Moving from tobacco waste to textiles, Circ brings a new perspective to clothing recycling.

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Fashion industry has recently been criticized for its excessive environmental impact. From the cradle to the grave falls between four% as well as ten% global carbon emissions and about twenty% world wastewater. Only about 15% of clothing in the US is recycled. EPA estimates.

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Some clothing and footwear companies have begun to recognize this problem, promising that their lines will be made from more and more recycled materials. This has opened up opportunities for material companies such as The circuswhich uses a patented process to extract raw materials from discarded cotton and polyester.

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The startup today announced a $30 million Series B round led by Bill Gates-founded Breakthrough Energy Ventures. It was joined by Inditex, the parent company of fast fashion retailer Zara; Milliken & Company; and Landsdowne Partners.

“Through this investment round, we have secured the support of suppliers, buyers and key financial stakeholders to create a cleaner future for fashion,” said Circ CEO Peter Majeranowski. “We already have all the clothes we need to make all the clothes we will ever need. Now, together with our partners, we can make recycled clothing available to every customer.”

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The company previously raised $8 million in a round led by Tin Shed Ventures, the venture capital arm of private outdoor clothing company Patagonia, which has a long history of using recycled materials in its gear.

Circ started out as a biofuel company, using its process to recycle tobacco waste to turn it into a renewable fuel feedstock. But, according to a bloomberg report Last year, when a Swedish trading company asked if their machine could process T-shirts, Circ’s business model changed completely.


Credit: techcrunch.com /

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