matterr Secures €63M for Revolutionary Polyester Recycling Plant
matter, a trailblazing company specializing in polyester recovery, has secured a significant funding decision for its innovative recycling plant. The company aims to transform the textile and packaging industries by breaking down polyester into its original primary materials, replacing fossil raw materials in production.
The plant, located in Germany to maintain strategic independence, will use a unique depolymerization process. This method allows for the recycling of textile blends and multilayer packaging that are typically landfilled or incinerated, promoting closed material cycles.
The total investment volume is around 63 million euros, with additional funding sources supplementing state funding. matter's CEO, Melanie Hackler, sees this as a crucial milestone, enabling economic, scalable, and high-quality recycled polyester production. The funds will support the construction of a small industrial plant in North Rhine-Westphalia, with production starting in 2027 and an annual capacity of 10,000 tons of recycled material.
matter's innovative technology and strategic location promise a significant impact on the circular transformation of textile and packaging markets worldwide. With the secured funding, the company is poised to revolutionize the recycling industry and reduce reliance on fossil raw materials.
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