In order to achieve the resource utilization of waste polyester (WPT), the WPT based activated carbon (WPT-AC) was prepared by ZnCl2 activation high-temperature pyrolysis method. The phase morphology, characteristic groups, pore structure of specific surface area and microstructure were characterized by TGA, XRD, FTIR, BET and SEM. The optimum preparation process of WPT-AC was determined by L9(34) orthogonal experiment, and the adsorption performance of WPT-AC for methylene blue (MB) was evaluated. WPT-AC showed a high specific surface area of 1037.62 m2/g, with rich pore structure, which provided the possibility for efficient adsorption. The pretreatment of ZnCl2 plays a key role in the formation of WPT-AC pore structure, and the abundant pore structure is conducive to improving the adsorption of pollutants. WPT-AC showed excellent performance in the field of organic dye adsorption, and the highest removal rate of MB reached 97.34%. The adsorption was mainly related to electrostatic attraction, hydrogen bonding and π–π conjugation. The analysis of adsorption kinetics and thermodynamics is conducive to a better understanding of the adsorption process.