IKEA GreenTech Invests In DyeCoo Technology
IKEA GreenTech AB — a venture capital division of IKEA Group, Sweden — has invested in the
Netherlands-based DyeCoo Textile Systems BV to support DyeCoo's waterless textile dyeing
DyeCoo's supercritical fluid carbon dioxide (SCF CO2) dyeing technology uses recycled CO2 instead of water and requires neither auxiliary chemicals nor a drying process. Its current technology is used to dye polyester fabrics. The partnership with IKEA GreenTech not only will help DyeCoo ramp up the polyester dyeing system but also will help it accelerate the development of cotton-dyeing processes and machinery.
"IKEA strives to have a positive impact on people and the planet," said Steve Howard, chief sustainability officer, IKEA Group. "By helping to scale the DyeCoo system for use with larger production volumes, we could help to make a big difference for the environment as well as workers and communities around textile facilities."
Beaverton, Ore.-based apparel and footwear company Nike Inc.'s strategic partnerships group worked alongside IKEA GreenTech throughout the investment process. In 2012, Nike invested in DyeCoo's technology to produce a line of apparel for elite athletes, with an idea of eventually using it to dye a much larger segment of its products.