Recycling textiles

Once again this is my own thought and does not so represent The Worlddrum Project. One of the large p roblems of our lifestyle is the enormous amoiunts of textiles beeing thrown away. Some of these is offcourse usable and can be sold in second handstores. But how about those being thrown. Alot of these is made of diffrent kind of plastics and beeing for instacne burned. What if someone can find a way of recycling them? That could be insulation in houses or other things. If somebody has the capasity and knowledge in how to do that, they would probably get rich and helping the environment. They have almost unlimited suplies and the only cost would be collecting and processing. I have not got the knowlege, neither do I have a goal in getting rich. So if anyone can use this idea and develop it, please feel free. If you should succeeed please share this technology with others. Only by sharing can we make the changes necceseary to save our environment