Environment
Circ will build a $500 million cotton and polyester recycling plant in France
The French government and European Union have given Circ, a U.S. textile recycler, the backing to build a $500-million plant in France. This will be the world's first industrial facility to recover cotton and polyster on a large scale. The French government announced on Friday that the Saint-Avold plant in the north-east of the country, will have the capacity to process 70,000 tons per year once it begins operating in 2028. It will employ 200 workers. Peter Majeranowski, chief executive of the company, said that the plant, which is funded by a combination of equity and debt and a 450...