A TRULY GLOBAL BIOTECH FRONTRUNNER
BioFashionTech is a biotech startup that brings a close-loop solution into the textile industry and accelerate the transition to a more sustainable, resource-efficient bioeconomy through the development of cross-supply chain circular solutions.
BFT innovation is a game changer in creating a circular industry with biotechnology and increases BFT company’s competitive advantage.
In Europe, every inhabitant uses 26 kg of textile material every year and disposes of 11 Kg of it, with a total production of textile waste estimated at around 5 Mt/y. In Italy, in 2019, traced textile waste amounted to 157.7 Kt, of which 60% consisted of synthetic fibers whose production and disposal generate significant carbon dioxide emissions. Only 15% of textile is recycled while the rest is incinerated or ends up in landfills where it takes 200-plus years to degrade. As it decomposes, it leaches toxic chemicals and dyes into the groundwater and our soil. It is also responsible for 10% of global CO2 emissions each year. The production of textiles is expected to rise by 63% by 2030.
Synthetic fibres can represent up to 60% of the material that makes up our clothes worldwide. Globally more than 380 million tonnes of plastic are produced every year and less than 10 per cent has been recycled. Therefore, it is crucial to divert used plastic from the waste stream and use it to create new products in order to prevent these persistent materials from ending up in landfills and harming the environment.
The world’s consumption of fossil fuels is set to double by 2060 increasing global demands for alternative biofuels. Lignocellulosic biomass is a massive and renewable source for production of biofuels. Globally more than 98.6 billion litres of bioethanol are produced each year and around 3 tons of edible feedstock is needed for the production of 1 ton of ethanol. The prices of raw materials have a considerable impact on the bioethanol production costs and they can represent 40–75% of the total costs depending on the type of feedstock.
With a growing population and more than 820 million people in the world with not enough food to eat, the use of food crops for bioethanol is controversial. Thus, there is a huge demand for alternative non edible feedstock.
Generate new value from Textile Waste
Every second a truck full of textile waste goes to landfill.
BioFashionTech’s mission is to give textile waste another chance at a useful life and lower the carbon footprint of the fashion industry. BFT process textile waste using a low energy technology and transform them into a new sustainable materials enabling the transition from a linear, petro-based economy to a circular one. Compared to common recycling techniques, BFT offers particular advantages:
– it can be used with multi-material textile materials and different colors or with a mixture of different textile materials without a preliminary selection being necessary;
-It does not need new virgin fibers to improve the properties of the final recycled yarn as it does not generate new yarns or fabrics.
Hence BFT solves two environmental problems with one solution!
Our mission is to unlock the intrinsic value of textile waste in order to accelerate the transition to a more sustainable, resource-efficient economy through the development of cross-supply chain circular solutions. Up-cycling waste into alternative raw materials gives it a new function and keeps it out of landfills. Furthermore, the value of discarded textiles represents a massive commercial opportunity that will close the loop in fashion production. We envision a future in which cutting-edge technologies use fibers as building blocks to create sustainable new raw materials, rather than relying on precious natural resources. Working with stakeholders across supply chains who share our vision to reinvent how we use and consume products; rethinking how we design, manufacture, and sell products
We are a clean technology-based, purpose-driven company that specializes in waste-to-value. We envision a global textile industry that benefits people and the environment by improving climate, soil health, water quality, and biodiversity. Our goal is to improve people’s lives and to create a new cross-chain recycling economy model. We accomplish this by utilizing all of the scientific and innovative power at our disposal to create value from waste and to tackle some of the world’s most difficult challenges. We are so committed to making the world a better place that our company strategy is aligned with the United Nations’ Sustainable Development Goals 7, 11, 12, 13 and 17.