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PurFi and Arvind Join Forces for Sustainability: Transforming Textile Waste into High-Quality Fibres

Written by: Team Angel OneUpdated on: Jan 20, 2025, 2:26 PM IST
PurFi Global and Arvind Limited launched a state-of-the-art facility in Gujarat, India, advancing sustainability in textiles by transforming waste into rejuvenated fibres.
PurFi and Arvind Join Forces for Sustainability: Transforming Textile Waste into High-Quality Fibres
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A Bold Step Towards Sustainability

PurFi Global and Arvind Limited, 2 pioneers in their respective domains, have announced an ambitious joint venture to tackle the global textile waste crisis. Their state-of-the-art facility in Gujarat, India, will focus on producing rejuvenated fibres, aligning with the sustainability goals of leading global brands and retailers.

The share price of Arvind Ltd was trading at ₹398.80 on the NSE as of 10:30 AM on January 20, 2025. The stock recorded an intraday high of ₹417.25.

Addressing the Global Textile Waste Challenge

The textile industry consumes 3.25 billion tonnes of materials annually, yet only 0.3% comes from recycled sources. Most raw materials are fossil-fuel-based, highlighting the urgent need for sustainable solutions. This collaboration aims to close the loop by leveraging innovative technology and creating high-quality recycled fibres.

Key Highlights of the Joint Venture

  1. Advanced Facility in Gujarat: The facility will initially produce 9,000 metric tonnes of rejuvenated fibre annually, with plans to scale up to 10 production lines over the next four years.
  2. PurFi’s Cutting-Edge Technology: Using proprietary processes, PurFi transforms textile waste into virgin-like fibres, making it suitable for global brands.
  3. Global Demand for Circularity: The venture caters to brands committed to achieving 100% recycled or sustainably sourced materials by 2030.

Shared Vision of Sustainability

Punit Lalbhai, Vice Chairman of Arvind Limited, emphasised the alignment of values between the two organisations. “This partnership strengthens our commitment to addressing textile waste while advancing sustainable practices,” he remarked. The collaboration underscores the growing importance of a circular economy in the textile sector.

How It Works: PurFi’s Proprietary Process

PurFi’s fibre rejuvenation technology involves:

  • Collection and Sorting: Textile waste is categorised and prepared for processing.
  • Elastomer Removal: Elastomers, which complicate recycling, are removed.
  • Reverse Spinning: Waste is transformed into high-quality fibres suitable for various materials, including cotton, silk, and linen.

Global Collaboration for a Circular Economy

The partnership builds on PurFi’s existing success with its Belgium facility, established in 2019, and experience in the US. By combining PurFi’s technological expertise with Arvind’s manufacturing prowess, the venture is poised to make a significant impact globally.

A Call for Industry-Wide Action

The Circularity Gap Report Textiles has urged immediate measures to reduce the textile industry’s environmental footprint. This venture demonstrates how innovation can transform waste into opportunity, setting a benchmark for sustainability in fashion and textiles.

About the Partners

  • PurFi Global: A leader in textile rejuvenation, PurFi transforms industrial waste into high-quality fibres using significantly less water and energy.
  • Arvind Limited: A global textile and retail conglomerate with expertise in sustainable manufacturing and innovative design solutions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 20, 2025, 2:26 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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