Economy

Indorama Ventures Joins Consortium For Sustainable Polyester Fibre

July 14, 2024

Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and

Sustainability

Canada Intensifies Efforts To Combat Plastic Waste In Textiles

July 11, 2024

Canada is ramping up its initiatives to tackle plastic waste and pollution in the textile and apparel industry. Textiles are the fifth-largest category of plastic waste in Canadian landfills, prompting the government to prioritize keeping these materials in the economy and out of the environment. On July 4, Steven Guilbeault, Minister of Environment and Climate […]

Financial Results

Syre Secures $100 Million Series A Funding For Textile Recycling

May 26, 2024

Syre, the textile impact company initiated by Vargas and H&M Group, has secured a $100 million Series A funding round. Led by TPG Rise Climate, the round included investments from H&M Group, Giant Ventures, IMAS Foundation, Norrsken VC, and Volvo cars. CEO Dennis Nobelius expressed excitement about the ambitious investors joining their mission to drive […]

Corporates

Trident Ltd Expands Rooftop Solar Power Project In Budhni

May 21, 2024

Trident Limited has successful commissioned an additional 5.9 MWp capacity for its rooftop solar power project at Budhni, Madhya Pradesh. With this expansion, the total installed capacity of the solar power plant at the Budhni facility has reached 40.9 MWp. The power generated from this solar project will be used captivity for Trident’s manufacturing facilities […]

Sustainability

Cycora Material Validates Ambercycle’s Sustainability Mission

March 10, 2024

The European Centre for Innovative Textiles (CETI), a leading research centre in textiles located in France, has confirmed that the circular material Cycora is comparable to virgin materials and exceeds the quality standards of recycled materials. Cycora, a groundbreaking regenerated material, meets the spinnability standards of virgin materials and surpasses other

Corporates

Schutzen Chemicals Wins ISC3 Innovation Award 2023

December 13, 2023

In the ISC3 Innovation Challenge 2023, Schutzen Chemical Group, led by founder Raj Tanna, clinched the ISC3 Innovation Award 2023 for their commitment to Sustainable Chemistry. Tanna highlights the dire consequences of increased plastic production, including global warming, harmful substance release, and poor end-of-life options. The startup focuses on developing biobased

Corporates

Om Tex Silicones Renews GOTS Certification For Sustainability Excellence

November 26, 2023

Om Tex Chem now known as Om Tex Silicones has announced the renewal of its prestigious Global Organic Textile Standard (GOTS) certification. This reaffirmation underscores the company’s unwavering commitment to delivering outstanding products and services while championing environmental responsibility. The renewed GOTS certification serves as a guiding beacon,

Corporates

Yunus Textiles Commissions Two 9.6 MW Wind Turbines

November 26, 2023

Yunus Textiles has introduced its newest sustainable initiative – two state-of-the-art wind turbines, boasting a collective capacity of 9.6 MW. This milestone underscores the company commitment to reducing emissions by a substantial 18,000 tonnes of CO2 annually, equivalent to the positive environmental impact of 108,000 mature trees. Yunus Textiles continues to lead the