Singapore-based viscose producer RGE has joined a group of investors to help a Finnish fibre producer scale up its technology that turns cotton-rich textile waste and other pulp-based materials into regenerated cellulosic fibres.
Infinited Fiber Company has already raised €8m (US$8.9m) this year, including €1.96m (US$2.17m) awarded by the European Innovation Council.
Other investors include Sweden-based fashion retailer H&M, and energy company Fortum and equity company Virala, both of Finland.
For the full story, see the September 2019 edition of Textiles South East Asia. Not a subscriber? Sign up HERE