Syre

About Syre

Syre is an innovative international company with Swedish roots, dedicated to revolutionizing the textile industry through large-scale recycling. The company focuses on transforming used textiles into new, high-quality polyester fibers, significantly reducing waste and carbon emissions. Syre's mission is to decarbonize (reduce carbon emissions) and dewaste (reduce waste) the textile industry, starting with polyester, a common synthetic fiber.

Syre serves a diverse range of clients, including textile manufacturers, fashion brands, and environmental organizations. The company operates in the global textile market, which is increasingly focused on sustainability and reducing environmental impact. Syre's business model is built on providing a circular solution for polyester recycling. This means they take used polyester textiles, recycle them, and produce new polyester fibers that match the quality of virgin (newly produced) polyester but with a much lower environmental footprint.

The company makes money by selling these recycled polyester fibers to textile manufacturers and fashion brands that are looking to reduce their environmental impact. By offering a product that is both sustainable and high-quality, Syre positions itself as a leader in the green transition of the textile industry.

Syre's vision is to create a world where textile recycling is a standard practice, ensuring that every textile fiber can be reused and reborn into new products. By 2032, Syre aims to have 12 production plants worldwide, producing millions of metric tons of circular polyester and significantly reducing carbon emissions equivalent to the annual emissions of 3 million petrol cars.