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French upcycler Losanje receives 6.7 million euro capital injection

French company Losanje, which specialises in textile upcycling, has secured a capital injection of 6.7 million euros (7.79 million dollars). Upcycling involves reusing existing materials to create a new product, such as making a bag from a pair of jeans. This process increases the value of the residual product, turning textile waste into a...

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Business

Reju secures 135 million euro funding for textile regeneration hub in the Netherlands

French company Reju has been awarded a 135 million euro (156.6 million dollars) subsidy from the Dutch government to advance its plans for a recycling centre in Limburg. The company, which is owned by the French tech firm Technip Energies, announced the development in a press release. The funds originate from the National Investment Scheme for...

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