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syre

Decarbonising textiles. At hyperscale.

Quick info
FOUNDED
ceo
Vargas partners
Description

Syre is a textile impact company on a mission to decarbonise and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. The company’s recycling solution provides high-quality circular polyester with a superior sustainability performance. Syre is a global company initiated by Vargas and H&M Group and is headquartered in Stockholm, Sweden.

the great textile shift
starts now

Textile waste is a growing challenge, with less than 1% of the global textile fibre market coming from recycled textiles. Polyester is by far the biggest CO2e emitter and fastest growing fibre. Syre’s textile-to-textile recycling solution provides high-quality circular polyester with a superior sustainability performance.

syre timeline

On a journey to decarbonize and dewaste the textile industry through textile-to-textile recycling.

2025

Syre announces partnership with Nike

Marking a milestone towards a circular materials future for the global apparel industry and beyond.

Announces Gap, Houdini, and Target as strategic launch partners

2024

Raises $100 million Series A

Blueprint production plant built in North Carolina

Within ten years, Syre aspires to have multiple giga-scale plants up and running at full speed and capacity worldwide.

Syre is launched

2023

Take-or-pay offtake agreement with H&M Group signed

Syre is founded

2021-2022

Business case and technology secured