This amendment is solely concerned with removing the reference to the EU Market Abuse Regulation, which was erroneously included in the original press release distributed on December 6, 2022 at 8:30 am.
Stockholm, Sweden / Accesswire / 7 December 2022 / Re:NewCell AB (publ) (FRA:6QP) (STO:RENEW) Lenzing/Stockholm – Lenzing Group, the world’s leading supplier of sustainably produced specialty fibers, and Swedish textile-to-fiber recycling Pioneer Renewcell today signed a multi-year supply agreement to accelerate the textile industry’s transition from a linear to a cyclical business model. The deal includes the sale of 80,000 to 100,000 tonnes of Renewcell’s 100% recycled fiber Circulose® dissolving pulp to Lenzing over a five-year period, which will be used to produce cellulosic fibers for fashion and other textile applications. .
“The textile industry must change. By signing an agreement with Renewcell, a Swedish textile-to-textile recycling company, Lenzing will further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know it: moving to a circular economy is essential to address the industry’s enormous textile waste problem,” said Lenzing Group. says Christian Skillich, Chief Pulp Officer.
“Lenzing is a key player in the industry with an exciting track record of breakthrough technological excellence and sustainability leadership.Our new partnership will bring together fashion’s most important players. It is a perfect fit for Renewcell’s strategy of accelerating the scale-up of circular materials by making them more circular.We are very pleased to join forces with Lenzing with the common goal of making fashion circular.” Renewcell CEO Patrik Lundström said in a statement on the deal:
Canopy, a non-profit environmental organization dedicated to protecting forests, species and climate, welcomes the agreement between Lenzing and Renewsel.
“Accelerating the transition to low-impact circular production has been a challenge for the fashion industry for the last decade. to the market,” said Nicole Rycroft, Executive Director of Canopy. “As the climate and biodiversity clock ticks, the race to circularity is what all businesses need to win.”
Lenzing offers solutions to transform the textile and nonwoven industry towards a circular economy with REFIBRA™ and Eco Cycle technology. Lenzing’s corporate strategy and ambitions to become a true champion of circularity and to offer commercial scale specialty textile fibers under the TENCEL™ and LENZING™ ECOVERO™ brands with up to 50% post-consumer recycled content by 2025. is an integral part of any sustainable sustainability goal. To achieve this goal, Lenzing partners with recycling pioneers like Renewcell.
Circulose® is made 100% from textile waste such as old jeans and production scraps, which are turned into dissolving pulp. Turn textile waste and production scrap into new, high-quality textile products.
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Public relations contact
Harald Kaval-Björkmann
strategy director
update cell
Cardellgatan 1, 114 36 Stockholm, Sweden
Phone: +46 70 590 32 04
Email: press@renewcell.com
Web: www.renewcell.com
Dominic Kefner
Vice President of Corporate Communications and Public Relations
Lenzing Aktiengesellschaft
Werkstrasse 2, 4860 Lenzing, Austria
Phone: +43 7672 701 2743
Email: media@lenzing.com
Web: www.lenzing.com
About Renewsel
Founded in 2012 by innovators from KTH Royal Institute of Technology, Stockholm, Re:NewCell AB (publ) (“Renewcell”) is an award-winning sustaintech company based in Sweden. The company’s vision is to make fashion circular.
Through a patented process, Renewcell is able to recycle cellulosic fiber waste such as worn cotton clothing and production scraps and transform them into an original new material called Circulose®. Drapers Magazine recognized his Circulose® in its 2022 Sustainable Fashion Awards. Fast Company named Renewcell one of his 2021 World’s Most Innovative Companies. Circulose® was also included in TIME magazine’s list of his 100 Best Inventions of 2020.
Renewcell is a publicly traded company whose stock trades on the NASDAQ First North Premier Growth Market under the ticker RENEW and ISIN code SE0014960431. FNCA Sweden AB is an accredited advisor, +46(0)8-528 00 399, info@fnca.se.
About Lenzing Group
The Lenzing Group represents the environmentally friendly production of specialty fibers made from renewable raw material wood. As an innovation leader, Lenzing is a partner of the world’s textile and nonwoven manufacturers, driving the development of many new technologies.
High-quality fibers from the Lenzing Group form the basis for a wide range of textile applications, from elegant garments to versatile denim and high-performance sportswear. Due to its consistently high quality, biodegradability and compostability, Lenzing fibers are also very suitable for hygiene products and agricultural applications.
The Lenzing Group’s business model goes far beyond that of traditional textile manufacturers. Together with customers and partners, Lenzing develops innovative products along the value chain to create added value for consumers. The Lenzing Group is committed to the efficient use and processing of all raw materials and offers solutions to reorient the textile sector towards a closed-loop economy. Lenzing has a clear vision to slow down global warming and reach the goals of the Paris Agreement and the EU Commission’s “Green Deal”. In other words, to realize a zero-carbon future.
About Circulose®
Circulose® is a unique fashion material that is 100% recycled, recyclable, biodegradable and of virgin quality. Circulose® circularizes fashion.
A brand dissolving pulp made from 100% textile waste such as used clothes and scraps from production. Textile producers use it to produce staple fibers or filaments viscose, lyocell, modal, acetate, or other types of man-made cellulose fibers. These fibers are spun into yarn, woven or knitted into cloth, and finally made into new, high-quality textile products.
Renewcell manufactures Circulose® in a patented process powered by 100% renewable energy at its newly opened industrial-scale plant at Renewcell 1 in Sundsvall, Sweden, and a demonstration-scale plant in Kristinehamn. I’m here.
About the canopy
Canopy is a non-profit environmental organization dedicated to protecting forests, species and climate. Canopy has worked with over 850 companies to transform their unsustainable supply chains, create innovative solutions, and develop cutting-edge environmental policies to protect the world’s remaining endangered primary forests. I was. www.canopyplanet.org
image attached
Circulose seat – Photo: Renewcell
Renewcell 1 Machine Hall – Photo: Alexander Donka
Renewcell 1 in Sundsvall, Sweden – Photo: Alexander Donka
accessories
Lenzing and Renewcell Sign Massive Supply Deal, Further Closing the Fashion Loop
sauce: Re:NewCell AB (Public)
View source version on accesswire.com:
https://www.accesswire.com/730669/CORRECTION-FROM-SOURCE-Lenzing-and-Renewcell-Sign-Large-Scale-Supply-Agreement-Further-Closing-the-Loop-in-Fashion
