DePoly
Company

Last deal

$10.4M
Local Amount - CHF 12.3M

Amount

Seed

Stage

27.06.2023

Date

4

all rounds

$14.4M

Total amount

General

About Company
EPFL-Valais has developed a technology that chemically recycles PET plastic into its main components.

Industry

Sector :

Subsector :

founded date

01.05.2020

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

DePoly is a spin off out of the LSMO lab at EPFL- Valais that has developed a novel technology allowing for the chemical recycling of PET plastic back to its main two components ethylene glycol (EG) and terephthalic acid (TPA). Our approach turns low valued materials (PET waste) into high-valued chemicals like TPA creating a circular economy. We expect this process to generate revenue from chemically recycling PET to TPA/EG, which can be sold back to industry to make new virgin PET plastic and allowing for a sustainable source of TPA and EG on the market.
Contacts