To support the construction of an innovative textile recycling demonstration plant in Winterthur/Switzerland, the latest funding round, raising £27.6 million, has been completed by Worn Again Technologies. This achievement represents a milestone in the commercialization of circular strategies for hard-to-recycle fabric blends. Worn Again counts Sulzer and Oerlikon as well as fashion retailer H&M as key strategic investors. This latest investment round brings Worn Again’s total raised funding to £42.9 million, with participation coming from some existing partners and main stakeholders.
»The time for circular strategies and their enabling technologies is now.«
As an innovator in the field of chemical recycling, Worn Again Technologies, Nottingham/UK, aims to drive a paradigm shift in the textile and fashion industries. The company is focused on enabling the creation of a more sustainable, conscious, and resilient value chain based on zero-waste, circular strategies. The secured funding is dedicated to the realization of a large-scale demo plant that will leverage ground-breaking polymer processing technologies to upcycle 1,000 tons of textiles per year. More precisely, the investment will help drive the expansion of the company and its setup, contributing to the commercialization of a highly effective solution to reduce textile waste.