Fouriertransform, a Swedish Government-owned investment company, together with the private investor Girincubator, has invested Euros 4.98 million in re:newcell, a Swedish innovation company, to build the world’s first production line for textile pulp from recycled textiles in Kristinehamn, Värmland, thus making 100 per cent circular garments a reality.
Commenting on the partnership, Per Aniansson, Investment Director, Fouriertransform said, “re:newcell lines with Fouriertransform’s strategy to invest in world-class manufacturing industry with high innovation and opportunity for global growth. The technology represents a potentially important future circular solution to responsibly manage the challenge to meet the growing world demand for cotton textiles.”
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The increased production of textiles is one of the big global environmental challenges as cotton requires irrigation and is often grown in arid countries which largely impacts the local water supply. Furthermore, petroleum-based synthetic fibres, such as polyester, emit large amounts of greenhouse gases and are not bio-degradable. Girincubator wants to reduce the environmental impact from the textile industry by recycling cellulosic based textiles such as cotton and viscose.
“The goal with re:newcell is to be part of creating a modern textile industry with resource-efficient processes and materials. It is with great pleasure that we take the next step in its development, with a first production line and a very strong ownership,” said Malcolm Norlin, Co-founder of re:newcell and Chairman of Girincubator.
Bharat Tex Special Report 2026 
