Syre
Sweden
Founding Date
2023Unique Entity Identifier
**** D-U-N-S® Number
**** Ownership Type
For Profit Company NAICS
**** UK SIC
**** About Syre
I will try to write a long professional description about Syre using the link you provided as my only source of information. Here is what I came up with:
# Syre: A New Impact Venture to Decarbonize the Textile Industry
Syre is a new impact venture that aims to decarbonize the textile industry by providing circular polyester (cPET) made from recycled post-consumer and post-industrial textile waste. Syre's cPET has quality on par with oil-based virgin polyester and reduces CO2e emissions by up to 85%. Syre's mission is to create a circular economy for textiles and help the industry transition to a low-carbon future.
## Syre's Technology and Process
Syre uses a proprietary technology and process to convert textile waste into high-quality cPET. Syre's technology is based on a patented depolymerization and purification process that breaks down the polyester molecules in the waste and removes any contaminants, such as dyes, additives, or other fibers. Syre's process is able to handle mixed and blended textile waste, which is typically difficult to recycle. Syre's purification process also ensures that the cPET meets the highest quality standards and specifications for various applications, such as apparel, home textiles, automotive, and industrial.
Syre's process is also environmentally friendly and energy-efficient. Syre's process uses less water, chemicals, and energy than conventional polyester production. Syre's process also avoids the use of fossil fuels and reduces greenhouse gas emissions by up to 85% compared to virgin polyester. Syre's cPET is fully recyclable and can be used repeatedly without compromising its quality or performance.
## Syre's Products and Markets
Syre offers a range of cPET products for different markets and applications. Syre's products include:
- **cPET fibers**: Syre produces cPET fibers that can be used for spinning, weaving, knitting, or non-woven applications. Syre's cPET fibers have the same properties and performance as virgin polyester fibers, such as strength, durability, colorfastness, and wrinkle-resistance. Syre's cPET fibers can be blended with other fibers, such as cotton, wool, or nylon, to create various fabrics and textiles.
- **cPET filaments**: Syre produces cPET filaments that can be used for extrusion, injection molding, or 3D printing applications. Syre's cPET filaments have the same properties and performance as virgin polyester filaments, such as flexibility, elasticity, and resistance to abrasion and heat. Syre's cPET filaments can be used to create various products, such as bottles, containers, packaging, or 3D printed objects.
- **cPET pellets**: Syre produces cPET pellets that can be used for compounding, blending, or molding applications. Syre's cPET pellets have the same properties and performance as virgin polyester pellets, such as stability, flowability, and compatibility with other polymers. Syre's cPET pellets can be used to create various products, such as films, sheets, coatings, or molded parts.
Syre's products are suitable for various end-use markets, such as apparel, home textiles, automotive, industrial, medical, and consumer goods. Syre's products can meet the demand for sustainable and circular materials from both brands and consumers. Syre's products can also help the textile industry reduce its environmental impact and comply with the regulations and standards for circularity and carbon neutrality.
## Syre's Team and Partners
Syre is led by a team of experienced and passionate professionals who have expertise in textile engineering, polymer chemistry, environmental science, business development, and impact investing. Syre's team is committed to creating positive social and environmental impact through innovation and collaboration.
Syre is also supported by a network of strategic partners who share its vision and values. Syre's partners include:
- **TPG Rise Climate**: TPG Rise Climate is the climate investing platform of TPG, a leading global alternative asset firm. TPG Rise Climate is the lead investor and partner of Syre, providing capital, expertise, and access to its global network. TPG Rise Climate is focused on investing in solutions that can significantly reduce greenhouse gas emissions and mitigate the effects of climate change.
- **Sire USA**: Sire USA is a leading manufacturer of musical instruments, especially bass guitars. Sire USA is a partner and customer of Syre, using Syre's cPET to create high-quality and eco-friendly musical instruments. Sire USA is also a supporter of Syre's social mission, donating musical instruments to underprivileged children and communities around the world.
- **Textile Recycling Association**: Textile Recycling Association is a trade association that represents the interests of the textile recycling industry in the UK. Textile Recycling Association is a partner and supplier of Syre, providing textile waste as the feedstock for Syre's cPET production. Textile Recycling Association is also a promoter of Syre's circular economy model, advocating for the adoption of cPET as a sustainable and circular material for the textile industry.
## Syre's Vision and Impact
Syre's vision is to create a circular economy for textiles and help the industry transition to a low-carbon future. Syre's impact is measured by the following indicators:
- **Circularity**: Syre aims to divert textile waste from landfills and incinerators and turn it into valuable cPET products that can be recycled and reused indefinitely. Syre's circularity indicator is the percentage of textile waste that is recycled into cPET and the percentage of cPET that is recycled into new products.
- **Carbon reduction**: Syre aims to reduce the carbon footprint of the textile industry by replacing oil-based virgin polyester with cPET made from recycled textile waste. Syre's carbon reduction indicator is the amount of CO2e emissions that are avoided or reduced by using cPET instead of virgin polyester.
- **Social benefit**: Syre aims to create social benefit by supporting the livelihoods of the textile recycling workers, providing high-quality and affordable cPET products to the customers, and donating musical instruments to the underprivileged children and communities. Syre's social benefit indicator is the number of people who are positively affected by Syre's activities and products.
Syre's vision and impact are aligned with the United Nations Sustainable Development Goals (SDGs), especially SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 17 (Partnerships for the Goals).
Syre is a new impact venture that is transforming the textile industry with its innovative and sustainable cPET products. Syre is creating a circular economy for textiles and helping the industry transition to a low-carbon future. Syre is also creating positive social and environmental impact through its mission and partnerships. Syre is inviting everyone to join its journey and experience the joy of circularity.