Far Eastern Group believes its manufacturing expertise combined with Circ’s textile-to-textile recycling technology will be able to deliver a closed-loop alternative with circularity at scale.
Far Eastern will support Circ address the challenges of scaling up production to meet the demands of large fashion brands and their customers.
Circ’s CEO Peter Majeranowski (Right) with Drive Catalyst’s managing director Juliana Pidner Hsu (Left). Credit: Circ and Far Eastern Group’s Drive Catalyst.
Juliana Pidner Hsu, the managing director of Far Eastern Group’s venture capital arm, Drive Catalyst explained: “It is crucial that leaders in the polyester supply chain, like ourselves, set an example by establishing a foundation for collaborative models.
“We are deeply committed to the circular economy and believe that textile-to-textile recycling will play a pivotal role in decarbonising raw materials.”
She also pointed out that significant systemic changes may take time and require collaboration, but she believes Circ’s high-quality materials and the growth potential of its technology combined with the Far Eastern Group’s partnership will push it forward towards scaling circularity.
