Far East Group invests over 30 million in US recycling polyester startup Ambercycle
DRIVE, the venture capital arm of Far East Group Catalyst is investing $5 million in Ambercycle to support the construction of a commercial-scale facility for the circular polyester startup to scale textile-to-textile recycling for the apparel industry. The initial investment will support the scale-up of cycora, a recycled polyester made from waste textiles. This is…
