STOCKHOLM – A Swedish government owned investment vehicle, together with a private investor have pumped SEK 48 million (€4.9M) into an ongoing project to build the world’s first production line for converting recycled cotton and viscose textiles into cellulosic pulp that can then be used to make man-made textile fibres.
The new investment in Re:newcell is intended to create a closed-loop system and follows on from further investment earlier this year to build a Re:newcell pilot facility inside the AkzoNobel facility in Kristinehamn, Sweden, which is expected to be completed during the first quarter of 2017.
