OLY(ethylene terephthalate) (PET) was hydrolyzed in aqueous NaOH using solar energy. PET is used as versatile reagent for the synthesis of a variety of heterocyclic compounds. Uracil (6a, b), 1,3,4-oxadiazole (9, 12a, b), 1,3,4-triazole (10, 14), thiadiazole (11a, b and 15) derivatives were synthesized from PET. The antimicrobial and antioxidant activities of the synthesized compounds were evaluated and showed significant activities.