Each year the textiles industry consumes 93 billion cubic meters of water, just 1% of the textiles produced will ever be recycled. UPSET is disrupting the market by commercializing a new chemical recycling technology capable of recycling used fibers into a new high-quality product. Their ambition is to create a socially fair supply chain to rejuvenate 100% of man-made and natural fibers produced in India.
The global textile industry is gargantuan, making up 3% of the world’s total GDP and employing 75 million people. In its current state it stands as the world’s 2nd most polluting industry. It’s most commonly used raw material is cotton, causing deforestation, pollution via the use of pesticides and consuming an enormous quantity of water. Despite this environmental impact and vast amounts of water and energy consumed in their production, the majority of textiles end up in landfills with just 1% being recycled globally.
There is a clear market opportunity to be realized in recycling the remaining 99% of textiles that are currently simply discarded. Realizing this waste as a valuable raw material is what led to the founding of UPSET. Up until now the recycling of textiles has been unfeasible due to the difficulty of preserving quality following the recycling process. UPSET is changing this by utilizing a revolutionary chemical recycling technology which recycle both man-made and natural fibers into a high-quality product suitable for commercial use.
Working from India, the heart of the world’s textile production, UPSET plans to open its first factory in 2021 with a recycling capacity of 48 tons, this will be the jumping off point for the full commercialization of their recycling technology. As they grow, their impact goals are clear, by recycling the fibers that are currently thrown away they will prevent millions of kg’s of waste from going to landfill and save millions of cubic meters of the worlds precious water.