Breakthrough for Ambercycle as Inditex pledges €70 million
Los Angeles-based regenerated polyester developer Ambercycle has entered into a new, strategic partnership with fashion company Inditex.
Ambercycle uses molecular regeneration technology to develop from end-of-life textiles polyester yarns for use in new garments. It uses the brand name Cycora for its yarns.
Under the terms of the new agreement, Inditex will buy “a significant share” of Ambercycle’s annual production of Cycora for the next three years and the Spanish group has said it will spend more than €70 million as part of the agreement.
Initially, this money will allow Ambercycle to build its first commercial-scale production facility and it has said it aims to begin production at that factory in 2025. Inditex will then aim to incorporate significant volumes of Cycora into its fashion collections in the three years that follow.
To demonstrate the potential that it believes Cycora has, Inditex has launched a new capsule collection for its Zara Athleticz sports clothing line, with garments that contain up to 50% Cycora.
Ambercycle’s chief executive, Shay Sethi, said the company’s partnership with Inditex represented “a monumental leap forward” in the fashion industry’s quest to achieve “circularity at scale”.
