HOUSELINK accompanies Syre Group in a $1 billion polyester recycling project in Binh Dinh Province
On April 25, 2025, the Binh Dinh Provincial People’s Committee signed a Memorandum of Understanding on investment cooperation with Syre Group (Sweden) for the Polyester Fabric Recycling Complex Project, with a total estimated investment of $1 billion. The project will span approximately 20 hectares, with a design capacity of 250,000 tons/year, and is expected to begin operation by the end of 2028.
The project leverages cutting-edge technology meeting U.S. and EU standards to produce recycled polyester equivalent in quality to virgin polyester, aiming to promote the circular economy model. This marks a major milestone in the pursuit of sustainable development, contributing to Net Zero emissions goals and creating hundreds of high-quality local jobs.
Mr. Dennis Nobelius, General Director of Syre Group, shared:
“Syre Group aims to form and develop the world’s first textile recycling project – and we have chosen Vietnam.”
The signing ceremony was attended by senior leaders from Binh Dinh Province, the Embassy of Sweden, Syre Group, and HOUSELINK Joint Stock Company.
HOUSELINK is honored to accompany Syre as the strategic investment consulting partner for its key operations in Vietnam, contributing to bringing a green – sustainable – global project to the country.
Source: HOUSELINK JSC
