Worn Again Technologies, a textile recycling innovator, has secured €31.4M in funding from existing partners and primary stakeholders to establish a state-of-the-art textile recycling plant in Switzerland, and the capital will also be deployed towards the company’s expansion and its setup, contributing to the commercialization of a highly effective solution to reduce textile waste.
Worn Again Technologies was born from a vision to eradicate textile waste and a world where resources are kept in constant circulation. The company has developed a unique polymer recycling process to separate and recapture polyester and cotton from non-reusable products (textiles, PET bottles, and packaging). With this technology, the company aims to address the challenging issue of converting polyester and polycotton blended textiles and PET plastic at their end of use. The process allows these materials to go back into manufacturing, moving from a linear supply chain to a circular system while providing long-term sustainable resource security.
Erik Koep, CEO at Worn Again Technologies, says, “We are extremely happy with the results of this funding round, which was our most successful so far. It demonstrates the strength and growing interest in our textile recycling framework.
As a result, we are well-positioned to enter the next phase of our business growth, as we can get closer to offering large-scale commercial facilities for blended polycotton materials.
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Mountains of textiles and plastics are still ending up in landfill and incineration every year around the world. Current textile recycling methods turn less than 1% of non-reusable materials back into new textiles while the resource demand continues to grow.
Plastic use is also increasing, and current recycling methods cannot meet the market demand for high-quality materials.
