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BlockTexx completes $7m funding round

23/02/2024
BlockTexx completes $7m funding round

Australian textile-to-textile recycling business BlockTexx has raised $7 million in series B funds to scale its novel chemical process, SOFT or separation of fibre technology.

BlockTexx plans to use the investment to grow capacity at its early commercial-stage factory in Loganholme, Queensland, to 10,000 tonnes a year, up from 4,000 tonnes per annum.

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