Syre news and archive

Nike signs future deals with recycling partners Loop and Syre

Sportswear giant Nike has announced two multi-year partnerships with circular fabric suppliers Loop Industries and Syre, marking a further step in its commitment to circular materials. The announcements were made in separate press releases from the suppliers. The agreement with Montreal-based Loop Industries is an offtake agreement. Nike has...

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Gap, Houdini and Target partner with Syre on commercial launch of circular polyester

Textile-to-textile recycling firm Syre has established a strategic partnership with Gap Inc., Houdini Sportswear and Target ahead of the commercial launch of its circular polyester product. All of the companies have agreed, within their own capabilities, to utilise the company’s polyester, furthering both Syre’s mission of reaching a broader...

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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...