Investment firms to invest SEK 48 million in Sweden's re:newcell to build production line for textile pulp from recycled textiles




STOCKHOLM, September 26, 2016-

Fouriertransform, the Swedish government owned investment company, together with the private investor Girincubator, today announce a SEK 48 million investment in the Swedish innovation company re:newcell. The investment is used to build the world’s first production line for textile pulp from recycled textiles. Thus making 100% Circular garments a reality.

With new consumption patterns and an evolving middle class, especially in Asia, the increasing production of textiles is one of the largest global environmental challenges. With the increasing shortage of cotton on the market, oil-based textiles, such as polyester, are filling the gap of demand. Such oil-based synthetic fibres emit large amounts of greenhouse gases and are not bio-degradable. Therefore, it is important to recycle the existing resources to decrease the textile industry’s environmental impact.


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