UK’s Worn Again Technologies bags €31.4M; to build textile recycling facility in Switzerland

Picture credit: Worn Once more Applied sciences

Nottingham, the UK-based Worn Once more Applied sciences, a textile recycling innovator, introduced on Friday, October 7, that it has secured £27.6M (roughly €31.4M) in funding from current companions and first stakeholders.

The corporate says it’ll use the funds to assemble a textile recycling demonstration plant in Winterthur, Switzerland. The capital may also be deployed in direction of the corporate’s enlargement and its setup, contributing to the commercialisation of a extremely efficient answer to scale back textile waste.

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Up to now, the corporate has raised a complete of £42.9M in funding. 

Worn Once more counts industrial stalwarts Sulzer, Oerlikon, and style retailer H&M as key strategic traders. 

Erik Koep, CEO at Worn Once more Applied sciences, says, “We’re extraordinarily pleased with the outcomes of this funding spherical, which was our most profitable thus far. As such, it demonstrates the power and rising curiosity in our textile recycling framework. In consequence, we’re well-positioned to enter the subsequent part of our enterprise development, as we will get nearer to providing large-scale business services for blended polycotton supplies.”

Present textile recycling strategies flip lower than 1 per cent of non-reusable supplies again into new textiles whereas the demand for sources grows. As well as, plastics use can also be growing, and present recycling strategies can not meet market demand for prime quality supplies.

Worn Once more Applied sciences: What it is advisable know

Based in 2005 by Cyndi Rhoades, Adam Walker, and Nick Ryan, Worn Once more Applied sciences was born from a imaginative and prescient to eradicate textile waste and create a world the place sources are stored in fixed circulation.

The corporate has developed a singular polymer recycling course of to separate and recapture polyester and cotton from non-reusable merchandise (textiles, PET bottles, and packaging). 

With this know-how, the corporate goals to deal with the difficult problem of changing polyester and polycotton blended textiles and PET plastic at their finish of use.

The method permits these supplies to return into manufacturing, shifting from a linear provide chain to a round system, whereas offering long-term sustainable useful resource safety.

Torsten Wintergerste, Division President of Sulzer Chemtech and Chairman of Worn Once more Applied sciences, says, “We strongly consider in Worn Once more Applied sciences’ mission and are firmly dedicated to making sure its success. Because of this we have now offered help by means of investments in addition to with our main polymer processing experience and infrastructures. We’ve got a detailed connection to the demonstration plant, which is being constructed close to our headquarters in Winterthur, and we’re eager to see it working as quickly as attainable.”

Georg Stausberg, CEO of Oerlikon Polymer Processing Options Division, says, “The time for round methods and their enabling applied sciences is now. Because of this cutting-edge tasks, equivalent to Worn Once more Applied sciences’ demonstration plant, are useful and advancing at tempo alongside present market developments and calls for. We’re excited to help this start-up in its subsequent steps, driving the creation of a collaborative, round economic system for textiles.”