Worn Again Technologies Ltd. Asset Profile

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Year established

2005

Location

Nottingham UK

Primary Industry

Environmental Services

About

Based in the UK, and founded in 2005, Worn Again Technologies Ltd. operates as a chemical recycling technology company. The company was founded by Cyndi Rhoades, Adam Walker, and Nick Ryan. In October 2022, Worn Again Technologies raised GBP 27.6 million in venture funding from OC Oerlikon Corporation AG, The H & M Group, and Sulzer. As of 2022, the company’s CEO is Erik Koep. Worn Again provides a polymer recycling technology that turns PET plastic and mixed fabrics made of polyester and polycotton into raw materials. The company’s technology produces dual PET and cellulose products from non-reusable fabrics and polyester bottles. The company plans to use the funds raised in October 2022 to support the construction of a textile recycling demonstration plant in Winterthur, Switzerland.

Current Investors

Sulzer, OC Oerlikon Corporation AG, The H & M Group

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Primary Industry

Environmental Services

Sub Industries

Recycling, Textiles

Website

www.wornagain.co.uk

Company Stage

Growth

Total Amount Raised

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