Tereform
Tereform revealed as an H&M Foundation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $1.3m | Seed | |
| Total Funding | 000k | ||
Tereform, founded in 2022 by CEO Kevin Sullivan and CTO Mikhail Konev, is a chemical technology company that spun out of the National Renewable Energy Lab (NREL). The founders are leveraging their expertise in chemistry to address the critical issue of textile waste, which amounts to over 90 million metric tons annually.
The company is developing a novel chemical recycling process to transform waste textile materials back into their original chemical building blocks. This process utilizes earth-abundant metal catalysts and the oxygen in the air to deconstruct waste plastics, particularly post-consumer synthetic textiles. By breaking down these materials, Tereform provides the chemical manufacturing industry with a sustainable alternative to virgin resources, enabling the creation of new products from recycled materials.
Tereform's core technology focuses on decarbonizing chemical manufacturing and enabling a circular economy for textiles. The company's business model is centered on providing these recycled chemical building blocks to manufacturers, helping them reduce their environmental footprint and meet the growing demand for sustainable products. The company has secured funding from investors such as Toyota Ventures, Accelr8, and the H&M Foundation, underscoring the industry's interest in its approach to textile recycling.
Keywords: chemical recycling, textile waste, circular economy, sustainable materials, decarbonization, polymer deconstruction, green chemistry, waste valorization, resource efficiency, industrial biotechnology