recycling technology for PET and polyester ¹²³. The company claims its process can handle 100% of PET waste streams — including colored, multilayer, and textile-grade material that mechanical recycling typically cannot — while reducing CO₂ emissions by up to 80% compared to virgin PET production ¹². GR3N is using the new funding to build MODUS, described as the world’s first industrial-scale microwave-assisted depolymerisation plant, with planned annual capacity of 40,000 tons, located in Spain and developed in partnership with Intecsa Industrial ¹². The MODUS project has separately secured a €35 million grant agreement under the EU Innovation Fund, with financial close expected in Q4 2027 and commercial operations targeted for Q2 2030 ¹². In conjunction with the round, GR3N appointed Martin Stephan as Chief Executive Officer ²³.