Circ raises $30 million to scale up chemical recycling of polycotton – GreenBiz

Gigantic piles of garments lay in landfills across the world. The U.S. Environmental Protection Agency estimates that 17 million tons of textile were created in 2018 — and less than 15 percent was recycled.

It doesn’t have to be that way, according to Danville, Virginia-based Circ, which is on a mission to recycle fashion waste back into textiles, over and over again. Specifically, the company recycles cotton, polyester and cotton-poly blends.

Today, the company announced a $30 million Series B funding round, led by Bill Gates-founded Breakthrough Energy Ventures, along with additional investment from Inditex, one of the world’s largest fashion retailers and Zara’s parent company, American textile manufacturer Milliken, and international investment group Lansdowne Partners.

 

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https://www.greenbiz.com/article/textile-recycling-needs-scale-circ-raises-30-million-do-just