syre
Decarbonizing textiles. At hyperscale.
Quick info
Carl-Erik Lagercrantz, Board Member
Description
Syre is a textile impact company on a mission to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. The company’s textile-to-textile recycling solution provides circular polyester with quality on par with virgin polyester, but with a superior sustainability performance. Syre is initiated by Vargas and H&M Group and is headquartered in Stockholm, Sweden. The company’s first blueprint production plant, in North Carolina, USA, will be up and running during 2024. Within ten years, Syre plans to have 12 gigascale production plants worldwide.
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the great textile shift
starts now
Textile waste is a growing challenge, with less than 1% of the global textile fiber market coming from recycled textiles. Polyester is by far the biggest CO2e emitter and fastest growing fiber.
Syre's mission is to decarbonize and dewaste textiles, starting with polyester. At unprecedented speed and scale, Syre will establish multiple production plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.
Envision a world
where
every
Textile fiber
sees a new day
Syre marks the start of the great textile shift. By implementing true textile-to-textile recycling at hyperscale, we want to drive the transition from a linear to circular value chain by putting textile waste to use, over and over again.
Dennis Nobelius, CEO of Syre
Reduction in CO2e
85
%
Compared to the production of virgin polyester
first plant
20
24
Blueprint plant up and running
produced circular polyester
3
M
Metric tons by 2032
co2e abated by 2032
15
M
Metric tons by 2032
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syre timeline
On a journey to decarbonize and dewaste the textile industry through textile-to-textile recycling.
enabling a
healthy future
of textiles
The textile industry is now at a tipping point as the European union and other actors are introducing legislation that will regulate waste and accelerate demand for circular materials. As a plug and play solution into the existing textile value chain, Syre will be key in enabling delivery on ambitious sustanability targets for all textile intense industries such as apparel, automotive, and home interior.
Emma Stjernlöf, Chief Communications and People Officer
