Feedstock hurdles test Syre’s Vietnam ambitions

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Syre is rethinking the scale of its proposed US$1 billion polyester recycling project in Vietnam as feedstock restrictions and financing challenges complicate its ambitions

Rows of polyester yarn cones prior to weaving.
Syre’s original strategy relied heavily on imported textile waste, but Vietnam’s rules distinguish between different categories of materials.

The latest report describes 46,000 tonnes of textile waste entering the facility, whereas the earlier figures refer to finished recycled PET production.

Syre’s original proposal also envisaged an annual feedstock requirement of approximately 300,000 to 400,000 tonnes, making the newly reported volume equivalent to just 12 – 15% of that requirement.

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