The majority of textiles in the fashion industry are mixed with plastics, which makes them more difficult to recycle than single-material textiles like cotton or wool. Loom Carbon uses pyrolysis to break down mixed-textile waste into oils, gas, pigments and other products that can be reused in fashion, cosmetics and other industries.
The company secured $300,00 from the Singapore Fashion Council, or SFC, a trade association that offers funding and startup acceleration services for businesses supporting sustainability and circularity in the fashion industry. Loom will use the capital for its first commercial plant, which will have an annual waste processing capacity of 20,000 tons.
SFC invested in Loom through a new startup accelerator, the Bridge Fashion Innovator, which offers early-growth startups mentorship, as well as funding and support finding corporate partners.
