In line with the scalability goals which RE&UP has set out on achieving since day 1, the company aims to expand its global recycling capacity to over one million tonnes of textile waste annually.
In a strategic meeting, Castilla-La Mancha regional president Emiliano García-Page and Patricia Franco, Minister of the Economy, Business and Employment, presented significant investment opportunities to RE&UP for its first expansion. The discussion highlighted Castilla-La Mancha’s competitive advantages, including the Priority Projects Act which streamlines administrative processes, and the availability of industrial land and renewable energy at competitive prices.
RE&UP is dedicated to leading the transition to a circular economy in the fashion industry by transforming textile waste into high-quality, Next-Gen fibers. The evaluation of a potential partnership with Castilla-La Mancha aligns perfectly with the company’s mission and the region’s commitment to the development of a more sustainable industry.
The regional government emphasized its commitment to support large-scale investment projects such as RE&UP, reinforcing Castilla-La Mancha’s status as a burgeoning hub for green industry and circular economy initiatives. As for RE&UP, this represents a great chance for expansion with parties that share the same innovative vision.