Backed by €30m funding and orders from global brands, Finnish cleantech will build flagship factory to scale production of regenerated biodegradable microplastic-free textile fibers.
Why
Upcoming EU regulation
Textile waste recycling will be mandatory by 2025 across EU member states.
Increasing fabric waste
Over 92m tons of textile waste are produced each year, mostly dumped into landfills.
Microplastics pollution
Recycled plastic clothing still sheds tons of microplastic fibers when washed, polluting the ocean.
Market
146m tons
Forecast global fiber production by 2030, up 30% from 111m metric tons in 2019, with synthetic fibers accounting for over 60% of total production: Textile Exchange 2020.
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