Heraeus Holding GmbH, a global Fortune 500 company, announced it has invested substantial equity to take a majority stake in perPETual Technologies, one of the world’s leading PET recycling companies.
To drive global expansion under one brand, Heraeus decided to rename the company “revalyu Resources GmbH” (“revalyu”).
PET, which stands for polyethylene terephthalate, is the most common thermoplastic polymer of the polyester family and is used in textiles, packaging containers for liquids and foods, thermoforming for manufacturing and many other consumer products.
revalyu has developed a breakthrough and environmentally sustainable depolymerization technology to recycle post consumer PET bottles into sustainable esters (monomers), which is the base chemical building block for anything polyester based. revalyu’s Polymer can be used to manufacture high quality sustainable PET products. Today, the company produces filament yarns for the textile industry in its manufacturing facility in Nashik, India. It currently employs around 300 people.