Michelin Partners with Syntetica to Industrialize Chemical Recycling of Textiles
Syntetica, a deeptech startup specializing in chemical recycling of textiles, and Michelin's Sustainable Materials Center announced on Thursday a collaboration to transform a laboratory technology into an industrial solution. The pilot plant will be located at the Michelin Innovation Park in Clermont-Ferrand.
Depolymerization Process Serving the Circular Economy
The collaboration combines Michelin's industrial expertise, a recognized player in material science for over 130 years, with the patented chemical recycling process developed by Syntetica. The project enables, for the first time, the industrial-scale recycling of mixed textiles rich in nylon without prior sorting. Syntetica's technology operates at low temperatures and produces high-purity recycled nylon 6 and nylon 6,6, suitable for textile, automotive, and industrial applications. The pilot installation will benefit from the industrial facilities, technical teams, and operational excellence of the Sustainable Materials Center.
Volumes and Timeline of the Pilot Project
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The pilot project aims to recycle several tons of textiles from the initial phase, with a gradual increase to industrial volumes. A future demonstration project is planned starting from 2027. This collaboration is part of a structured European regulatory framework, marked by the mandatory separate collection of textiles from 2025 and increasing requirements for recycled content starting from 2027.
A Platform for Extension to Other Polymers
The pilot installation at the Sustainable Materials Center is the first step in a broader ambition, supported by Syntetica's green chemistry platform. This platform is designed to extend to other polymers and pave the way for a new generation of circular industrial solutions.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 19 175 millions d'euros
Quarterly revenue: 19 175 millions d'euros
Revenue growth: -0,5 %
Guidance from the release
Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
