{"id":111779,"date":"2022-07-04T07:15:00","date_gmt":"2022-07-04T05:15:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=111779"},"modified":"2022-06-29T13:17:19","modified_gmt":"2022-06-29T11:17:19","slug":"infinited-fiber-picks-site-of-shut-paper-plant-in-finnish-lapland-for-its-planned-eur-400-million-textile-fiber-factory-investment","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/infinited-fiber-picks-site-of-shut-paper-plant-in-finnish-lapland-for-its-planned-eur-400-million-textile-fiber-factory-investment\/","title":{"rendered":"Infinited Fiber picks site of shut paper plant in Finnish Lapland for its planned EUR 400 million textile fiber factory investment"},"content":{"rendered":"\n\n\n<ul class=\"wp-block-list\"><li><strong>Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale Infinna\u2122 fiber factory at Stora Enso\u2019s Veitsiluoto industrial site in the city of Kemi in Finland\u2019s northernmost region of Lapland. Infinited Fiber Company plans to convert a building currently housing a discontinued paper production line.&nbsp;<\/strong><\/li><li><strong>The size of Infinited Fiber Company\u2019s planned investment is around EUR 400 million.<\/strong><\/li><li><strong>The planned factory is expected to create around 270 jobs at the Veitsiluoto industrial site.&nbsp;<\/strong><\/li><li><strong>The factory is expected to operate at full capacity in 2025.<\/strong><\/li><\/ul>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9.png\" alt=\"\" class=\"wp-image-111782\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9.png 1024w, https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9-300x200.png 300w, https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9-150x100.png 150w, https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9-768x512.png 768w, https:\/\/renewable-carbon.eu\/news\/media\/2022\/06\/image-9-400x266.png 400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Stora Enso\u2019s Veitsiluoto industrial site in the city of Kemi in Finland\u2019s northernmost region of Lapland.<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Fashion and textile technology company Infinited Fiber Company plans to build a commercial-scale factory to produce regenerated textile fiber for the world\u2019s leading apparel companies at the site of renewable materials company Stora Enso\u2019s closed Veitsiluoto paper mill in Kemi, a Finnish city on the northern shore of the Baltic Sea. The size of the investment is estimated at EUR 400 million, and it is expected to create around 270 jobs in the area. The annual fiber production capacity of the planned factory is expected to be 30,000 metric tons, which is equivalent to the fiber needed for about 100 million T-shirts.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p>Infinited Fiber Company\u2019s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fiber called Infinna\u2122, which looks and feels like cotton. Major international fashion and apparel companies \u2013 including Zara\u2019s parent company&nbsp;<a href=\"https:\/\/infinitedfiber.com\/blog\/2022\/05\/12\/inditex-signs-a-three-year-commitment-to-buy-infinna-for-over-eur-100-mln\/\">Inditex<\/a>,&nbsp;<a href=\"https:\/\/infinitedfiber.com\/blog\/2022\/05\/09\/pvh-europe-accelerates-commitment-to-circularity-through-partnership-with-infinited-fiber-company\/\">PVH Europe<\/a>, which is known for the Tommy Hilfiger brand,&nbsp;<a href=\"https:\/\/infinitedfiber.com\/2021\/06\/28\/patagonia-and-infinited-fiber-seal-multiyear-sales-deal\/\">Patagonia<\/a>,&nbsp;<a href=\"https:\/\/infinitedfiber.com\/blog\/2022\/04\/05\/pangaia-launches-worlds-first-shirts-made-with-100-infinna\/\">PANGAIA<\/a>,&nbsp;<a href=\"https:\/\/infinitedfiber.com\/2021\/07\/05\/infinited-raises-eur-30-million-adidas-and-bestseller-among-new-investors-hm-group-leads-financing-round\/\">H&amp;M Group and BESTSELLER<\/a>&nbsp;\u2013 have already committed to Infinna\u2122 purchases through multi-year agreements as they look for materials that enable the industry to shift towards circularity. Infinited Fiber Company expects to export most of the output of its planned factory. This makes Kemi an ideal location as the city\u2019s port serves as an efficient link to the rest of the world.&nbsp;<\/p>\n\n\n\n<p>Infinited Fiber Company will convert a building housing a discontinued paper production line into an Infinna\u2122 fiber factory. Both the factory engineering and project implementation as well as the related financing negotiations were commenced at the beginning of the year and are progressing well. Infinited Fiber Company has also agreed on the provision of energy and water related services with utility infrastructure company Nevel.&nbsp;<\/p>\n\n\n\n<p>Once up and running, the factory is expected to provide direct employment for around 220 people, and for a further 50 through on-site support functions such as services, maintenance, and logistics. The additional indirect employment impact is estimated to be around 800 jobs. The construction and installation phase is expected to create jobs equaling around 120 person-years. The factory is anticipated to operate at full capacity in 2025.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Finland can lead the way in textile circularity<\/strong><\/h3>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cCircularity is at the heart of our business. We aim to make use of existing resources in all that we do, which makes the historic Veitsiluoto industrial site a great fit for us. At the same time, we will be creating new export products and jobs,\u201d says<strong> Infinited Fiber Company CEO and co-founder<\/strong>\u00a0<strong>Petri Alava<\/strong>. \u201cFinland 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.\u201d<\/p><\/blockquote>\n\n\n\n<p>Infinited Fiber Company selected the Veitsiluoto industrial site after reviewing dozens of potential premises across Finland. Decisive factors supporting the decision included the site\u2019s excellent existing infrastructure, the availability of fresh water, renewable electricity and energy, efficient port services, and local skilled labor.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe are pleased to get part of the Veitsiluoto site utilized and happy about the investments and jobs that Infinited Fiber Company is set to bring there,\u201d says <strong>Stora Enso Chief Financial Officer and Finland Country Manager\u00a0Seppo Parvi<\/strong>.<\/p><p>\u201cSupporting the transition to a climate-positive future through long-term cooperation is extremely important for us. We are delighted to be a utility infrastructure partner for Infinited Fiber Company as it prepares to build its factory in Veitsiluoto, and we believe that this collaboration will also create new opportunities in the area,\u201d says\u00a0<strong>Thomas Luther<\/strong>, <strong>CEO of Nevel<\/strong>.<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">About Infinited Fiber<\/h3>\n\n\n\n<p>Making textile circularity an everyday reality \u2013 that\u2019s our mission. Our technology captures the value in waste and turns it into lovely soft textile fibers proven to work beautifully in a wide range of fabrics. Together with our growing ecosystem of partners, we\u2019re bringing joy and hope back to closets, homes and people as we go.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale Infinna\u2122 fiber factory at Stora Enso\u2019s Veitsiluoto industrial site in the city of Kemi in Finland\u2019s northernmost region of Lapland. Infinited Fiber Company plans to convert a building currently housing a discontinued paper production line.&nbsp; The size of Infinited Fiber [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Recycling and green transition took a step forward when a Finnish company announced its plans to build a factory re-using textile waste","footnotes":""},"categories":[17143],"tags":[10416,11323,10453,12468],"supplier":[20525,19581,13778,20556,15358,1734,3357,551,19582],"class_list":["post-111779","post","type-post","status-publish","format-standard","hentry","category-recycling","tag-circulareconomy","tag-naturalfibers","tag-recycling","tag-textiles","supplier-hm-group","supplier-inditex","supplier-infinited-fiber-company","supplier-nevel","supplier-pangaia","supplier-patagonia","supplier-pvh-corp","supplier-stora-enso","supplier-zara"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/111779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=111779"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/111779\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=111779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=111779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=111779"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=111779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}