October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

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Reduction in environmental pollution and emissions as waste is reused

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Material for insulation purposes

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High durability

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Easy to store and transport

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Simple and low-cost technique

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More than 14 communities and 128 families participated

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1,725 eco-bricks were recollected

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8,000 USD in vouchers for supermarkets were distributed to the families who participated – a huge relief in COVID times

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110,350 m2 of waste was recycled

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More than 110,350 m2 of constructions will be built

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

SELENIS’ ECO SLEEVE IS A SOLUTION DEVELOPED UNDER THEIR CIRCULAR ECONOMY PLEDGE

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

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Rationalising the use of energy and natural resources and act on the processes in order to optimise and reduceconsumption.

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Reducing the production of waste by increasing and promoting recycling and recovering material wheneverpossible.

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Ensuring that materials and procedures used don’t present any risk to the health of workers and to the environment.

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Making sure that the use of materials, resources and the incorporation of safe and innovative technologies promoteenvironmental protection and minimise the environmental impacts.

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Coaching and engaging employees to perform in a conscious and responsible manner, for the importance ofeveryone in guaranteeing product safety and for improving environmental performance.

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Implementing good practices in order to comply with applicable legislation and other requirements that will leadto the environmental preservation.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

1

In accordance with California Act Assembly Bill 906 and ASTM D7611/D7611M - Standard Practice for Coding Plastic Manufactured Articles for Resin Identification. Products comply with the compositional requirements of the Food and Drug Administration (FDA) regulation and European Regulation 10/2011.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

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Reassure consumers & provide trust to end-users (B2C), increasing public interest in recyclability and recycled content

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Demonstrate compliance with legislation (B2B) & verify claims via third-party assessments

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Show transparency about recyclability and waste origin and source

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Support corporate sustainability claims about recycled content and recyclability of plastics

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

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Excellent chemical resistance

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Good barrier properties

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Exceptional clarity

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High brightness

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Design flexibility

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Easy to process

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Excellent decorative ability

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Processing flexibility

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Fast cycle times

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High impact resistance

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Heavy wall capacity

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Ease of secondary operations

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Free of BPA and additives

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

1

The UPM life cycle assessment was carried out in accordance with ISO 14040 and based on cradle-to-gate systemboundary. As the biorefinery is currently in the process of being built, the LCA will be gradually updated with primary data.The study has been critically reviewed by an independent third party according to ISO 14044.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

About Circ

Circ is on a mission to power the clean closet with patented technology that recycles global fashion waste back into textiles, over and over again. Circ is protecting our planet by reducing the need and demand for petroleum, trees, and other materials harvested from nature to manufacture clothes. Circ is building a truly circular economy for the fashion

industry. Headquartered in Danville, Virginia, a former epicenter of textile production in the United States, Circ is an Earthshot Prize Finalist, a Certified B Corporation revitalizing the future of material technology and manufacturing, and has been named in Fast Company’s list of World’s Most Innovative Companies of 2024. To learn more about Circ, visit www.circ.earth.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

101148221- LIFE23-ENV-ES-LIFE POLITEX

Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor the granting authority can be held responsible for them.

https://www.aitex.es/portfolio/life-politex-fibre-fibre-circularity-textil-secyor-through-novel-polyster-recycling-technologies/

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

About CARBIOS

CARBIOS is a biotech company developing and industrializing biological solutions to reinvent the life cycle of plastic and textiles.  Inspired by nature, CARBIOS develops enzyme-based processes to break down plastic with a mission to avoid plastic and textile pollution, and accelerate the transition to a circular economy. Its two disruptive technologies for the biorecycling of PET and the biodegradation of PLA are reaching industrial and commercial scale.  Its biorecycling demonstration plant has been operational since 2021 and a first industrial plant, in partnership with Indorama Ventures, is currently under construction.  CARBIOS, founded in 2011 by Truffle Capital, has received scientific recognition, notably with the cover of Nature, and is supported by prestigious brands in the cosmetics, Food & Beverage and apparel industries to enhance their products’ recyclability and circularity. Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe are members of a packaging consortium founded by CARBIOS and L’Oréal. On, Patagonia, PUMA, PVH Corp. and Salomon collaborate with CARBIOS in a textile consortium.

 Visit www.carbios.com/en to find out more about biotechnology powering plastic and textile circularity.

 For latest news and media assets, visit our newsroom: www.carbios.com/newsroom/en/

 LinkedIn: CARBIOS / Instagram: insideCarbios

Information on CARBIOS shares:

ISIN Code   FR0011648716
Ticker Code   Euronext Growth: ALCRB
LEI:     969500M2RCIWO4NO5F08

 CARBIOS is eligible for the PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax rebates.

About Us

Selenis is a supplier of high quality and innovative specialty polyester solutions for diverse applications. Their mission relies on employing their profound knowledge of polymers, formulations, and processing, in partnership with their clients to develop future-fit solutions and commit to create opportunities.  

Selenis is a global business with production sites in Portugal, Italy and the USA. Their production facilities have batch and continuous SSP units, permitting the production of a wide range of polymers to meet highly technical markets. Their production configurations provides Selenis the flexibility to produce both amorphous and crystallised products.  

Committed to playing a role in society’s collective response to the plastic waste challenge, Selenis creates partnerships across the value chain to create long term solutions. Highly focused on sustainability, Selenis centers their innovation in developing resins with up to 50% recycled content and solutions that are fully recyclable in the PET stream. Their progress in molecular recycling turns waste into the building blocks of their specialty resins, contributing to the fight against climate change.  

Selenis and their sister company, Evertis, are members of the IMG group, an international business headquartered in Portugal with operations around the world.  Our businesses have been pioneers in the polyester industry since 1959. To discover more, please visit our website at www.selenis.com  

Follow Selenis on LinkedIn

About Selcare

Selcare is a brand of Selenis, producer of specialty resins for a diverse range of medical applications.

Selenis is a member of the IMG Group, present in the polymers market since 1959. Selenis aspires to improve patient safety with solutions specifically developed for the medical value chain.

Our Selcare brand offers high performing medical grade plastics and a wide range of supporting services.

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

About Magnomer

Magnomer is a startup offering patented coatings technology to help transform normally detrimental to recycling shrink sleeves into recycling preferred design. Magnomer’s Magmark SS coatings add magnetization to shrink sleeves, allowing them to be pulled out and captured during the recycling process by existing magnets. Magmark coatings are transparent and food safe, and print on using just one additional print station at the label converter. No changes to branding or design are necessary and Magmark coatings, an alternative to wash off inks, can be used on PETG or CPET films. Magmark SS has received industry recognition from the Association of Plastic Recyclers (APR) based on commercial scale trials. It has also been pre-qualified by How2Recycle for use on PETG, and can be used in compliance with U.S. Plastics Pact guidelines.  

Please visit our website  www.magnomer.com

 Follow Magnomer on LinkedIn

About Us

Selenis is a supplier of high quality and innovative specialty polyester solutions for diverse applications. Their mission relies on employing their profound knowledge of polymers, formulations, and processing, in partnership with their clients to develop future-fit solutions and commit to create opportunities.  

Selenis is a global business with production sites in Portugal, Italy and the USA. Their production facilities have batch and continuous SSP units, permitting the production of a wide range of polymers to meet highly technical markets. Their production configurations provides Selenis the flexibility to produce both amorphous and crystallised products.  

Committed to playing a role in society’s collective response to the plastic waste challenge, Selenis creates partnerships across the value chain to create long term solutions. Highly focused on sustainability, Selenis centers their innovation in developing resins with up to 50% recycled content and solutions that are fully recyclable in the PET stream. Their progress in molecular recycling turns waste into the building blocks of their specialty resins, contributing to the fight against climate change.  

Selenis and their sister company, Evertis, are members of the IMG group, an international business headquartered in Portugal with operations around the world.  Our businesses have been pioneers in the polyester industry since 1959. To discover more, please visit our website at www.selenis.com  

Follow Selenis on LinkedIn

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

About Us

Selenis is a supplier of high quality and innovative specialty polyester solutions for diverse applications. Their mission relies on employing their profound knowledge of polymers, formulations, and processing, in partnership with their clients to develop future-fit solutions and commit to create opportunities.  

Selenis is a global business with production sites in Portugal, Italy and the USA. Their production facilities have batch and continuous SSP units, permitting the production of a wide range of polymers to meet highly technical markets. Their production configurations provides Selenis the flexibility to produce both amorphous and crystallised products.  

Committed to playing a role in society’s collective response to the plastic waste challenge, Selenis creates partnerships across the value chain to create long term solutions. Highly focused on sustainability, Selenis centers their innovation in developing resins with up to 50% recycled content and solutions that are fully recyclable in the PET stream. Their progress in molecular recycling turns waste into the building blocks of their specialty resins, contributing to the fight against climate change.  

Selenis and their sister company, Evertis, are members of the IMG group, an international business headquartered in Portugal with operations around the world.  Our businesses have been pioneers in the polyester industry since 1959. To discover more, please visit our website at www.selenis.com  

Follow Selenis on LinkedIn

About Syre

Syre is a textile impact company on a mission to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. At unprecedented speed and scale, Syre aims at driving the green shift of the textile industry to a future where every textile fiber sees a new day. The company’s textile-to-textile recycling solution provides circular polyester with quality on par with virgin polyester, but with a superior sustainability performance. Founded in 2023, Syre is initiated by Vargas and H&M Group. For more information: www.syre.com

October 2024

Cedar Creek, October 30th, 2024 - Selenis, a leading global supplier of high-quality specialty polyester solutions and Syre, the textile impact company hyperscaling textile-to-textile recycling, announced today the strategic partnership to establish a textile-to-textile recycling plant in Cedar Creek, North Carolina, USA, to be fully operational in mid-2025.

Selenis and Syre are both at the front-end of innovation within advanced recycling technologies that deliver a mission to decarbonize and dewaste the textile industry. The coming together of the two companies will combine new technologies in depolymerizing and polymerizing for textile-to-textile recycling all in one place, allowing for a cost efficient, industrial scale operation.

"The partnership is a strong statement in driving innovation in advanced recycling technologies that deliver real-world sustainability solutions and importantly a positive impact on the LCA of final products. We are excited about this journey with Syre as it also allows us to further invest in the US market with existing asset expansion and bring the benefits of new technologies closer to customers” says Duarte Gil , Chief Executive Officer at Selenis.

Syre launched in March this year with a mission to establish multiple textile-to-textile gigascale plants producing circular polyester across the globe, reducing CO2e emissions by up to 85% compared to the production of oil-based virgin polyester.

“This is truly an important milestone on our journey to drive the great textile shift, with more than two years of planning now moving into action. We call this establishment a Blueprint Plant since the work there will lay the foundation for Syre’s continued global expansion, with the process being mirrored and scaled up in our upcoming gigascale plants globally” says Dennis Nobelius, CEO at Syre.

The strategic partnership agreement will see the existing Selenis production plant in Cedar Creek, North Carolina, USA expand as Syre builds an adjoining new plant to form a continuous production flow, covering processes from pre-processing depolymerization to polymerization and PET-chips production.

“When scouting locations for our plants, we have to carefully balance critical factors such as renewable energy, infrastructure, cost, and access to feedstock. I am really excited to partner with the Selenis team, having a similar sustainability direction and ambition to drive green transformation at scale”, says Dennis Nobelius, CEO at Syre.

“As the two companies move through this exciting journey in tackling the impact of textile waste and the problems that it creates, together we have a vision of an innovation hub for textile recycling, parallelled with R&D investment, with the specific focus on being leading recyclers supporting the textile industry in becoming more sustainable - creating a unique space where pre-poly, depoly and polymerization happen all in the same site” says Eduardo Santos , Head of Corporate Strategy at Selenis.

The blueprint plant, which will deliver volumes up to 10k metric tons of circular polyester, is scheduled to be operational in mid-2025, with the aim of making its first commercial sales to customers later that year.

UPM

We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

Follow UPM on X | LinkedIn | Facebook | YouTube | Instagram | #UPM #biofore #beyondfossils

About Us

Selenis is a supplier of high quality and innovative specialty polyester solutions for diverse applications. Their mission relies on employing their profound knowledge of polymers, formulations, and processing, in partnership with their clients to develop future-fit solutions and commit to create opportunities.  

Selenis is a global business with production sites in Portugal, Italy and the USA. Their production facilities have batch and continuous SSP units, permitting the production of a wide range of polymers to meet highly technical markets. Their production configurations provides Selenis the flexibility to produce both amorphous and crystallised products.  

Committed to playing a role in society’s collective response to the plastic waste challenge, Selenis creates partnerships across the value chain to create long term solutions. Highly focused on sustainability, Selenis centers their innovation in developing resins with up to 50% recycled content and solutions that are fully recyclable in the PET stream. Their progress in molecular recycling turns waste into the building blocks of their specialty resins, contributing to the fight against climate change.  

Selenis and their sister company, Evertis, are members of the IMG group, an international business headquartered in Portugal with operations around the world.  Our businesses have been pioneers in the polyester industry since 1959. To discover more, please visit our website at www.selenis.com  

Follow Selenis on LinkedIn

Bormioli Pharma

Bormioli is a leading manufacturer of glass and plastic packaging solutions, serving the pharmaceutical and biopharmaceutical markets with complete systems, including bottles, closures and accessories. Renowned for its innovation and quality, Bormioli Pharma provides sustainable and advanced packaging options to actively support the sustainable transition of the pharma industry.