Syre, a new venture by Vargas and H&M Group, aims to decarbonize and reduce waste in the textile industry through large-scale textile-to-textile recycling, starting with polyester.

Syre, a new venture launched by Vargas and H&M Group, aims to decarbonize and reduce waste in the textile industry through large-scale textile-to-textile recycling, starting with polyester. Supported by an industry-first offtake supply agreement with H&M Group, Syre plans to establish multiple production plants globally, reducing CO2e emissions by up to 85% compared to oil-based virgin polyester production. The venture seeks to transition from a linear to a circular value chain by reusing textile waste.

March 06, 2024
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