HELSINKI – A Finnish tech business which produces a cotton-like fibre from recycled fibres and cellulose has announced it has raised €3.7m in funding from investors H&M Group, Fortum and Virala. Infinited Fiber Company (IFC) currently runs a 50-tonne pilot plant in Finland and plans to ramp up annual production to 500-tonnes to meet demand from brand.
Infinited Fiber was born in VTT Technical Research Centre of Finland, one of the leading research and technology organisations in Europe. The business has developed a patented process which can turn textile and paper waste into new fibres for the textile industry. The process is also claimed to be flexible enough to be integrated into existing pulp, dissolving pulp and viscose fibre plants, while the quality of Infinited Fiber claimed to be on par with viscose and cotton.
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