- INNOVATION FUND - Guess what? We were selected to receive EU funds 🚀 Would you happen to know what this means for us? The first industrial plant is a bit closer, we can almost see it 🔎 #gr3n #intecsa #MODUS #chemicalrecyling
Intecsa Industrial AND GR3N SA SELECTED TO RECEIVE EUR 35 MILLION IN EU FUNDS FOR TEXTILE AND PLASTICS RECYCLING PROJECT IN SPAIN We at @Intecsa Industrial are thrilled to announce that has been awarded a grant from the EU Innovation Fund of up to EUR 35 million for MODUS, a project aimed at recycling approximately 50,000 tons of textiles and packaging which will allow avoiding over 2 Million tons CO2 during its lifetime. MODUS uses an innovative process based on the application of microwave technology to alkaline hydrolysis depolymerization patented and owned by @GR3N. This process reinvents the life cycle of plastics and textiles, providing a solution for non-recyclable plastics by producing virgin-quality recycled PET/Polyester. This material can be seamlessly integrated into the production lines of packaging and textile manufacturers without compromising their existing facilities or product catalogs. GR3N's flexibility to recycle various materials, along with its unique capability to recycle certain textiles with lower Polyester content, positions the company as a key player in the chemical recycling space to achieve a circular economy. MODUS is the result of more than three years of development leveraging on the long-term strategical alignment of INTECSA and GR3N that has allowed for a robust industrial approach and a profitable and resilient business model. #InnovationFund #MODUS #Intecsa #GR3N #Depolymerization #ChemicalRecycling #PET #Polyester #Textile-to-textile #bottle-to-bottle #changeintextile #changeinplastics