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Infinited Fiber plans to build €220 mn flagship factory in Finland

21
Apr '21
Pic: Infinited Fiber Company
Pic: Infinited Fiber Company
Circular fashion and textile technology group Infinited Fiber Company is looking for a location in Finland to build a flagship factory to produce its unique, regenerated textile fibres for the global market. The factory, for which location will be finalised by September, will have a capacity of 30,000 MT/annum and will use textile waste as feedstock.

“This marks an exciting next phase for Infinited Fiber Company. We are seeing great demand for our circular Infinna textile fibre from global fashion brands. Setting up our own plant is a response to this demand. While technology licensing remains central to our long-term business strategy, this plant will speed up the availability of Infinna to the global fashion and textile market in the short- to medium-term,” said Infinited Fiber Company co-founder and CEO Petri Alava in a media statement.

Infinited Fiber’s technology turns cellulose-based raw materials, like cotton-rich textiles, used cardboard or rice or wheat straw, into Infinna, a unique, premium textile fibre with the natural, soft look and feel of cotton. The company currently operates pilot facilities in the cities of Espoo and Valkeakoski, Finland, with a combined nominal capacity of 150 metric tons/annum.

“Finland has a long history of cellulose-based industries, excellent engineering capabilities and a strong drive to become a leader in circularity. We are currently considering several potential locations across Finland where the existing infrastructure is supportive of our plans,” Alava said.

The total investments for setting up the flagship plant are estimated at around €220 million. Infinited Fiber expects its currently ongoing evaluation into financing options for the plant to be completed soon. The plant is expected to be operational in 2024.

International technology group Andritz will be a key supplier of the process equipment for the new plant.

Finnish waste management company Lounais-Suomen Jätehuolto Oy (LSJH), which is owned by 17 municipalities in South-West Finland, will supply raw material to Infinited Fiber’s flagship plant from the full-scale textile waste refinement plant it is preparing in the Turku region of Finland. The plant will process all the end-of-life textiles of Finnish households in cooperation with other municipality-owned waste management companies.

Fibre2Fashion News Desk (RKS)


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