With fashion's carbon footprint recently estimated at roughly two per cent of the global total, turning greenhouse gases into textiles sounds like the holy grail in terms of reducing the industry's impact on climate change.

However, a small but growing number of companies are trying to do exactly that. Chicago-based LanzaTech made headlines last year by working with Zara and Lululemon to make garments from captured steel mill emissions.

Another startup, Rubi Laboratories from San Francisco, recently raised US$4.5 million in a successful seed funding round to develop its method of producing cellulose from CO2.

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Founded in 2006, Ecotextile News is the environmental magazine for the global textile and fashion industries and provides unrivalled daily coverage, comment and expertise in both print and online formats.