Textile Exchange 19

October 11, 2019inPress Release

Our team is excited and looking forward attending the Textile Exchange’s Sustainability Conference & Exhibition next week (15-18 October) in Vancouver!

The mission of the event is Driving Impact through Integrity and Preferred Fiber & Materials.

The event is packed with industry experts covering today’s most pressing sustainability topics. IFC also has a booth in the exhibition, if you’re attending the event, please come and visit us there! 😊

Textile Exchange is a global non-profit that works closely with our members to drive industry transformation in preferred fibers, integrity and standards and responsible supply networks. We identify and share best practices regarding farming, materials, processing, traceability and product end-of-life in order to reduce the textile industry’s impact on the world’s water, soil and air, and the human population.

#TextileExchange19

#infinitedfiber

#circularfashion

Event website: https://www.eiseverywhere.com/website/2614/home/

Infinited Fiber Receives Lead Investment from RGE

August 15, 2019inPress Release

 – textile startup receives its largest single investment from global resource-based manufacturer to advance innovative fibre solutions technology 

Espoo, 15 August 2019, 12:00 – Singapore-based RGE Pte Ltd (“RGE”) joins a group of investors including H&M Group, Virala and Fortum to help Infinited Fiber Company Oy (IFC) scale up its technology that turns textile waste and other pulp-based materials into new textile fibres. A strategic co-operation agreement was also signed between RGE and IFC to commercialise the startup’s technology.

Since early 2018, IFC has been operating a 50-ton per annum pilot plant in Espoo, Finland, that produces Infinited Fiberfor testing purposes with global brand owners such as H&M, VF Corporationand their manufacturers.  Recently, the company leased production facilities in Valkeakoski city, Southern Finland, for a new pre-commercial 500-ton per annum plant and customer training centre that will start up in early 2020. 

“This new investment amount, the largest single IFC has received to date, supplements the earlier partnerships with H&M Group, Virala and Fortum, we announced in April this year.  We are delighted to have RGE on board as a strategic partner as we can apply what we learn from their global operations to accelerate our plan to bring our technology to large-scale manufacturing,” said Mr Petri Alava, CEO of IFC. “This new financing will enable us to finalise the scaling of the technology and to extend our fiber production capacity to enable global leading brands to bring capsule collections to the markets in 2020,” he added.

“RGE is keen to support innovative next-generation solutions that can be applied at industrial scale. IFC’s technology is exciting as it brings together the use of recycled feedstock and clean solvent in a circular fashion to produce fibres. Our viscose business groups, Sateri and Asia Pacific Rayon, collectively produce about 1.4 million tons of viscose annually using raw materials from renewable plantations.  As a leading viscose producer, we strive to continually seek solutions to improve the sustainability performance of our manufacturing practices and products,” said Mr Tey Wei Lin, President of RGE.

IFC has raised EUR 8 million of funds this year, including EUR 1.96 million recently awarded by the European Innovation Council (EIC).  

For more information, please contact:

Mr. Antti Ratia

Communications Manager, IFC

Tel. +358 400 715558, communications(at)infinitedfiber.com

Ms. Felicia Tang

Head, Communications & External Affairs, Viscose Business, RGE

felicia_tang(at)rgei.com

About IFC

Infinited Fiber technology can turn textile, cardboard and agricultural waste to new and better cotton. The brand-new fiber can be circulated infinite times while preserving 100 % quality.

The process has three main phases: 1. Fiber separation 2. Turning material into liquid 3. Turning liquid into fiber. 

The business model of IFC is to license the Infinited Fiber technology for global fiber producers in textile and non-woven industries. The end-use applications include fashion, home textiles, disposable personal care products (e.g. wipes, diapers, pads) and technical products (e.g. automotive filters, dairy, construction applications). The production process is protected by several patents in key market areas.

The sale of the first licensed commercial plant with an estimated capacity of over 25,000 tons per annum is scheduled for 2020-2021. The first pilot plant started up production in March 2018 and is selling solutions to several leading global brands. The company is currently running its 50-ton per annum pilot plant next to its HQ in Espoo (Finland) and is going to build a second pre-commercial 500-ton per annum plant to start up in Valkeakoski by early 2020. IFC employs 11 people and its turnover in 2018 was EUR 1.5 million. 

www.infinitedfiber.com

About RGE

RGE Pte Ltd manages a group of resource-based manufacturing companies with global operations.  Our work ranges from the upstream, comprising sustainable resource development and harvesting, to downstream, where our companies create diverse value-added products for the global market.  Our commitment to sustainable development underpins our operations, as we strive towards what is good for the community, good for the country, good for climate, good for customer, and good for company.  RGE was founded in 1973.  The assets held by RGE companies today exceed US$20 billion.  With more than 60,000 employees, we have operations in Indonesia, China, Brazil, Spain and Canada and continue to expand to engage newer markets and communities.

www.rgei.com

Infinited Fiber’s Summertime Events

May 22, 2019inPress Release

We would like to thank all of our visitors at Techtextil 2019 in Frankfurt! Infinited Fiber raised a lot of interest throughout the world and we had many fruitful discussions that will continue.

Moving forward, we are participating in couple of interesting events in June. The next event is WCEF (World Circular Economic Forum) in Helsinki 3-5 and the huge ITMA 20-26 June, the world’s leading textile and garment technology exhibition which is held every four years in Barelona. Our CEO Petri Alava will also be one of the speakers in the Planet Textiles summit 22ndof June at Fira de Barcelona. 

Let’s meet in the summertime events and keep on working for the sustainable future! #circulareconomy #sustainablefashion #climateaction #sustainablefiber #closedloop 

Infinited Fiber Company signs new partnerships with H&M Group, Fortum and Virala

April 16, 2019inFacebook,Press Release

Infinited Fiber Company Ltd. (IFC) has raised 3.7 million euros in funding from investors, including H&M Group, Fortum and Virala. IFC is currently running a 50-ton pilot plant in Finland and plans to increase the annual capacity of the next generation sustainable textile fiber production up to 500 tons in order to meet the growing demand from the market.

“I’m very proud that we have created a technology that enables textile waste to be used over and over again by producing a strong, sustainable fiber without compromising quality and comfort. We are delighted to welcome the global fashion retailer H&M Group, as well as Fortum, a leading clean energy and resource efficiency company, and Finnish investment company Virala, to be our new partners in closing the loop for textiles,” says Petri Alava, CEO of IFC. 

“We’re excited about the partnership with Infinited Fiber Company. Their innovation aligns perfectly with the H&M group’s sustainability goals and our vision to become fully circular. Infinited Fiber has proven significant potential to accelerate the journey from a linear to a circular fashion industry. We look forward to being part of developing and scaling this technology in the coming years”, says Erik Karlsson, Investment Manager for Sustainable Fashion at H&M group’s investment arm CO:LAB.

“Fortum is studying possibilities to grow business that is based on the more efficient use of biomass. We believe strongly in biorefining, new technologies and their role in a more sustainably produced textile fibre”, says Heli Antila, head of Fortum’sbusiness focusing on bio-based solutions.

In addition to cotton rich textile waste, the Infinited Fiber manufacturing process can use most material containing cellulose, e.g. recycled paper, cardboard and agricultural waste such as straw – nevertheless the reborn fiber will be the same. Properties of the Infinited Fiber include a natural soft look and feel, consistent proven quality, 30-40% better color uptake than competing fibers, it’s antibacterial and bio-degradable and has excellent moisture absorption qualities. In addition, it has a total cost competitiveness in the textile production supply chain. 

“A problem in the textile industry is the growing demand for cotton that simply isn’t available. We have proven that for example in denim applications, the commercial quality requirements can be reached with our Infinited Fiber. The global denim industry is pushing us to bring our solutions to the market. Our reborn Infinited Fiber is re-usable forever, carbon neutral and applicable like natural cotton without any microplastics harming the environment”, says Alava.

The business model of IFC is to license the Infinited Fiber technology for global fiber producers in textile and non-woven industries. The end-use applications include fashion, disposable personal care products (e.g. wipes, diapers, pads) and technical products (e.g. automotive filters, dairy, construction applications). The production process is protected by several patents in key market areas.

The sale of the first licensed commercial plant with a capacity of 25,000 tons is scheduled for 2020-2021. The pilot plant started up production in March 2018 and is selling solutions to several leading global brands.

For more information, please contact:

Mr. Petri Alava, CEO                                 

Tel. +358 50 1483, petri.alava@infinitedfiber.com                   

Mr. Antti Ratia, Communications Manager

Tel. +358 400 715558, communications@infinitedfiber.com

IFC in brief

Infinited Fiber technology can turn textile, cardboard and agricultural waste to new and better cotton – infinitely. Originally technology was developed by VTT, the Technical Research Institute of Finland, by multimillion investment. All the rights and know-how were transferred to Infinited Fiber Company in early 2018. The technology process has three main phases: 1. Fiber separation, 2. Turning material into liquid, 3. Turning liquid into fiber. 

IFC offers carbon neutral fiber regeneration technology for textile and non-woven industries. The company is currently running its 50-ton pilot plant in Espoo (Finland) and has plans to increase the capacity up to 500 tons by 2020. IFC employs 11 people and its turnover in 2018 was 1.5 million euros. 

www.infinitedfiber.com