Infinited Fiber Co. (IFC), a Finland-based textile startup, is focussed at enhancing its technology that makes new textile fibres out of textile and other pulp-based waste materials.
The technology converts wastages created by textile, cardboard and agriculture industries into new fibres, which can further be recycled without affecting its quality.
For manufacturing, it involves three main phases: fibre separation, turning material into liquid and turning liquid into fibre. The new fibre can be used in fashion, home textiles, disposable personal care products and technical products.
The business model is to licence the company’s technology for global fibre producers in textile and non-woven industries. The company is all set to open a new pre-commercial 500-tonne per annum plant and customer training centre that will start in early 2020; for the same, the company recently leased production facilities in Valkeakoski city, Southern Finland.
Also, since early last year, IFC has operated a 50-tonne per annum pilot plant in Espoo, Finland that produces Infinited Fiber for testing purpose with global brand owners such as H&M, VF Corporation and their manufacturers.
The company is backed by its largest single investment from Singapore-based viscose specialist Royal Golden Eagle (RGE). RGE joins a group of investors that already included H&M Group, Virala and Fortum and has also entered into a strategic alliance to commercialise the startup’s technology.
Further on the same, Tey Wei Lin, President, RGE said, “RGE is keen to support innovative next-generation solutions that can be applied at an industrial scale. IFC’s technology is exciting as it brings together the use of recycled feedstock and clean solvent in a circular fashion to produce fibres.”
Besides, the start-up has raised EUR8m of funds this year, including EUR1.6m awarded by the European Innovation Council (EIC). “This new investment supplements the earlier partnerships with H&M Group, Virala and Fortum. We are delighted to have RGE on board as a strategic partner as we can apply what we learn from their global operations to accelerate our plan to bring our technology to large-scale manufacturing,” said Petri Alava, CEO, IFC.
He further added “This new financing will help us to finalise the scaling of the technology and to extend our fibre production capacity to enable global leading brands to bring capsule collections to the markets in 2020.”