Living Coordination Polymerization of a Six‐Five Bicyclic Lactone to Produce Completely Recyclable Polyester

The development of chemically recyclable polymers promises a closed‐loop approach towards a circular plastic economy but still faces challenges in structure/property diversity and depolymerization selectivity. Here we report the first successful coordination ring‐opening polymerization of 4,5‐trans‐cyclohexyl‐fused γ‐butyrolactone (M1) with lanthanide catalysts at room temperature, producing P(M1) with Mn up to 89 kg mol−1, high thermal stability, and a linear or cyclic topology. The same catalyst also catalyses selective depolymerization of P(M1) back to M1 exclusively at 120 °C. This coordination polymerization is also living, enabling the synthesis of well‐defined block copolymer.