Circ

11 statements across 1 episodes · 7 bullish · 0 bearish · 1 people on the record · first statement Sep 7, 2023 by Peter Majeranowski · said 7 times in 1 episodes since 2023 · across every show →

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brought up most by Guy Raz (5), Peter Majeranowski (2)

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Everything said about Circ, oldest first

Sep 7, 2023
Assertion Not checkable as stated
Circ's continuous textile recycling process takes about 15 minutes end-to-end
“From, and it's a continuous process too, so we're now doing it in a continuous way, but the, from end to end, it's about 15 minutes.”
Peter Majeranowski Sep 7, 2023 ▶ 23:39 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023
Disclosure
Circ funded early R&D with millions in Virginia Tobacco Commission grants
“We did have some investment from individuals high net worth individuals, and we had millions of dollars of grants from the Virginia Tobacco Commission, for example.”
Peter Majeranowski Sep 7, 2023 ▶ 9:43 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Assertion Supported
Zara parent Inditex targeted 40 percent recycled materials for its clothing
“Yeah, well, in the text, the parent of Zara just put out their targets where they want to have 40% of their clothing made from recycled sources, an additional 25% from next generation materials, which we would fall in both categories.”
Peter Majeranowski Sep 7, 2023 ▶ 27:37 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 bullish
Disclosure
Circ is planning its first facility to process 65,000 tons annually
“The bulk of the funds we've recently raised are going towards the engineering and planning for our first [1374] Peter Majeranowski: Really large-scale integrated facility, and that would process about 65,000 tons per year.”
Peter Majeranowski Sep 7, 2023 ▶ 22:48 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Disclosure
Circ was Zara parent company Inditex's first-ever technology investment
“We were their first technology investment, and they've been fantastic partners to work with.”
Peter Majeranowski Sep 7, 2023 ▶ 24:17 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023
Disclosure
Circ raised approximately $50 million over the past year
“In the last year alone, we've raised about fifty million.”
Peter Majeranowski Sep 7, 2023 ▶ 22:16 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Assertion Not checkable as stated
Patagonia cold-called Circ to recycle warehouses of unrepairable used garments
“One of our first cold calls was from Patagonia, and they have a take-back program where you can come in with a Patagonia garment that's used, it doesn't matter how old, it'll give you some value for it, and then they try to resell it. Or they'll even try to re…”
Peter Majeranowski Sep 7, 2023 ▶ 13:19 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Assertion Supported
Polyester can be chemically unpolymerized and repolymerized almost infinitely
“Whenever you have a chemical engineering process, you always have a little bit of loss from just material handling and things like that, but the polyester can get repolymerized and unpolymerized, you know, back and forth, essentially infinitely.”
Peter Majeranowski Sep 7, 2023 ▶ 16:19 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Disclosure
Circ recycles over 90 percent of its hydrothermal process water
“It does, but we recycle over 90% of it back into the beginning of the process.”
Peter Majeranowski Sep 7, 2023 ▶ 17:05 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 neutral
Assertion Supported
Manufacturing a shirt generates roughly an extra shirt's worth of waste
“To make a shirt. It takes about another shirt worth of waste along that whole supply chain to produce it. And most of it is that that final step when you're cutting patterns. [1197] Guy Raz: Discarding, just discarding the textiles from what you're not using t…”
Peter Majeranowski Sep 7, 2023 ▶ 19:43 Threading the future of circular fashion with Peter Majeranowski of Circ
Sep 7, 2023 positive
Assertion Supported
Zara and Circ released the first polycotton waste clothing collection
“It was a four-piece collection we released back in May during Design Week in Milan. It was the world's first collection made from polycotton waste.”
Peter Majeranowski Sep 7, 2023 ▶ 23:56 Threading the future of circular fashion with Peter Majeranowski of Circ
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