IKEA GreenTech joins Nike as investor in DyeCoo Textile Systems to bring technology to scale.
In 2012, NIKE, Inc. invested in DyeCoo Textile Systems,
a Dutch company that developed the first commercially available
waterless dyeing technology. Today DyeCoo gained a significant new
investor in IKEA GreenTech, an IKEA Group venture capital company.
DyeCoo’s waterless dyeing technology avoids the large amount of water
and chemicals used in traditional dyeing processes by using recycled
carbon dioxide (CO2).
The textile industry is one of the largest consumers of water, and
most of the world’s textile suppliers are located in Asia. The scale of
the industry’s activity in the region can put pressure on the
availability of clean water and contribute to environmental pollution in
the discharges from manufacturing processes. By removing the need to
use water in the dyeing process and eliminating the risk of effluent
discharge, a known environmental hazard, the DyeCoo system could bring
significant benefits to the region.
Nike’s strategic partnerships group, the Sustainable Business &
Innovation Lab, worked closely with IKEA GreenTech throughout the
investment process. Nike VP of Sustainable Business & Innovation
Hannah Jones welcomed IKEA as a partner in DyeCoo
“IKEA’s decision to invest in this technology signals an exciting
step in cross-industry collaboration. A key objective for Nike, when
investing in DyeCoo, was to scale the technology to benefit consumers,
business and the environment. We’re delighted IKEA shares a similar
objective to accelerate development of more sustainable materials and
manufacturing processes.”
The first range of machines developed and manufactured by DyeCoo are
for waterless dyeing of polyester fabric. As well as helping to scale
the processes for dyeing polyester, the partnership with IKEA will speed
up the development of processes and machines for dyeing cotton.
Read more about the partnership.
About DyeCoo Textile Systems
DyeCoo Textile Systems B.V. was founded in March 2008. DyeCoo Textile Systems is the world's first supplier of industrial CO2 dyeing equipment and is a leading innovator in CO2
dyeing technology and processes. DyeCoo Textile Systems B.V. is a
spin-off of the Dutch Feyecon Group, an innovator in the field of CO2- process technology.
Source Nike
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