€22 million for Fairbrics

A bold move to industrialize its CO2-based polyester!

The Paris-based company Fairbrics, founded in 2019 and specializing in green chemistry, has just raised €22 million to scale up production of its CO2-based polyester and decarbonize industry, particularly the textile sector.
Imagine a world where your future sweaters, T-shirts, and pants are made from factory CO2 emissions…
A dream come true thanks to Fairbrics!

This company, which has become a leader in its field, draws its expertise from an ultra-innovative patented process that converts CO2 emissions into polyester yarn spools using an industrial approach based on the circular economy.

A superb innovation that would provide significant relief to French factories and manufacturers amid the European Commission’s mandatory CO2 emission reduction requirements.

In fact, this process ultimately creates a “win-win” situation between the company and manufacturers seeking solutions.
Manufacturers may not have to pay a carbon tax and will be able to highlight their commitment to reducing emissions.
As for Fairbrics, the more CO2 they obtain, the more of this miracle fiber the factory will produce.

Recognizing the potential of this project,the European Union has awarded it a grant of 17 million euros through its Horizon 2020 research and innovation program; the remaining 5 million euros are being provided by the project partners.

This grant was awarded to Fairbrics through a consortium of 13 partners from seven European countries, active across the entire value chain—from upstream activities such as CO₂ capture and chemical recycling to the final product, including companies like Faurecia in the automotive industry and Les Tissages de Charlieu in the textile sector.

As you can see, the main goal of this innovation is to combat climate change and accelerate the decarbonization of industry, which remains highly energy-intensive despite ongoing efforts. Furthermore, Fairbrics addresses one of the major challenges of our time—if not “THE” main one—namely climate change linked to greenhouse gas emissions.

This funding, a significant recognition of the progress the company has made over the past five years, reinforces the founders’ belief in the value and extraordinary potential of this technology.

In fact, polyester currently accounts for more than 60% of all textiles produced worldwide and is responsible for one-third of the fashion industry’s greenhouse gas emissions.

By replacing petroleum-based products with_CO2-based ones, Fairbrics offers industries a cost-effective, eco-friendly solution. The company primarily targets the fashion market and has already formed partnerships with several major brands such as H&M,
On-Running, and Aigle.
It plans to diversify its technology platform with products for other markets, such as sports equipment, the automotive industry, and packaging.

Visit Fairbrics’ website at: https://fairbrics.co/

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Sources and credits: Depositphotos, Fairbrics