Swiss cleantech firm secures Series B funding to build Europe’s first industrial-scale microwave-based PET depolymerisation plant in Spain
LUGANO — Swiss chemical recycler GR3N has closed a €15.5 million ($18m) Series B funding round to advance its patented technology and build a large-scale first of its kind facility capable of recycling polyester textile waste.
Proceeds will fund construction of MODUS, GR3N's first industrial-scale plant, to be built in Spain in partnership with Intecsa Industrial, part of the Cobra IS engineering group.
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