Lululemon and MAS Invest in Syntetica's $30M Funding for Mixed Nylon Recycling Technology
On July 16, 2026, it was announced that Lululemon and MAS Holdings have joined a $30 million funding round led by the French government-backed Ecotechnologies 2 fund to support Syntetica's commercial demonstration facility. The investment aims to advance recycling of mixed nylon waste, which constitutes about 80% of textile waste but is largely untapped due to technical challenges. Syntetica’s proprietary technology can process both Nylon 6 and Nylon 6,6 in one step without requiring separation—a major breakthrough that could significantly improve the efficiency of post-consumer recycling. The company plans to build its first industrial-scale plant at Michelin's Centre for Sustainable Materials in France. Public institutions like Bpifrance and the European Innovation Council also participated in this Series A round. Currently working with brands such as Victoria’s Secret, Syntetica aims to expand beyond nylon into other materials relevant to automotive and specialty chemical sectors. The funding marks a significant step toward scaling circular material solutions within the apparel industry.
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Topics: corporate investment nylon innovation sustainable fashion textile recycling