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Fairbrics raises €22M to bring to market its CO2-based polyester fiber and reduce the textile industry’s carbon footprint

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Fairbrics

The combined funds will be used to upscale Fairbrics’ technology, first in a pilot line of 100 kg/day by 2024 and later, by 2026, in a 1 ton/day demo plant. The primary aim is to fight climate change and accelerate energy intensive industries’ decarbonation by replacing fossil-based polyester with CO2-based polyester, using a circular approach that recycles CO2waste fumes from chemical plants into high value textile products. Fairbrics targets sectors employing polyester as a main material: clothing but also sports equipment, automotive and packaging.

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