Syre news and archive

Textile-to-textile recyclers form new T2T Alliance

In a bid to support Europe’s circular economy policies such as the Ecodesign for Sustainable Products Regulation (ESPR), leading textile-to-textile recyclers Circ, Circulose, RE&UP and Syre have formed a new T2T Alliance. “Textile waste is a growing challenge in Europe and beyond, with less than 1 percent of the textile fibre market coming from...

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Textile-to-textile recycling company Syre receives investment of 100 million dollars

Fresh-faced recycling company Syre has raised an additional 100 million dollars in a new funding round, according to a press release. The capital raised will be used to set up the first recycling and manufacturing facility in the US, which should be operationally active as early as the end of 2024. In addition to this, the money will be used to...

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H&M embraces new venture to buy 50 percent of its recycled polyester supplies

In a bid to revolutionise the fast fashion textile industry, H&M Group, in collaboration with Vargas Holding, has unveiled Syre, a groundbreaking venture supported by TPG Rise Climate. The primary objective is to scale up textile-to-textile recycled polyester and foster sustainability within the textile sector. H&M Group has committed a...