Vietnam is set to witness a major milestone in sustainable manufacturing as Swedish firm Syre Group prepares to establish a giga-scale textile recycling facility in Binh Dinh province. In a significant development, the provincial authority signed a memorandum of understanding with Syre to initiate a polyester fabric recycling project aimed at reducing textile waste and carbon emissions.

With a projected investment of USD 1 billion and an annual capacity of 250,000 tonnes, the plant is expected to become operational by the end of 2028. The facility will adopt advanced recycling technology aligned with US and European Union standards, ensuring the production of recycled polyester that matches the quality of virgin material while promoting long-term environmental responsibility.

Syre Group follows a fabric-to-fabric model, converting textile waste into new fibres on a large scale. This project will contribute to a closed-loop system, where used fabrics are reborn into circular polyester, helping to ease global waste burdens. The initiative is also expected to generate hundreds of high-quality jobs in the region.

Vietnam’s Prime Minister has urged swift action to expedite the project's implementation, recognising its economic and environmental significance. Dennis Nobelius, general director of Syre, shared that the plant will source textile waste from India, Spain, Indonesia and the Philippines. The company also plans to address regulatory aspects related to raw material imports to ensure seamless operations.

Syre is a textile impact company on a mission to decarbonise and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester.