Abstract With the rapid economic development, PET (polyethylene terephthalate) plastic is widely used in various fields, i.e., clothing, food, housing and transportation. However, PET has a very strong chemical inertia, which makes it difficult to be degraded by microorganisms, thereby occupying a lot of space. Therefore, the recycling of waste PET has become one of the most important topics of environmental protection. Glycolysis requires the most mild and safe reaction environment among chemical recycling methods, and the ethylene glycol used in the reaction can be reused. Using glycolysis to recycle PET undoubtedly conforms to the green and sustainable concept, and glycolysis recycling is undoubtedly a low-cost, low-consumption and low-harm path for PET recycling. The heating and glycolysis characteristics of microwave-assisted PET glycolysis, and the energy analysis of glycolysis were studied. The aim was to produce BHET (bis(2-hydroxyethyl) terephthalate) as the target product from PET waste. In this study, the effects of reaction temperature, reaction time, and PET particle size on the performances of PET conversion rate, oligomeric BHET yield, and BHET yield were examined, and the energy efficiency and recovery efficiency also were presented. The results showed that the optimal conditions for microwave-assisted PET glycolysis were reaction temperature of 180 °C, reaction time of 30 min, and PET particle size of 75 μm, and the maximum PET conversion rate was 66.71 ± 9.71 wt%, the maximum yield of BHET was 48.08 ± 0.68 wt% and the maximum BHET yield was 19.83 ± 5.40 wt%. The energy efficiency and recovery efficiency were 11.88 % and 17.89 %, respectively.