About Syre
Our offering
Sustainability
Our team
Career
News
Contact
news

The latest news from Syre

Stay up to date with all the latest news and stories from Syre. Subscribe to our pressreleases or read our insight pieces and stories to follow our journey. 

Story
•
26/9/2024

Dennis Nobelius: Transforming the textile industry from within

This week marks Dennis Nobelius' one-year anniversary as CEO of Syre. When he joined, the company was still in stealth mode with six months before its public launch. However, the groundwork and innovative technology had been laid long before that. In a personal note, Dennis shares his honest thoughts and reflections one year in, some never-before-seen behind-the-scenes images from his personal camera roll, and insights on how it all started.

Read more
Story
•
26/9/2024

Ready, set, hyperscale

Selecting the right location for hyperscale plants involves a careful balance of multiple factors. Reliable low-carbon energy supply, existing infrastructure, access to feedstock, a supportive regulatory environment, and availability of a skilled workforce are all critical aspects that we consider. Finding locations that meet all these criteria is a significant challenge, but it is essential for the success of our hyperscale operations and our mission to decarbonize and dewaste the textile industry.

Read more
News
•
23/5/2024

Syre raises $100 million Series A – shortlists Vietnam and Iberia for first gigascale plants

STOCKHOLM, May 23, 2024. Syre, the textile impact company initiated by Vargas and H&M Group which launched in March this year, today announces the signing of a $100 million Series A. The funding round was led by founding investor TPG Rise Climate who was joined by an additional investment from founder H&M Group as well as the following strategic partners: · Giant Ventures Giant backs purpose-driven founders solving the world’s biggest challenges, from climate and health to inclusive capitalism. · IMAS Foundation A purpose driven sister foundation to INGKA Foundation - the owner of Ingka

Read more
News
•
6/3/2024

New impact venture Syre launches with a mission to decarbonize textile industry  

STOCKHOLM – March 6, 2024. Initiated by Vargas and H&M Group, Syre today launches to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. Contact: press@syre.com

Read more