BlockTexx

BlockTexx is a clean technology company based in Australia, founded in 2018, and has recently secured a $7.00M Series B investment on 21 February 2024 from notable investors including Fashion for Good, Michael Gregg, Sue Gregg, and Artesian Clean Energy Seed Fund. The company's slogan "BlockTexx is a clean technology company manufacturing rPET and cellulose from textiles and clothing" reflects their core business focus. BlockTexx specializes in recovering polyester and cellulose from textiles and clothing, owning proprietary technology that separates these materials regardless of color or condition. The recovered raw materials are then repurposed as virgin-quality rPET plastic pellets (PolyTexx®) and microcrystalline cellulose (CellTexx®), suitable for various industries including agriculture, building, manufacturing, fashion, and packaging. With a vision to lead a global movement toward a circular economy, BlockTexx is dedicated to developing sustainable solutions that divert textile waste from landfills into valuable products. The company's innovative approach aligns with the growing demand for environmentally friendly practices in the agriculture, fashion, and manufacturing sectors.