H&M Group and Vargas Holding launch new venture to scale textile-to-textile recycled polyester
H&M Group and Vargas Holding, both based in Stockholm, Sweden, announced the founding of Syre, a new venture to scale textile-to-textile recycled polyester (rPET). The co-founded venture, also backed by TPG Rise Climate, aims to rapidly scale textile-to-textile recycling of polyester, and contribute to a more sustainable textile industry. H&M Group has secured an offtake [...]