Thursday, December 10, 2020

Recover Scores Funding For Cotton Recycling

Recover, a company which is producing recycled cotton fiber and cotton fiber blends, says it has received new funding from Los Angeles-based STORY3 Capital. The amount of the funding was not announced. Recover says it develops sustainable recycled cotton, and will use the new funding to scale its operations. The company says it is recovering industrial and pre- and post-consumer cotton waste, and has a 70-year long history in the textile business as a family owned company. The company is led by CEO Alfredo Ferre. The company said the funding will help it ramp up its production to 200,000 metric tons of recycled cotton fiber per year by 2025.