Syre and Selenis are both at the front-end of innovation within advanced recycling technologies that deliver on a mission to decarbonize and dewaste the textile industry. The two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

This plant, which will deliver volumes up to 10,000 metric tons of circular polyester annually, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

"With the strategic partnership agreement secured to establish its blueprint plant at a location that optimally balances renewable energy, infrastructure, cost efficiency, and feedstock accessibility, Syre is well-positioned to drive the great textile shift in the textile industry and pave the way for its continued global expansion." – Says Carl-Erik Lagercrantz, CEO of Vargas, and Board Member of Syre.