KEMI – Finnish textile innovator Infinited Fiber Company (IFC) has outlined plans to establish a second commercial-scale factory in its homeland, which is expected to produce upwards of 30,000 tonnes of its proprietary material each year.
An estimated €400 million (US$420m) has been earmarked to support the project, and a site in the city of Kemi – formerly owned by renewable materials company Stora Enso – has been selected for conversion.
IFC’s chief executive and co-founder, Petri Alava, commented: “Finland has solid bioeconomy know-how and is very supportive of circular economy innovations. We see these as major strengths that enable Finland to become a leader in the creation of the new, circular economy-based textile industry value chain.”
