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Syre eyes Vietnam for first textile recycling plant

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Syre signs MoU with Binh Dinh Province of Vietnam to explore construction of a gigascale textile recycling plant

Syre signs MoU for production facility in Vietnam.
Syre recently signed an MoU with Binh Dinh Province of Vietnam.

Polyester textile-to-textile recycling start-up Syre, which was formed through a partnership with investors Vargas and H&M, has identified Binh Dinh province in Vietnam as the potential location for its first gigascale recycling plant.

Syre announced in May 2024 it had shortlisted Vietnam as a probable location for its first gigascale plant – a project that focuses on large scale in a bid to reduce costs - with Binh Dinh selected because of its strategic positioning within the textile supply chain and its historical connections to the industry.

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