Ambercycle, new impulse for the industry. The Indian manufacturing giant Mas Holding has committed to purchasing up to 4,000 tonnes of its recycled polyester over the next three years to Ambercycle, the American company specialized in textile-to-textile chemical recycling. This pact, which is equivalent to the amount of fiber necessary to produce ten million T-shirts, will allow the American company to scale its production.
Purchase commitments are a fundamental part of the sector right now, and one of the main strategies of brands to invest in textile-to-textile recycling. These types of agreements, although they do not provide an immediate flow of money, guarantee long-term demand for next-generation materials companies.
Ambercycle plans to begin distributing its recycled fiber in industrial quantities by 2026, through the construction of a first industrial-scale plant. The company will finance the construction through both its own capital and private capital investments, for which it needs these purchase commitments.
Ambercycle has signed a three-year sales commitment that will help finance its new plant
The deal between both companies will bring Ambercycle production closer to Asia, one of the company’s options to open this plant. It will also help the giant Mas Holding meet its sustainability goal of obtaining half of its income from “sustainable” products before 2025.
Mas Holding is the first manufacturer to have signed a purchasing commitment with Ambercycle. The materials company next genHowever, it has already collaborated through capsule collections with companies such as Inditex, Ganni or Gap.
“We are committed to revolutionizing the creation and manufacturing of textiles, and this collaboration is an important milestone in ensuring that the industry achieves circularity on a large scale”said Nemanthie Kooragamage, director of the sustainable business division at MAas Holdings.
