TPG invests in Syre

Initiated by Vargas and H&M Group, Syre launches to decarbonize the textile industry through textile-to-textile recycling at hyperscale.

The aim is to provide a recycled polyester yarn of equivalent quality to virgin polyester, but with less impact on the planet. The company is building a production plant in North Carolina, USA, which is expected to be operational in 2024. Within ten years, the aim is to have twelve plants around the world operating at full capacity, producing more than three million tonnes of recycled polyester.

TPG Rise Climate has joined as a founding investor, bringing extensive experience scaling climate solutions globally.

Mannheimer Swartling advised Syre in the transaction and assisted with the establishment of the company.


This website uses cookies to perform certain functions and help you navigate the site efficiently. A cookie is a text file with a small amount of information that is stored on your device. We share some of the information we obtain through these cookies with third parties. We only use cookies that are necessary for the site to function correctly and they therefore cannot be turned off. For further information, see Information on the use of cookies.