Paris-based Fairbrics, a sustainable chemical company, announced on Tuesday that it has secured €17M from the European Union’s Horizon 2020 Research & Innovation Programme and another €5M from Partners to the Technology Upscaling Project, representing a total of €22M in funding.
According to Fairbrics, 60 per cent of all textiles produced globally and a third of the greenhouse gas emissions from the fashion sector are due to polyester. This is where the Paris-based company aims to make a difference.