Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Hydrogen Europe

July 8, 2025

Lack of new US power capacity could increase blackouts 100 times by 2030, says Energy Department – Oil & Gas 360

July 8, 2025

bp, Libya’s NOC to explore oilfield redevelopment, unconventional potential

July 8, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Target, Gap Partner with Cleantech Startup Syre to Scale Circular Materials in Textiles
Sustainability & ESG

Target, Gap Partner with Cleantech Startup Syre to Scale Circular Materials in Textiles

omc_adminBy omc_adminJune 25, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Circular economy startup Syre has announced a strategic partnership with Gap, Houdini Sportswear and Target to decarbonize and dewaste the textile industry through the accelerated adoption of circular polyester.

Launched in March 2024 by fashion and design brands company H&M Group and impact-focused Vargas, Syre aims to reduce the environmental footprint of polyester production by replacing virgin fossil fuel-based inputs with recycled fibers sourced from post-consumer textiles. This approach promises an up to 85% reduction of CO2 equivalent emissions compared to conventional polyester manufacturing.

The three companies will serve as launch partners, supporting and scaling Syre’s commercial rollout of textile-to-textile recycling across the apparel sector, and contributing to worldwide efforts to transform an industry which is considered one of the largest contributors of global waste and carbon emissions.

Each launch partner brings a distinct set of ambitions aligned with Syre’s goals. Gap, the largest specialty apparel retailer in the U.S., aims to use 10,000 metric tons of Syre’s circular polyester per year. Meanwhile, Houdini Sportswear, a leader in circular design, has committed to sourcing 50% of its polyester from Syre over a three-year period, and Target has pledged that all owned brand products will be designed for a circular future by 2040 and is incorporating Syre’s recycled polyester into selected lines.

Dennis Nobelius, Syre’s CEO, said:

“We are thrilled to announce our partnerships with these esteemed and forward-thinking brands, representing different segments and sizes. They are truly frontrunners, understanding the need to secure capacity of a scarce resource to be. As we embark on the next phase of scaling at speed, we’re confident that these collaborations will not only bolster commercial success but also help redefine the industry and drive the urgent shift towards true circularity.”

Syre raised $100 million in a Series A financing round last year, investing the capital in the construction of a new blueprint plant in the U.S. and to the establishment of its first gigascale textile-to-textile recycling plants.

The company expects a gigascale plant to produce between 100,000 and 250,000 metric tons of circular polyester annually.

Syre’s first blueprint plant, located in North Carolina, is expected to commence operations in 2026. Earlier this year, the company announced plans for its first gigascale plant in Vietnam.

These new partnerships come amid a projected shortfall of 10 to 12 million metric tons in supply of textile-to-textile recycled polyester by 2030.

Dan Fibiger, Gap’s Vice President of Global Sustainability, said:

“This partnership enables us to accelerate our progress toward realizing a more circular fashion industry. Our ambition to utilize 10,000 metric tons per year of Syre’s recycled polyester chip is not only an innovation that we feel will resonate with our customer, but it is an important lever for Gap Inc. in our efforts to bridge the climate gap.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

‘Serious risk to life’: scenic Isle of Wight road could fall into sea, councillor warns | Isle of Wight

July 8, 2025

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs | Economic policy

July 8, 2025

Deadly floods could be new normal as Trump guts federal agencies, experts warn | Texas floods 2025

July 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

bp, Libya’s NOC to explore oilfield redevelopment, unconventional potential

By omc_adminJuly 8, 2025

bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation…

SCB Exceeds Sustainable Finance Goal with Over 5B USD

July 8, 2025

Piauí Launches Jurisdictional REDD+ Carbon Credit Program with Silvania to Combat Deforestation

July 8, 2025

ESMA Sets Emissions Reduction Targets for 2027 and 2030 in First Climate Transition Plan

July 8, 2025
Top Trending

‘Serious risk to life’: scenic Isle of Wight road could fall into sea, councillor warns | Isle of Wight

By omc_adminJuly 8, 2025

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs | Economic policy

By omc_adminJuly 8, 2025

Deadly floods could be new normal as Trump guts federal agencies, experts warn | Texas floods 2025

By omc_adminJuly 8, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Tesla may face more pressure from Musk’s political activities: analyst

July 8, 20250 Views
Our Picks

Who Is The World’s Top Natural Gas Consumer?

July 8, 2025

EnerMech Bags Triton FPSO Work

July 8, 2025

Valaris Secures New Works for Two of Its Drillships

July 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.