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August 16.2025

2 Minutes Read

CoolDown°Earth Celebration: NRW Funding Fuels Matterr's Sustainable Vision

Abstract figure symbolizing funding for sustainable business innovation.

CoolDown°Earth’s Exciting Funding Announcement

Düsseldorf/Berlin, August 15, 2025 - In a significant move towards sustainable innovation, CoolDown°Earth celebrates the funding confirmation of its portfolio company, Matterr, under the EFRE/JTF program 'Produktives.NRW.' This initiative was announced by Minister of Economic Affairs and Climate Protection, Mona Neubaur, on August 6 in Düsseldorf. This funding marks a monumental step towards creating a circular economy that aims to transform waste into valuable raw materials.

Transforming Waste into Value

At the heart of Matterr’s mission is its groundbreaking technology that enables the depolymerization of PET — a process that breaks down mixed waste, including difficult-to-recycle materials such as polyester textiles, into high-quality raw materials. With the help of this funding, Matterr plans to construct its second plant, anticipated to start operations by 2027, with a capacity to process 10,000 tonnes annually. This facility will not only innovate recycling practices but also contribute to the region's economic growth and job provision.

A Pioneering Partnership

Wolfgang K. Hoever, founder of CoolDown°Earth, expressed enthusiasm about the collaboration between the non-profit foundation and the state of North Rhine-Westphalia: 'This infrastructure will benefit climate protection and elevate our region as a notable business location.'

The Broader Impact of the Funding

The funding commitment of €30 million represents not just financial assistance but a commitment to modernizing recycling technologies in the region. This aligns with the goals of the Produktives.NRW program, which aims to ensure strategic technologies remain local. Other beneficiaries, such as Greenlyte, indicate a growing trend towards sustainability in business practices, showcasing that environmentally conscious initiatives can yield economic advantages.

Conclusion: A Step Toward Sustainability

As entrepreneurs and small business owners monitor innovations like Matterr, they should recognize the significance of such advancements in driving change in their own ventures. The establishment of sustainable practices is not only a responsibility but a profitable strategy in today’s business landscape. With collaborations like these paving the way, the future looks promising for those who dare to innovate.

Community Impact & Social Entrepreneurship

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CoolDown°Earth Celebration: NRW Funding Fuels Matterr's Sustainable Vision

CoolDown°Earth’s Exciting Funding Announcement

Transforming Waste into Value

A Pioneering Partnership

The Broader Impact of the Funding

Conclusion: A Step Toward Sustainability

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