Enzymatic degradation, recycling, and upcycling of movable crosslinked polymers
cell.com
cell.com
The challenge for wider adoption of this tech (as in most things in biology) is the upscale. The cost of collecting, cleaning the feedstock, producing the enzymes and essentially running the bio-factory is much higher than the output material, which in the case of PET hydrolysis is terephthalic acid (TPA) and ethylene glycol.
Even when considering that the monomers can be polymerized back to PET and complete the cycle, but the price of PET is so cheap, that this is still economically inviable.
You cannot afford $50 of enzymes to make 50 cents of product but it's likely to be like that. Chemical recycling of polystyrene has been technically practical since the 1970s but the cost of bringing all that bulky styrofoam to one place defeats the economics.
Landfill disposal is a few cents per pound, any subsidy has to be huge to move the needle.