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Re:newcell Granted $5M Investment for First Circular Garment Facility

Re:newcell has received major funding to make 100 percent circular garments a permanent part of the fashion industry.

The Swedish government-owned investment company, Fouriertransform, and private investor Girincubator invested $5 million (48 million Swedish krona) in Re:newcell to kick-start the world’s first recycled textile pulp production line.

“The goal with Re:newcell is to be part of creating a modern textile industry with resource- efficient processes and materials,” said co-founder Malcom Norlin. “It is with great pleasure that we take the next step in its development, with a first production line and a very strong ownership.”

Textile production today is undergoing major sustainability issues. While consumers are demanding more goods and authentic fibers are becoming more scarce, many companies are turning to oil-based, synthetic textiles, including polyester, to fill in the gaps. Polyester is not bio-degradable and emits many greenhouse gases during production, furthering the fashion industry’s detrimental carbon footprint.

To incorporate more environmentally-friendly practices with apparel, recycling existing resources is a crucial solution. Considering that only a handful of textiles are reused, there isn’t much room to keep damaging nature in supply chains.

Re:newcell’s patented process fosters a greener fashion industry by recycling and reusing cellulosic-derived textiles, such as cotton and viscose. Reusing 1 kilogram of garments would conserve 3.6 kilograms of carbon dioxide and 6,000 liters of water in the production process.

With Re:newcell’s new facility in Kristinehamn, Värmland, the fashion industry will be able to take one more step towards a sustainable future for consumers and the environment.

“Re:newcell is fully in line with Fouriertransform’s strategy to invest in world-class manufacturing industry with high innovation and opportunity for global growth,” said Fouriertransform’s investment director, Per Aniansson. “The technology represents a potentially important future circular solution to responsibly manage the challenge to meet the growing world demand for cotton textiles, which is a limited resource for the fashion and textile industry.”

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