We are a textile impact company decarbonizing and dewasting the industry through textile-to-textile recycling. At hyperscale.
Textiles and waste - the growing global challenge
The textile industry today accounts for up to 10% of global CO2e emissions1
Less than 1 % of the global textile fiber market comes from recycled textiles2 and the majority of all end-of-life textiles are incinerated or end up in landfills
Polyester is the most widely used and fastest growing textile fiber in the world with 71 million tons produced annually3, however virgin polyester is produced by crude oil and bottle-to-fiber recycled polyester is, unlike textile-to-textile, also linear.
1 European Parliament, 2021
2 Textile exchange, 2023
3 Textile exchange, 2023
up to 85% less CO2e compared to the production of oil-based virgin polyester.
first commercial sales from blueprint plant, multiple production plants at full speed worldwide by 2032.
metric tons circular polyester produced by 2032 – equivalent to 16 billion t-shirts, two for every person on Earth.
metric tons CO2e abated by 2032, equivalent to the annual emissions of +3 million petrol cars.
The Syre textile-to-textile recycling solution provides circular polyester with quality on par with virgin polyester but with superior sustainability performance, reducing CO2e by up to 85% compared to the production of oil-based virgin polyester.
Backed by proven industry leaders and disrupters
We are initiated by Vargas Holding, an investor with a proven track record of building green impact companies disrupting the industry, such as Northvolt, H2 Green Steel and Aira, and H&M Group, the leading global fashion and design company. In addition to this, TPG RiseClimate, Giant Ventures, IMAS, Norrsken VC, Volvo Cars and Leitmotif have joined as founding investors.
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