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Heraeus invests for a majority share in PET recycling firm

YarnsandFibers News Bureau 2022-05-12 12:25:01 – Germany

Heraeus Holding GmbH, a Fortune 500 corporation, stated that it has invested significant stock in perPETual Technologies, a PET recycling firm situated in Kleinostheim, Germany.

Heraeus chose to rebrand the firm "revalyu Resources GmbH" in order to pursue worldwide expansion under one brand.

PET (polyethylene terephthalate) is the most prevalent thermoplastic polymer resin of the polyester family and is used in textiles, liquid and food packing containers, thermoforming for manufacturing, and many other consumer items.

Revalyu has created a revolutionary, ecologically sustainable depolymerization technique for recycling post-consumer PET bottles into sustainable esters (monomers), which are the basic chemical building blocks for everything polyester-based. Revalyu's Polymer may be utilized to create high-quality, long-lasting PET goods. In its current production plant in Nashik, India, the firm manufactures filament yarns for the textile industry. It presently employs around 300 individuals.

Jan Rinnert, chairman of the board of managing directors and CEO of Heraeus Holding GmbH, said that revalyu is driven by innovation and fits nicely within their portfolio. According to Rinnert, Heraeus' worldwide strength will offer the funding, infrastructure, and strategic support required to drive revalyu's growth. They intend to grow the company into one of the world's largest and most technologically sophisticated PET recycling firms.

Dr. Vivek Tandon, founder of perPETual Technologies to be renamed revalyu Resources, said that they were the first to recycle PET bottles. They have built the world's most innovative, technology-leading, and environmentally sustainable PET recycling plant in Nashik, India, after several years of hard work by the team and support from our shareholders and customers.

Vikram Nagargoje, co-founder and COO, said that they’ll work closely with Heraeus to swiftly grow their production capacity in India and abroad. Their goal is to recycle 100 million bottles of used PET bottles per day by 2026, which will be a significant step toward tackling the PET waste problem.

Revalyu's technology provides a cost-effective continuous recycling process that successfully eliminates dirt and contaminants, resulting in high purity recycled PET. It also requires 91% less energy and 75% less water than traditional PET polymer production techniques. It may be utilized in any PET manufacturing process.

Dr. Tandon added that revalyu Resources will become the premier worldwide brand for polyester recycling. Their clients no longer have to choose between ambitious environmental goals and excellent quality criteria.

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