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 fibers for the global market. Infinited Fiber Company will decide on the location by September.
“This marks an exciting next phase for Infinited Fiber Company. We are seeing great demand for our circular Infinna textile fiber 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.
Infinited Fiber Company’s technology turns cellulose-based raw materials, like cotton-rich textiles, used cardboard or rice or wheat straw, into Infinna, a unique, premium textile fiber with the natural, soft look and feel of cotton.The company operates pilot facilities in the cities of Espoo and Valkeakoski, Finland, with a combined nominal capacity of 150 metric tons/annum. The planned flagship factory will have an annual capacity of 30,000 metric tons/annum and will use textile waste as feedstock.
“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 plant’s entire output is intended for export. Infinited Fiber Company is negotiating offtake agreements with several global fashion and textile brands and believes agreements will be in place before the end of 2021, securing the factory’s entire output capacity for several years.
The total investments for setting up the flagship plant are estimated at around 220 million euros. Infinited Fiber Company expects its ongoing evaluation into financing options for the plant to be completed soon. The plant is expected to be operational in 2024.