Worn Again more than doubles its pilot plant funds
14/10/2022
Its latest funding round raised £27.6 million ($30.9 million), its most successful so far, the UK-based company said. Key strategic investors included retailer H&M, technology group Oerlikon and engineering firm Sulzer.
The technology developer focuses on producing dual polyethylene terephthalate (PET) and cellulose outputs from hard-to-recycle polyester and polycotton textile blends, in addition to non-reusable PET plastic bottles and packaging. Both the PET and cellulose (from cotton) can then re-enter production ecosystems as “new” fibres, textiles and more, circumventing the need for virgin resources.
“We strongly believe in Worn Again Technologies’ mission and are firmly committed to ensuring its success,” commented president of Sulzer’s Chemtech division, Torsten Wintergerste, who is also chairman at Worn Again Technologies. “This is why we have provided support through investments, as well as with our leading polymer processing expertise and infrastructures."
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