Sumary of Textile recycling: the European plan Rehubs unveils its first project:
We estimate that to reach a fiber-to-fiber recycling rate of around 18 to 26% by 2030, a capital investment of around 6 to 7 billion euros will be necessary, in particular to set up a sufficient sorting and processing infrastructure for Euratex.
After the step of transforming waste into raw materials will come the necessary growing adoption of mechanically recycled fibers in production chains.
Once matured and scaled, the textile recycling industry could become a profitable industry with a total market size of EUR 6-8 billion and around 15,000 new direct jobs.
A first step, Europe generating each year from 7 to 7.5 million tons of end-of-life textiles, of which only 30-35% have been collected to date.
Transform Waste into Feedstock aims to build a first facility by 2024 that will be able to recycle some 50,000 tons of textiles per year.
The Euratex textile confederation estimates that textile recycling could by 2030 generate 15,000 direct jobs on the Old Continent and 3.5 to 4.5 billion euros in turnover.
The body today unveils Transform Waste into Feedstock, the first project selected as part of Rehubs, a program aimed at developing and coordinating a textile recycling sector on a continental scale.
