has committed to buying 70 million euros worth of Ambercycle’s textile-to-textile recycled polyester material Cycora over the next three years.The purchase agreement will bolster Ambercycle’s building of its first commercial-scale production facility, which is expected to come online in around 2025, and will amount to a significant portion of their annual production.was part of Ambercycle’s $21.
The move will help the group move toward its nebulous goal of having 25 percent of its textile fibers from next-genby 2030, which Inditex admits “do not yet exist at an industrial scale.” Backing the Cycora factory will help fill that fabric pipeline. “Ambercycle’s goal is to enable circularity by replacing virgin polyester with textile-to-textile regenerated Cycora. Our partnership with Inditex represents a monumental leap toward realizing circularity at scale in the fashion industry,” said Ambercycle chief executive officer Shay Sethi.to achieve textile-to-textile recycling,” said Inditex chief sustainability officer Javier Losada.
Textile-to-textile recycling has been a challenge for the fashion industry so far. The majority of non-virgin polyester comes from PET. Critics say that takes the popular bottles out of the closed-loop system in which they can be recycled at least 10 times. In 2022, Inditex backed two cellulose-based textile recyclers, signing a 100 million euro purchase agreement with Infinited Fiber Co., and participating in a $30 million series B funding round for Circ.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google. We use vendors that may also process your information to help provide our services.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Gizmodo - 🏆 556. / 51 Lire la suite »