Seed funding for chemical recycling start-up

28/03/2025
Tereform, based in Denver, Colorado, has announced the successful completion of its seed funding round of $1.25 million with Toyota Ventures, which has also invested in biotech firm ZymoChem. Founded in 2022 by Kevin Sullivan (CEO) and Mikhail Konev (CTO), Tereform is a spin-off of the National Renewable Energy Lab (NREL).

The young company has developed a process that uses oxygen and bio-based solvents to break down synthetic textiles into their chemical building blocks or monomers. It believes its products can be made back into polyester as a drop-in replacement.

The advantage of its technology, the company said, is that it can “chemically process mixed textiles with minimal prior separation of the materials into individual fabric types, or removal of coatings, dyes, and other contaminants, thus removing a labour-intensive step” in recycling textile waste. It added that its solution is especially effective on polyester/spandex blends.

The team said it was in discussions with potential brand partners to scale the process using both post-consumer and post-industrial textile waste.