matterr and BESTSELLER Partner to Scale Polyester Recycling
- BESTSELLER invests in matterr through Invest FWD after a 30 million euro EU commitment.
- The partnership focuses on recycling polyester without additional fossil resources.
- matterr's plant in Germany will process 10,000 tonnes of polyester waste annually by 2026.
- BESTSELLER aims to increase recycled materials use in fashion, investing over DKK 200 million.
Investment and Partnership
matterr has formed a strategic partnership with BESTSELLER, a family-owned international fashion group. This collaboration follows a significant EU commitment of 30 million euros in public support through the EFRE/JTF program in North Rhine-Westphalia. BESTSELLER's investment is made via its innovation and investment platform, Invest FWD.
Recycling Technology
The partnership aims to advance polyester recycling, focusing on reusing polyester without additional fossil resources. matterr has developed a technology for chemically recycling polyester from hard-to-recycle textiles and packaging waste, producing raw materials identical to virgin quality.
Industrial Deployment
With financial backing from the EU and BESTSELLER, matterr plans to build a small-scale industrial plant in Germany by 2026. The facility is designed to process 10,000 tonnes of polyester-rich waste annually, providing a reliable source of feedstock for the textile and packaging industries.
Strategic Goals
For BESTSELLER, this investment aligns with its goal to reduce dependency on fossil resources and increase the use of recycled materials in fashion. Through Invest FWD, BESTSELLER has invested over DKK 200 million in companies focused on creating future materials and driving systemic change.
Source: matterr