Naeco Fibers

fibers.naeco.com ↗ ·Oviedo ·Other

Naeco Fibers manufactures 100% recycled polyester fiber and geotextile matting from post-consumer PET waste (bottles, trays, textiles) at an integrated plant in Olloniego, Oviedo (Asturias, Spain), with three product lines — solid, hollow and conjugated hollow fiber — sold into automotive, geotextiles, textiles, construction, hygiene, healthcare and filtration. It is not a venture-backed startup but an industrial joint venture created in June 2022 between Asturian circular-economy group Naeco (formerly Nortpalet) and Korean polyester-fiber producer Mecen IPC, backed by an €11M investment plan and a commitment to create 42 jobs over five years. It has no VC or growth-equity investors; its funding comes from regional public and quasi-public instruments.

Founded

2022

Founders

Total funds raised

—

Rounds

Investors

SectorsCircular Economy, Recycling, Advanced Materials, Textiles, Industrial Manufacturing, Sustainability Start-up MapEnergy & Climate › Waste valorisation & biomaterials

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Founders

Antón Fernández Gutiérrez

CEO (Naeco Group; founding administrator of Naeco Fibers)

Global models 4

Syre

Sweden · syre.com ↗

Builds plants that turn polyester waste into recycled polyester for textile makers, selling the recycled material to industrial buyers.

$100MComparable

Samsara Eco

Australia · www.samsaraeco.com ↗

Recycles post-consumer PET and nylon waste into new polymer raw material that it supplies to textile and packaging manufacturers.

$95MComparable

Circ

United States · circ.earth ↗

Turns post-consumer polyester and poly-cotton textile waste into recycled polyester and cellulose feedstock that it sells to fibre and apparel makers.

$90MComparable