Vietnam to Build Large-Scale Polyester Recycling Plant

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Syre Group, a subsidiary of H&M Group, is planning to invest in a polyester recycling complex in Binh Dinh, Vietnam, with a design capacity of up to 250,000 tons per year and an estimated total investment of approximately USD $1 billion.

With the project scheduled to kick off in 2027, Syre Group expects to transform Vietnam into its first global hub for circular textiles, utilizing high-tech applications that meet U.S. and EU standards. This project also aligns with Vietnam's sustainable development goals.

Furthermore, in November 2025, Syre officially announced a long-term partnership agreement with Nike. Under this arrangement, Syre will become a strategic supplier for Nike, supporting the expansion of recycled polyester usage intp its future core performance production lines. This collaboration reinforces Syre Group's ambitions are taking shape for the near future.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more by viewing the project report.

---

About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resources' Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 250,000 current and future projects worth $30.2 Trillion (USD).