TreeToTextile adds Stora Enso as investor in the company.
TreetoTextile, a Malmö, Sweden-based company that takes renewable forest raw material and regenerates the cellulose into a textile fibre, announced that it added the Finnish pulp and paper manufacturer Stora Enso as an investor in the company.
Stora Enso will own an equal part of the company, together with H&M and IKEA, as well as founder and CEO Lars Stigsson.
TreeToTextile, founded at the end of 2016, developed a process that takes renewable forest raw material and regenerates the cellulose into a textile fiber. This production process uses less energy and chemicals, allowing for a much more sustainable and cost-efficient process compared to conventional technologies and fibers.
The technology has been tested in a pilot line in Sweden and is now to be scaled up with the construction of a demonstration plant at one of Stora Enso’s Nordic facilities. IKEA and H&M plan to incorporate the fiber into their products, but the aim is that the company become a supplier for the entire fashion industry.