Poly(ethylene terephthalate) waste was depolymerized with ethylene glycol in the presence of different catalysts, two conventional metal catalysts (zinc acetate and lead acetate) and two alkalies (sodium carbonate and sodium bicarbonate). The resulting monomer bis(2-hydroxy ethylene terephthalate) was characterized by thin layer chromatography, melting point, IR spectroscopy, differential scanning calorimetry, and elemental analysis. The results show that the qualitative and quantitative yields of the monomer obtained with alkalies as catalysts were most comparable with the conventional heavy metal catalysts, thus providing a further advantage for the recycling of polyester waste for the cause of environmental pollution abatement.