Ellen MacArthur Foundation released its first report on the fashion industry today. The report is written in collaboration with many stakeholders across the industry, including H&M, Stella McCartney, Nike and Lenzing. It includes new research by McKinsey on the current state of the textiles economy, and describes a vision for a circular future.
We are happy to note that re:newcell is highlighted in the report as a company that is radically improving recycling technology. Our scalable solution upcycles textile waste into new biodegradable fibers with equal or improved properties compared to virgin fibers, helping to make the circular textiles economy a reality.
Read more about the Circular Fibres Initiative and dowload the report here