Textile recycling start-up secures investment from Decathlon
Sports group Decathlon has become an investor in a Lyon-based chemical textile recycling technology provider, Recyc’elit.
Founded by brothers Karim and Raouf Medimagh (pictured) in 2020, Recyc’elit has developed a proprietary method for separating out the different fibres in textile waste to offer mills and brands recycled polyester, elastane and polyamide for use in new applications.
The start-up aims to have a pilot plant in operation in the course of 2025.
Decathlon’s director of alliances and new business, Franck Vigo, said the group believes it has a responsibility not just to find solutions for the textile waste challenge, but to help cultivate them, refine them and help them to have an impact in the market.
Subscribers to WSA magazine can read more about Recyc’elit and about chemical recycling more widely in this recent feature.
