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  • Emma Stjernlöf

    Chief Communications & People Officer


    http://syre.com

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    Selenis and Syre in strategic partnership to establish a textile-to-textile recycling plant in North Carolina

    Cedar Creek, October 30, 2024. Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be operational in mid-2025.Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in

    Syre raises $100 million Series A – shortlists Vietnam and Iberia for first gigascale plants

    STOCKHOLM, May 23, 2024. Syre, the textile impact company initiated by Vargas and H&M Group which launched in March this year, today announces the signing of a $100 million Series A. The funding round was led by founding investor TPG Rise Climate who was joined by an additional investment from founder H&M Group as well as the following strategic partners:· Giant Ventures Giant backs purpose-driven founders solving the world’s biggest challenges, from climate and health to inclusive capitalism. · IMAS Foundation A purpose driven sister foundation to INGKA Foundation - the owner of Ingka

    New impact venture Syre launches with a mission to decarbonize textile industry

    STOCKHOLM – March 6, 2024. Initiated by Vargas and H&M Group, Syre today launches to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. Supported by an industry ground-breaking offtake supply agreement with H&M Group, 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[1].“Syre marks the start of the great textile shift. We envision a world where every textile fiber sees a new day. By

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