Sportswear brand Lululemon participated in Series A financing of French startup Syntetica totaling 30 million US dollars. This company has developed a new nylon recycling process: nylon material has excellent properties and is difficult to replace, but it is extremely difficult to recycle and reuse. Marco Bertone, CEO of Syntetica, said that nylon 6 and nylon 66 are difficult to manually sort and separate in mixed consumer textile waste, and the company's technology can simultaneously recycle and regenerate these two types of nylon. Massive amounts of clothing end up in landfills every year. Fashion brands are increasing the circular economy model. One of the core motivations is to maintain consumers' brand perception. High-end clothing brands pay particular attention to this. In addition, startups such as Syntetica are also benefiting from the support of environmental regulatory policies in various countries, compounding the immediate needs of the industry due to recent sharp fluctuations in the price of nylon raw materials. Bertone said that due to the turbulent geographical situation in the petroleum industry in the past six months, the price of nylon raw materials had to be renegotiated on a quarterly or even weekly basis. “Many brands have long relied on petroleum-based nylon and synthetic fabrics, and value stable pricing and ease of procurement. Today, the entire supply chain is being severely impacted, which is a wake-up call for the industry.”

Sportswear brand Lululemon participated in Series A financing of French startup Syntetica totaling 30 million US dollars. This company has developed a new nylon recycling process: nylon material has excellent properties and is difficult to replace, but it is extremely difficult to recycle and reuse. Marco Bertone, CEO of Syntetica, said that nylon 6 and nylon 66 are difficult to manually sort and separate in mixed consumer textile waste, and the company's technology can simultaneously recycle and regenerate these two types of nylon. Massive amounts of clothing end up in landfills every year. Fashion brands are increasing the circular economy model. One of the core motivations is to maintain consumers' brand perception. High-end clothing brands pay particular attention to this. In addition, startups such as Syntetica are also benefiting from the support of environmental regulatory policies in various countries, compounding the immediate needs of the industry due to recent sharp fluctuations in the price of nylon raw materials. Bertone said that due to the turbulent geographical situation in the petroleum industry in the past six months, the price of nylon raw materials had to be renegotiated on a quarterly or even weekly basis. “Many brands have long relied on petroleum-based nylon and synthetic fabrics, and value stable pricing and ease of procurement. Today, the entire supply chain is being severely impacted, which is a wake-up call for the industry.”