f
  •  
H&M, IKEA and Stora Enso backed TreeToTextile builds sustainable fibre demo plant © Reuters. Closed shop due to the COVID-19 pandemic in Munich

STOCKHOLM (Reuters) - A venture part-owned by Finnish forestry group Stora Enso (OTC:SEOAY), Sweden's H&M and IKEA said on Tuesday it was set to build a demonstration plant in Sweden for a new, more sustainable wood-based textile fibre after years of research.

To markedly reduce their climate footprint and pollution, large apparel and furniture brands are in dire need of affordable greener alternatives to cotton, traditional viscose and polyester. Several Nordic pulp makers are part of projects developing new clean ways https://www.reuters.com/article/us-nordics-forestry-idCAKCN0WF076 to turn trees into textile fibre.

TreeToTextile said in a statement its plant would have a production capacity of 1,500 tonnes and its owners would fund the bulk of the 35 million euro ($42.6 million) investment.

"The novel process is deliberately designed to have low energy demand and low chemical need. It is engineered to suit large scale production and includes a recovery systemfor reusing chemicals," it said.

"By investing in a demonstration plant, we are finally on the go. With it we are turning years of R&D into reality to increase the biobased share on the textile market to support climate action."

TreeToTextile, whose fourth part-owner is innovator Lars Stigsson, said the plant would be located at Stora Enso's Nymolla mill in Sweden, and its construction would start in the near future.

Viscose is the main existing textile fibre from wood pulp - followed by the newer lyocell which has a cleaner manufacturing method. Production is dominated by Austria’s Lenzing, India’s Aditya Birla and China’s Sateri.

($1 = 0.82 euros)


Other relevant articles 
[2021-02-22 13:20:47] U.S. Crude Will Help to Set Global Brent Oil Benchmark From 2022
[2021-02-18 12:35:07] Greece passes law to lure private family wealth-management...
[2021-02-16 12:20:03] With Trump impeachment trial over, wounded Washington grapples...
[2021-02-14 20:30:20] Alpine skiing: Kriechmayr joins Miller and Maier with golden double
[2021-02-14 12:25:18] With Trump impeachment trial over, wary Washington seeks to move...
[2021-02-13 23:25:16] Factbox: Seven Republicans vote to convict Trump in impeachment trial
[2021-02-13 12:30:14] Trump impeachment trial could wrap up on Saturday, conviction seen unlikely
[2021-02-12 23:35:12] Republican enthusiasm for second Trump term lags as impeachment...
[2021-02-11 12:30:08] Democrats to focus on "terrible toll" of riot as Trump...
[2021-02-10 18:50:04] Democrats to show new graphic video of Capitol assault in Trump impeachment trial
[2021-02-10 17:25:03] Poll finds 47% of Americans favor Trump conviction in impeachment trial: poll
[2021-02-09 13:25:02] Dow Futures Down 60 Pts; Earnings and Impeachment Ahead
[2021-02-09 12:30:03] After deadly Capitol riot, Trump impeachment trial to open with fight on...
[2021-02-08 23:00:26] Twitter Profit, Bitcoin Surge, Impeachment Trial 2.0: 3 Things to...
[2021-02-08 16:45:22] Scarred by riot, U.S. Capitol a fortress for Trump impeachment...
[2021-02-08 15:50:23] Trump faces trial filing deadline as second Senate impeachment...
[2021-02-07 18:55:21] U.S. Senate to pause Trump impeachment trial at end of week for...
[2021-02-05 19:20:11] Trump impeachment defense to attack the process, lawyer says
[2021-02-04 19:25:08] House impeachment managers ask Trump to testify under oath next week
[2021-02-02 20:30:05] Trump uses impeachment response to vent about election defeat
[2021-02-02 12:20:04] Trump lawyers to file pretrial documents with U.S. Senate in...
[2021-02-01 12:50:43] Trump faces Tuesday deadline to deliver formal response to impeachment as trial looms
[2021-02-01 12:00:25] Trump parts ways with impeachment lawyers: sources
[2021-02-01 00:35:27] Trump names lawyers to lead his impeachment defense team
[2021-01-31 03:05:23] Trump parts ways with impeachment lawyers: source
[2021-01-29 06:05:14] China paper urges tougher curbs on algorithms used by online...
[2021-01-26 16:45:04] Trump impeachment trial faces challenge from Republican Senator Paul
[2021-01-25 16:00:24] Luxury watchmaker Hublot expects China to drive sales rebound in...
[2021-01-25 13:10:22] IKEA lowers climate footprint helped by pandemic and...
[2021-01-25 12:10:35] U.S. House to bring Trump incitement charge to Senate, launching...
[2021-01-24 18:50:20] UAE cabinet approves setting up embassy in Tel Aviv
[2021-01-23 21:50:15] Prominent Senate Republican warns Trump trial could spark more impeachments
[2021-01-23 04:05:14] In Senate deal, Trump impeachment trial put off until early February
[2021-01-21 22:05:08] Trump hires South Carolina lawyer Bowers for impeachment defense
[2021-01-21 17:45:09] U.S. House Speaker Pelosi says seeks clarity on Senate readiness...
[2021-01-21 02:10:10] Biden will leave mechanics of Trump impeachment trial to Senate:...
[2021-01-19 15:30:04] A Picture and its Story - Protests, rallies and two impeachments:...
[2021-01-14 20:50:08] U.S. in uncharted waters in unprecedented second impeachment of...
[2021-01-14 18:10:08] Poshmark Soars in Yet Another Star IPO
[2021-01-14 03:45:10] Asian Stocks Up Over Expectations of Further U.S. Stimulus, Trump...
[2021-01-14 00:00:17] Explainer: Impeachment or the 14th Amendment - Can Trump be barred from future office?
[2021-01-13 22:15:18] Dow Flat as Focus Shifts to Historic Trump Impeachment Vote
[2021-01-13 22:05:08] Factbox: Six Republicans back Trump impeachment after storming of...
[2021-01-13 20:00:11] Dow Kept in Check on Political Tensions as House Readies Impeachment Vote
[2021-01-13 15:45:08] U.S. House begins debating impeachment of Trump
[2021-01-12 22:05:05] Impeachment Repeat, Consumer Prices, Beige Book: 3 Things to...
[2021-01-12 16:35:05] Trump says impeachment moves causing anger, but "I want no...
[2021-01-12 14:20:03] Opening Bell: Futures, Global Stocks Rebound Despite U.S. Impeachment...
[2021-01-11 13:55:23] U.S. House to consider impeachment article on Wednesday -lawmaker
[2021-01-10 22:50:19] Trump may turn to Giuliani again to defend against impeachment
[2021-01-10 06:20:22] Democrats push toward second Trump impeachment, Republican support uncertain
[2021-01-09 21:15:19] U.S. House Democrats to introduce Trump impeachment article on Monday
[2021-01-09 09:15:32] An isolated Trump, cut off from Twitter, faces a new drive for impeachment
[2021-01-08 00:15:10] U.S. House Judiciary Chairman Nadler supports immediate impeachment of Trump
[2021-01-07 00:05:11] U.S. lawmaker says she is drawing up impeachment papers on Trump...
[2020-12-26 08:45:14] India detains 75 in Kashmir after local election
[2020-12-26 00:10:14] Frenchman has tested positive for new coronavirus variant
[2020-12-21 02:55:21] China leaves lending benchmark LPR unchanged for 8th straight...
[2020-12-15 11:45:03] StockBeat: H&M, Inditex Hit Speedbumps on the Road to Recovery
[2020-12-15 08:25:03] H&M fourth-quarter sales down 10% in local currencies
[2020-12-09 18:20:04] Swedish equality ombudsman launches discrimination probe into H&M after media report
[2020-12-07 13:20:22] IKEA turns the page: drops iconic catalogue after 70 years
[2020-11-30 15:15:23] Bank of Israel leaves benchmark rate unchanged at 0.1%
[2020-11-25 17:15:08] IKEA investment arm in talks to buy city-centre retail property...
[2020-11-21 09:40:18] India summons Pakistani diplomat over Kashmir gun battle
[2020-11-20 12:05:10] StockBeat: Surge, Schmurge: The Rotation Trade Is Intact
[2020-11-14 17:45:18] Rahm moves into tie for Masters lead in second round
[2020-10-25 03:00:29] Thomas and Rahm set for Zozo Championship showdown
[2020-10-19 11:40:22] China expected to keep benchmark LPR unchanged for sixth month
[2020-10-13 17:40:04] Unilever, JP Morgan entered into $500 million corporate swap...
[2020-10-13 13:20:03] Bored with your flat pack furniture? - IKEA will buy it back
[2020-10-13 01:25:25] U.S. ethics groups say Barr uses DOJ as political tool, call for his impeachment
[2020-10-06 14:30:04] IKEA eyes return to growth this year after sales shrank 4% in...
[2020-10-05 17:40:22] Euro ministers pick Dutchman Frank Elderson for ECB board job
[2020-10-01 13:30:08] Germany fines H&M 35 million euros for data protection breaches
[2020-10-01 09:30:08] H&M profit tops forecast as recovery gathers strength
[2020-09-25 03:00:17] Dollar off two-month peak, yuan gains on bond benchmark inclusion
[2020-09-24 21:55:08] Microsoft supports commission calling for re-establishment of US...
[2020-09-21 13:25:22] EU markets watchdog has no plans to scrap Euribor benchmark
[2020-09-21 03:55:22] China keeps lending benchmark LPR steady for fifth straight month
[2020-09-18 08:25:15] Watchmaker Maurice de Mauriac has a mechanism to avoid supply...
[2020-09-16 11:50:07] StockBeat: Inditex, H&M Put Fashion Back in Fashion
[2020-09-15 08:40:04] H&M reports preliminary June-August profit of around 2 billion...
[2020-09-02 15:15:07] IKEA stores owner Ingka plans 600 million euros in sustainability...
[2020-08-26 14:25:06] Watchmakers meet in Geneva to try to nurture recovery
[2020-08-19 07:50:07] China seen keeping benchmark LPR unchanged for fourth straight...
[2020-08-16 19:30:19] India restores 4G internet services in parts of Kashmir
[2020-08-11 15:30:04] HMD Global, maker of Nokia-branded smartphones, wins investment from Google, others
[2020-08-10 09:40:22] Lira Extends Drop in Sign of Further Turkish-Market Turmoil
[2020-08-06 18:05:07] Fashion giant H&M suspends employees over use of racial slur
[2020-08-04 17:55:04] iRhythm Technologies Soars on Proposed Medicaid/Medicare Fee Rule
[2020-08-04 15:55:04] New EU Bonds Seen As Rival Benchmark To U.S. Treasuries...Maybe
[2020-07-29 21:55:08] Republican Gohmert, who resisted masks, says tests positive for COVID-19
[2020-07-23 13:15:07] U.S. sets global benchmark for COVID-19 vaccine price at around...
[2020-07-20 03:50:21] China keeps lending benchmark LPR steady for third month, as...
[2020-07-20 02:00:24] Rahm wins Memorial Tournament to take over number one ranking
[2020-07-19 01:55:18] Rahm grabs four-shot lead at Memorial, eyes number one ranking
[2020-07-19 00:55:18] Rahm surges into third-round lead at the Memorial
[2020-07-17 09:15:13] China to keep benchmark lending rate unchanged for 3rd straight...
[2020-07-09 02:10:13] Japan May core machinery orders rise 1.7% month/month -...