Fairbrics
Fairbrics is driving transformation across the fashion, chemical, and packaging sectors by exploring ways in which the excess CO2 emissions that are released in the atmosphere can be recycled and re-imagined as a valuable resource.
The fashion industry generated almost 5% of all man-made CO2 emissions in 2015 – more than aviation and shipping combined. About 40% of all emissions produced by the fashion sector arise from the manufacture of synthetic fiber. Current sustainable solutions are incapable of meeting the demands of a rapidly expanding market.
Fairbrics is developing the first synthetic fiber that has a net positive impact on the environment and is still capable of meeting the demand of the market.
Fairbrics is also introducing game-changing technologies in the chemical and packaging sectors. In chemical industries, the company is reimagining how essential products are manufactured, introducing ways to recycle CO2 into the production process. In the world of packaging, which accounts for 31% of the global plastics used, Fairbrics is creating plastic packaging solutions that contribute to the reduction of the industry’s carbon footprint.
Founders
Benoit Illy
CEO
Benoît holds an award-winning PhD in Materials Science from Imperial College London. Over the past decade, he has taken several high-tech projects from the laboratory to large-scale industrial success at major manufacturing companies such as Saint-Gobain and Safran, across Europe and the US.
Tawfiq Nasr Allah
CTO
During his PhD studies at Université Paris-Saclay, Columbia University and working as a researcher at the French Alternative Energies and Atomic Energy Commission (CEA), Tawfiq pioneered the field of CO2 transformation and developed technologies that transform this harmful waste into high-value compounds.
Milestones
Founded at Entrepreneur First
Seed ($1 million) led by Angels
Series A ($22 million) led by the European Union's Horizon funding program