Hyeonmyeong
Oh
ab,
Ye Chan
Lee
a,
Inhui
Lee
ab,
Yuri
Choi
ab,
Jiyeong
Kim
ab,
Hyeongoo
Kim
ab,
Kwang Min
Kim
ab,
Yoonjeong
Jo
a,
Kwangjin
An
ac,
Tae Hoon
Oh
*ac and
Jungki
Ryu
*abcd
aSchool of Energy and Chemical Engineering, Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea. E-mail: jryu@unist.ac.kr; oh.taehoon@unist.ac.kr
bEmergent Hydrogen Technology R&D Center, Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea
cGraduate School of Carbon Neutrality, Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea
dCenter for Renewable Carbon, Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea
First published on 5th January 2026
Polyethylene terephthalate (PET) is a primary target for chemical plastic recycling due to its widespread use and relatively weak ester bonds in its structure. However, conventional PET depolymerization methods—such as alkaline hydrolysis, glycolysis, and methanolysis—are energy-intensive and require complex separation steps, which increase both costs and environmental impact. This study introduces a polyoxometalate-based recycling process to address these limitations. Under mild conditions (100 °C and low pressure in aqueous solution), polyoxometalates catalyze the depolymerization of PET via acid hydrolysis, producing high-purity terephthalic acid (TPA) and ethylene glycol (EG) as solid and liquid products, respectively. EG is further oxidized by polyoxometalates to yield valuable compounds such as glycolic acid and formic acid, while simultaneously storing electrons. Under optimized conditions, EG oxidation achieves high selectivity (∼85%) toward formic acid. The stored electrons can be utilized for low-energy hydrogen production (125 mA cm−2 at 1.2 V) or electricity generation (12.5 mW cm−2 at 0.05 V). Crucially, our techno-economic analysis reveals that this approach, which combines revenue from high-purity TPA and valorized co-products, is cost-competitive and has the potential to supply TPA at a price lower than that of the virgin material. This work presents a technically robust and economically viable pathway toward a circular economy for plastic waste.
Green foundation1. This work advances green chemistry by introducing a mild, energy-efficient PET depolymerization process using multifunctional polyoxometalate catalysts, which avoids harsh conditions and simplifies product separation compared to conventional methods.2. Our specific achievement is the selective recovery of high-purity terephthalic acid and concurrent valorization of ethylene glycol into formic acid with ∼85% selectivity, while simultaneously extracting electrons for hydrogen production or electricity generation. This integration of chemical recycling and electrochemical energy recovery represents a dual benefit in resource efficiency and sustainability. 3. Future research could make the process greener by further optimizing solvent recovery, scaling catalyst regeneration cycles, and coupling with renewable-powered electrochemical systems, thereby lowering the environmental footprint and enabling broader application to mixed or colored plastic waste. |
Among various types of plastics, polyethylene terephthalate (PET) has become a primary target for chemical recycling due to its wide-ranging applications and high recyclability. PET is one of the most widely used plastics, following polypropylene and polyethylene, due to its excellent durability and transparency.5 Moreover, PET is more readily depolymerized than polyolefins, as its ester linkages have much lower bond dissociation energies (290 kJ mol−1) compared to the C–C and C–H bonds in polyolefins (372 and 410 kJ mol−1).6 Consequently, several promising depolymerization methods have been investigated, including glycolysis, methanolysis, alkaline hydrolysis, and enzymatic degradation (Fig. S1–S5, SI, and Table 1). However, these methods still present significant challenges for practical implementation. For example, enzymatic depolymerization can be conducted under mild conditions but suffers from slow kinetics and enzyme instability.7 Methanolysis and glycolysis require high temperatures and consume equimolar amounts of additional chemicals, such as methanol and ethylene glycol (EG). While alkaline hydrolysis proceeds rapidly at relatively low temperatures, it requires strong bases. More critically, these approaches often face significant difficulties in product separation, necessitating energy-intensive distillation or acidification steps that increase operational complexity and cost (Table 1).3,8 Therefore, there is a critical need for innovative methods for PET chemical recycling that can operate under mild conditions while minimizing energy-intensive separation processes. To address this challenge, a variety of homogeneous and heterogeneous catalysts—such as metal oxides, solid acids, ionic liquids, and polyoxometalates—have been investigated for catalytic depolymerization via hydrolysis or glycolysis.9,10 While these catalytic systems often outperform non-catalytic routes, many still require elevated temperatures (>150 °C), exhibit limited tolerance to real-world feedstocks, or suffer from catalyst deactivation or leaching.11 These limitations underscore the need for catalytic systems that combine mild reaction conditions, robustness, and facile product separation.
| Method | Solvent | Temperature | Conversion rate | Resource consumption | Products | Separation complexity |
|---|---|---|---|---|---|---|
| Abbreviations: TPA, terephthalic acid; EG, ethylene glycol; GA, glycolic acid; FA, formic acid; BHET, bis(hydroxyethyl) terephthalate; DMT, dimethyl terephthalate. | ||||||
| PMA hydrolysis (this study) | 1 M H2SO4 in H2O | 100 °C | 90%, 2 h | H2O | TPA, EG, GA, FA | Simple (solid–liquid separation) |
| Glycolysis12 | EG | 180 °C | 83–100%, 2–3 h | EG | BHET | Complex (recrystallization of BHET and distillation of excess) |
| Methanolysis13 | Methanol | 190 °C | 90%, 2.5 h | Methanol | DMT, EG | Complex (DMT extraction by dichloromethane and methanol distillation) |
| Alkaline hydrolysis14 | ∼5 M NaOH | 90–100 °C | 100%, 1 h | NaOH, H2SO4 | TPA, EG | Complex (acidification for TPA precipitation) |
| Enzymatic degradation15 | H2O | 50 °C | 50%, 48 h | H2O | TPA, EG | Simple (filtration of solid TPA, no solvent separation) |
In this study, we report an efficient method for the depolymerization and utilization of waste PET using phosphomolybdic acid (PMA) as a multifunctional catalyst. Due to its high acidity, PMA enables efficient PET depolymerization via acid hydrolysis under mild conditions (100 °C and low pressure), producing terephthalic acid (TPA) and EG. TPA is readily protonated and precipitated, allowing for high-purity separation through simple filtration. Meanwhile, EG is further oxidized by PMA to produce formic acid (FA) with high selectivity (∼85%) via intermediate glycolic acid (GA). Notably, 15.82 mmol of electrons are extracted and stored in PMA per gram of PET. These stored electrons can readily be released on demand, enabling low-energy hydrogen production (125 mA cm−2 at 1.2 V) via electrolysis and electricity generation (peak power density of 12.5 mW cm−2 at 0.05 V) using redox fuel cells. Because TPA precipitates are easily separated and EG—typically difficult to isolate—is electrochemically utilized, this approach reduces complex separation steps and the need for additional chemicals. Techno-economic analysis shows that this approach can be economically viable by combining revenue from high-purity TPA, hydrogen, and valorized co-products, suggesting the potential to supply TPA at a price lower than that of its virgin counterpart. This study presents a promising strategy for effective PET chemical recycling, integrating electrochemical valorization and offering a sustainable solution aligned with global circular economy and environmental sustainability goals.
![]() | ||
| Scheme 1 Comparison of various PET depolymerization methods in terms of reaction pathway, products, and separation strategies. | ||
To evaluate this hypothesis, we conducted depolymerization experiments using reagent-grade PET pellets in a 0.5 M PMA solution (dissolved in H2SO4) (Fig. 1a). The PET pellets, with a diameter of 3 mm, were first tested at 200 °C—a typical temperature commonly used in conventional PET depolymerization methods. In the absence of PMA, only ∼20% of PET was decomposed after 3 h. In contrast, 1 g of PET was completely depolymerized within 1 h with PMA, yielding TPA as a solid precipitate and EG as the primary liquid product. Lowering the temperature to 175 and 150 °C increased the reaction time required for complete depolymerization to ∼2.5 and ∼3 h, respectively. No significant depolymerization occurred at 100 °C under the same conditions. From these results, the activation energy for PMA-catalyzed PET depolymerization was determined to be 75.2 kJ mol−1 (Fig. S6, SI), which is considerably lower than the values reported for conventional PET depolymerization methods (approximately 83–125 kJ mol−1), most of which require operation at 200 °C.20,21
To further reduce the reaction temperature, we employed a combination of a cryo-milling process and dimethyl sulfoxide (DMSO) as a co-solvent. The extremely low solubility of PET in aqueous solution (e.g., <0.01 wt% in 1 M H2SO4 at 100 °C) limits effective interaction between the catalyst and the polymer substrate. To address this, reagent-grade PET pellets were cryo-milled to reduce their particle size from 3 mm to <425 µm (equivalent to 40 mesh), which significantly enhanced PET depolymerization—from 0.0 to 68.2% after 5 h at 100 °C. To optimize reaction efficiency, we identified DMSO as the most suitable co-solvent after screening several alternatives (e.g., NMP, DMF). While these other solvents yielded poor PET conversion (<20%) due to oxidative degradation by PMA (Fig. S7, SI), DMSO exhibited superior chemical stability under the reaction conditions. The addition of 50 vol% DMSO—an electrochemically stable solvent (Fig. S8, SI) known to promote PET swelling—markedly enhanced mass transfer of PET.22 At 100 °C, approximately 0.1–0.5 wt% of the polymer was observed to dissolve or disperse into the liquid phase (compared with the <0.01 wt% without DMSO), enabling near-complete depolymerization (∼95% after 3 h and ∼100% after 5 h). Partial depolymerization was also achieved even at 50 °C (Fig. 1b and c). Notably, PET depolymerization in a water–DMSO mixture was also feasible without cryo-milling, although at a slower rate (Fig. S9, SI). The activation energy for PET depolymerization in the water–DMSO mixture was calculated to be 70.95–72.90 kJ mol−1 (Fig. S10, SI). Furthermore, experiments using PET powders with different particle-size distributions revealed a strong dependence on particle size: depolymerization efficiency decreased markedly as the particle size increased (Fig. S11, SI). These results confirm that maximizing the available surface area—via fine milling—is essential for achieving efficient hydrolysis under the mild heterogeneous conditions employed in this work. The PMA-based PET depolymerization method was also effective for commercial PET bottles in various forms (Fig. 1b). The consistent performance observed for both reagent-grade pellets and post-consumer bottle waste indicates that the process is robust to feedstock variability, including differences in molecular weight, intrinsic viscosity, additives, and crystallinity. Based on these results, all subsequent experiments were conducted using cryo-milled PET and DMSO as a co-solvent.
Interestingly, a distinct color change from yellow to blue was observed after the reaction, indicating the reduction of PMA (Fig. 1d). This change was accompanied by an off-stoichiometric ratio between depolymerized PET and its products—TPA and EG (e.g., 1.00
:
0.98
:
0.43), suggesting further transformation of EG. In addition to EG, GA and FA were detected as liquid-phase products (Fig. S12, SI); the detailed product distribution will be discussed in a later section. These observations indicate that following acid hydrolysis23 of PET into TPA and EG, the EG undergoes oxidation, which is coupled with the reduction of PMA.
To elucidate the depolymerization mechanism, we first investigated the role of PMA in the acid hydrolysis of PET. Quartz crystal microbalance (QCM) analysis revealed that PMA strongly adsorbs onto PET surfaces at room temperature, whereas H2SO4 exhibits negligible adsorption (Fig. 2a). Notably, the adsorption of PMA was further enhanced in acidic environments (e.g., 1 M H2SO4) compared to neutral deionized (DI) water.24 To probe the structural changes of PET under slow reaction conditions, we conducted ex situ Raman spectroscopy on PET samples before and after treatment with PMA at 50 °C for 3 h (Fig. 2b). While treatment with H2SO4 alone resulted in minimal spectral changes, the combination of PMA and H2SO4 led to a marked decrease in the C
O stretching peak at 1717 cm−1 and the appearance of an additional peak at 1646 cm−1. The latter is attributed to the hydrogen bonding involving ester linkages in PET.25,26 The absence of this hydrogen bonding signature in PET samples treated only with aqueous H2SO4 solution suggests that the interaction is specific to protonated PMA, which forms hydrogen bonds with the ester linkages in PET.
Based on these results, we further investigated the effect of PMA's protonation state on PET depolymerization (Fig. 2c). To modulate the protonation level, PMA was dissolved in H2SO4 solutions of varying concentrations. Given the known pKa values of PMA (0.3, 1.6, and 2.2), the fraction of its protonated species—PMo12O403−, HPMo12O402−, H2PMo12O40−, and H3PMo12O40—can be readily estimated as a function of H2SO4 concentration.27 As the acid concentration increased, PMA underwent progressive protonation, predominantly forming HPMo12O402− and H2PMo12O40−. Notably, when PMA was primarily in the fully deprotonated PMo12O403− form, it exhibited negligible catalytic activity. In contrast, PET depolymerization activity increased significantly with the concentration of the mono-protonated HPMo12O402− species. It is worth noting that H2PMo12O40− and H3PMo12O40 exhibited much lower solubility than HPMo12O402−, potentially limiting their catalytic applicability.
To directly confirm the role of protonated PMA in PET hydrolysis, we conducted depolymerization experiments using deuterium-substituted HPMo12O402− (i.e., DPMo12O402−). As shown in Fig. 2d, 1H NMR analysis of the resulting terephthalic acid revealed deuterium incorporation (DOOC–C6H4–COOD), as evidenced by the absence of proton signals corresponding to the carboxyl acid group. These results confirm that hydrolysis proceeds via direct proton transfer from PMA to the ester linkages of PET.
Taken together, the findings suggest that PMA-catalyzed PET depolymerization proceeds via adsorption of partially protonated PMA onto the PET surface through hydrogen bonding, followed by acid-catalyzed ester bond cleavage. However, the continuous decline in EG concentration and concurrent increase in electron extraction over time indicate that additional reactions between PMA and PET-derived products are also occurring.
To elucidate the secondary reactions responsible for EG oxidation and electron extraction following PET hydrolysis, we monitored the concentration profiles of key reactants and products—depolymerized PET (in terms of monomer equivalents), TPA, EG, GA, FA, and extracted electrons—during depolymerization at 100 °C (Fig. 3a). Depolymerized PET and the produced TPA were quantified gravimetrically, while EG, GA and FA were analyzed via liquid chromatography. The number of extracted electrons was determined spectrophotometrically, based on the colorimetric change of PMA depending on its redox state. Within 1 h, TPA and EG were produced in nearly equimolar amounts relative to depolymerized PET (TPA: 1.30 mmol; EG: 1.26 mmol), whereas GA, FA, and extracted electrons remained negligible. As the reaction progressed, a decline in EG concentration was observed, accompanied by the formation of GA and FA. For instance, after 3 h, GA and FA concentrations reached 0.14 mmol and 2.63 mmol, respectively, with the total extracted electrons reaching 8.34 mmol. Notably, the molar ratio between depolymerized PET and TPA remained nearly constant throughout the reaction, indicating the chemical stability of TPA under these conditions despite the strong oxidizing power of PMA (Fig. S13, SI).
To further validate this oxidative transformation of EG observed during PET depolymerization, we performed a series of model reactions using individual PET-derived intermediates under identical conditions (0.5 M PMA at 100 °C). EG (5.2 mmol)—corresponding to the theoretical amount derived from 1 g of PET—was initially oxidized to GA (1.58 mmol at 2 h), which was subsequently converted to FA (2.13 mmol) (Fig. 3b), resulting in a total of 12.8 mmol of extracted electrons. To further investigate the GA-to-FA conversion pathway, we examined the oxidation of GA (5.2 mmol) under the same conditions for 2 h. During this period, 4.7 mmol of GA were consumed, yielding 8.4 mmol of FA and 9.5 mmol of extracted electrons (Fig. 3c). In contrast, oxidation of FA alone resulted in minimal electron extraction (0.2 mmol at 2 h; Fig. S14, SI), showing that FA is highly resistant to PMA-mediated oxidation. Although FA can undergo a much slower, non-oxidative, acid-catalyzed decomposition (e.g., by H2SO4) into CO and H2O over extended reaction times, this pathway contributes negligibly to the overall redox conversion.28 Control experiments using reduced PMA (PMAred) confirmed that PET hydrolysis can still proceed in a strongly acidic reaction medium (1 M H2SO4) (Fig. S15a, SI), but the intermediates EG and GA remain unoxidized in the absence of PMAox (Fig. S15b and c, SI). These results demonstrate that Brønsted-acid-catalyzed hydrolysis and PMA-mediated oxidation are mechanistically distinct steps and validate that the oxidative valorization pathway is driven exclusively by the oxidized form of PMA. Furthermore, electrochemical measurements of electrolytes containing only EG, GA, and FA (i.e., without PMA) showed negligible anodic current, validating that these organic products are electrochemically stable and are not oxidized during the PMA regeneration step (Fig. S16, SI).
Based on these results, we propose a reaction pathway for PET depolymerization and subsequent oxidative transformation mediated by PMA (Fig. 3d). Initially, PET undergoes acid hydrolysis catalyzed by PMA, producing TPA and EG. While the TPA remained chemically stable under the reaction conditions, the EG is sequentially oxidized to GA and then to FA. The oxidations of EG to GA and GA to FA involve the transfer of four and two electrons, respectively, resulting in a total of six electrons generated per EG molecule oxidized to FA.29 The oxidation of FA proceeds at a much slower rate compared to that of EG and GA, contributing minimally to electron extraction. Through this stepwise oxidative conversion of PET-derived intermediates, PMA functions as an effective electron acceptor, facilitating simultaneous PET depolymerization and electron extraction. In contrast, reduced PMA exhibits no catalytic activity for the oxidation of EG, GA, and FA, confirming its essential role as a redox-active species in the reaction cycle.
Based on the proposed reaction pathway, we hypothesized that product selectivity—particularly towards FA—could be further enhanced by controlling the stoichiometric ratio between PET and PMA. Since FA is produced through the sequential oxidation of EG and GA, which involves the concurrent reduction (and thus deactivation) of PMA, a limited amount of PET relative to PMA could favor higher FA selectivity. Furthermore, given that FA oxidation is significantly slower than that of EG and GA, selective accumulation of FA is possible under optimized conditions. To test this hypothesis, we systematically varied the initial PET-to-PMA ratio by adjusting the amount of PET from 1 g down to 0.1 g, while keeping the PMA concentration constant. This approach allowed us to modulate the extent of PMA reduction and, consequently, the product distribution. As anticipated, under the optimized conditions of 0.1 g of PET and 5 mmol of PMA, we achieved a high FA selectivity of approximately 85%, thereby validating our hypothesis and demonstrating the tunability of the oxidative product pathway through stoichiometric control.
Building upon the successful PMA-catalyzed depolymerization of PET—which not only produces valuable TPA but also extracts electrons through the oxidation of EG—we next explored the practical applications of harnessing the extracted electrons for energy conversion (Fig. 4). The overall concept, illustrated schematically in Fig. 4a, involves the selective recovery of solid TPA for chemical recycling and repolymerization into PET, while the reduced form of PMA (PMAred) carrying the extracted electrons is utilized in electrochemical systems.30 These systems include electrolyzers for hydrogen production and vanadium redox fuel cells for electricity generation, thereby integrating plastic waste recycling with sustainable energy technologies.
The viability of the chemical recycling loop was first confirmed through the successful recovery and reuse of TPA. High-purity TPA was readily isolated by simple filtration and its chemical identity was verified by comparative 1H NMR spectroscopy (Fig. 4b), which showed excellent agreement between TPA recovered from PET bottles and commercial-grade TPA. Notably, this process was also effective even for colored PET waste, yielding white, high-purity TPA. This result highlights the intrinsic decolorization capability of the PMA-based system—an important advantage over conventional recycling methods that often struggle with pigment contamination.31 The recovered TPA was subsequently re-polymerized into PET via esterification with EG followed by polycondensation. Fourier transform infrared (FT-IR) spectroscopy (Fig. 4c) confirmed the success of this process. The spectra clearly showed the formation of key ester functional groups: C
O stretching at ∼1715 cm−1 and C–O stretching at ∼1240 cm−1, closely matching the spectra of a commercial PET reference.32 Furthermore the broad O–H stretching band centered around 3400 cm−1—prominent in the intermediate bis(2-hydroxyethyl) terephthalate (r-BHET)—was significantly diminished in the r-PET spectrum.33 This disappearance of the O–H signal, coupled with the emergence of ester peaks, provides strong evidence for successful polycondensation and confirms the high quality of the re-synthesized PET, demonstrating the full recyclability of the TPA recovered via the PMA-based depolymerization process.
Notably, the reduced overpotential observed during hydrogen production originates from the chemical energy stored in PMAred, which accumulates during the exothermic oxidation of EG and GA. During electrochemical regeneration, this stored chemical energy is released, thereby lowering the external electrical energy required to sustain hydrogen evolution. As a result, the system delivered a stable current density of ∼125 mA cm−2 at 1.2 V, with a consistently high faradaic efficiency exceeding 95% (Fig. 4d). This operating voltage is substantially lower than that required for conventional overall water splitting, which typically exceeds 1.5–1.6 V at 10 mA cm−2, thus demonstrating significant energy savings enabled by coupling of organic oxidation with hydrogen production.34,35 Theoretically, this translates to a reduction in energy consumption from the conventional ∼50 kWh kg−1 H2 benchmark to ∼31.9 kWh kg−1 H2, enhancing the economic feasibility of integrating PET recycling with low-energy hydrogen production.36 This approach yields ∼7.91 mmol of H2 per gram of PET. As an alternative energy conversion route, direct electricity generation was demonstrated using a vanadium redox fuel cell powered by the electrons extracted during PET depolymerization.37 The fuel cell achieved a peak power density of ∼12.5 mW cm−2 at 0.05 V and exhibited stable operation over 3 h, as shown in the polarization and power density curves (Fig. 4e and Fig. S17, SI). Together, these results highlight the dual benefits of the PMA-catalyzed system: enabling closed-loop chemical recycling of PET and harnessing the associated redox chemistry for electrochemical energy recovery.
To evaluate the practical and economic viability of the proposed PMA-catalyzed PET recycling process, we conducted a preliminary techno-economic analysis (TEA) based on an annual PET-waste processing capacity of 35
000 metric tons. This scale was chosen to reflect the throughput of commercially operating PET recycling facilities in South Korea,38 thereby providing a realistic and industry-relevant benchmark for evaluating the performance and feasibility of the proposed process. This analysis aimed to calculate the minimum selling price (MSP) of the produced TPA and identify the key economic drivers for the integrated system. The economic viability of the entire process, as outlined in the block flow diagram, was assessed (Fig. S18, SI). All detailed assumptions for this analysis, including material prices, utility costs, and financial parameters, are provided in the SI (Tables S1–S5, SI).
Given a daily treatment of 96 metric tons of PET waste—based on a batch size of 10 tons, processed every 2 h with a capacity factor of 0.8—an analysis of the process economics, detailed in the waterfall plot (Fig. 5a), reveals a robust annual profit projected at $4 million. A key driver of this profitability is the diversified revenue stream; while TPA is the primary product, the valorized co-products—hydrogen and formic acid—contribute nearly half of the total $53.6 million revenue, showcasing the significant financial benefit of this integrated upcycling approach. The analysis reveals that the MSP is exceptionally sensitive to the recovery efficiency of the DMSO co-solvent (Fig. 5b). To further validate the economic robustness, a sensitivity analysis for PMA and H2SO4 recovery is presented (inset of Fig. 5b). The results indicate that even if recovery rates decrease to 95%, the MSP increases only marginally to approximately $0.87 per kg, remaining below the market price of virgin TPA (>$0.92 per kg). Notably, DMSO recovery via distillation (modeled at 180 °C) is a mature and technically feasible industrial operation, enabled by DMSO's high boiling point (189 °C) and excellent thermal stability.39 This highlights that while the core chemical process is effective, its commercial-scale viability is critically dependent on an optimized solvent recovery system. In stark contrast, the cost contribution from the PMA catalyst itself is negligible at just 0.02%, due to its high stability and efficient recovery, which removes a significant financial barrier common in other catalytic systems.
Based on these economic parameters, the minimum selling price (MSP) for our TPA was estimated to be $0.81 per kg. As shown in Fig. 5c, this value is highly competitive in the current market. It is not only significantly lower than the MSPs reported for other major recycling technologies (e.g., glycolysis,40 methanolysis,40 enzymatic degradation41) but also undercuts the market price of virgin TPA (typically >$0.92 per kg).42 Furthermore, due to European regulations creating a “green premium,” recycled TPA is often traded at an even higher price than virgin TPA.43 Our process, with its low MSP, is therefore positioned to supply TPA at a competitive price point in both conventional and premium recycled-content markets. Finally, the process economics are further enhanced by the co-production of hydrogen, as demonstrated by the relationship between its market price and the MSP of TPA (Fig. 5d). This integrated approach presents a novel strategy for reducing the production cost of green hydrogen, enabling its supply at a competitive price range of $2–4 per kg, contributing to the future hydrogen economy.
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