EQS-News: Lenzing AG / Key word(s): Alliance/Sustainability
Lenzing AG: Lenzing and Renewcell sign large-scale supply agreement
further closing the loop in fashion
06.12.2022 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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• Partnership with Swedish textile-to-textile recycling company will
further increase production of TENCEL™ and LENZING™ ECOVERO™ branded
specialty fibers using recycled content
• Supply of 100 per cent recycled textile Circulose® dissolving pulp
Lenzing/Stockholm – The Lenzing Group, the world’s leading supplier of
sustainably produced specialty fibers, and Renewcell, the Swedish
textile-to-textile recycling pioneer, have today signed a multi-year
supply agreement to accelerate the transition of the textile industry from
a linear to a circular business model. The agreement contains the sale of
80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile
Circulose® dissolving pulp to Lenzing over a five-year period, for use in
the production of cellulosic fibers for fashion and other textile
applications.
“The textile industry must change. By signing the agreement with Swedish
textile-to-textile recycling company Renewcell, Lenzing is able to further
integrate recycling and accelerate the transition of the textile industry
from linear to circular. As champions of sustainability, we know that
moving towards a circular economy is vital to address the enormous textile
waste challenges of the industry”, says Christian Skilich, Chief Pulp
Officer of the Lenzing Group.
“Lenzing is a major player in our industry, with an inspiring track record
of path-breaking technical excellence and sustainability leadership. Our
new partnership fits perfectly into Renewcell’s strategy to accelerate the
scale-up of circular materials by collaborating with fashion’s most
important players. We are more than pleased to join forces with Lenzing
with the shared goal of making fashion circular,” said Patrik Lundström,
CEO of Renewcell, in a comment on the agreement.
Canopy, a not-for-profit environmental organization dedicated to
protecting forests, species, and climate, welcomes the agreement between
Lenzing and Renewcell. “Accelerating the transition to low-impact,
circular production is the challenge of the decade for the fashion
industry. That is why this partnership between Renewcell and Lenzing is so
refreshing – it will bring low-carbon Next Gen solutions to market at
scale,” exclaimed Nicole Rycroft, Executive Director of Canopy. “With the
climate and biodiversity clocks ticking, the race to circularity is one we
need all companies to win.”
With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for
transforming the textile and nonwovens industries towards a circular
economy. It is an essential part of Lenzing’s corporate strategy and
ambitious sustainability targets to become a true champion of circularity
and to offer TENCEL™ and LENZING™ ECOVERO™ branded specialty textile
fibers with up to 50 percent post-consumer recycled content on a
commercial scale by 2025. To reach this goal Lenzing partners with
recycling pioneers like Renewcell.
Circulose® originates 100 per cent from textile waste, like old jeans and
production scraps, and turns into dissolving pulp. It transforms textile
waste and production scrap into new high-quality textile products.
Photo download:
[1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=vQ03hueWvfyd
PIN: vQ03hueWvfyd
Your contacts for Public Relations:
Dominic Köfner Harald Cavall-Björkman
Vice President Corporate Communications Strategy Director
& Public Affairs Renewcell
Lenzing Aktiengesellschaft Cardellgatan 1, 114 36 Stockholm,
Werkstraße 2, 4860 Lenzing, Austria Sweden
Phone +43 7672 701 2743 Phone +46 70 590 32 04
E-mail [2]media@lenzing.com E-mail [4]press@renewcell.com
Web [3]www.lenzing.com Web [5]www.renewcell.com
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
About Renewcell
Founded by innovators from Stockholm’s KTH Royal Institute of Technology
in 2012, Re:NewCell AB (publ) (“Renewcell”) is a multi-award-winning
sustaintech company based in Sweden. The company’s vision is to make
fashion circular.
Through its patented process, Renewcell is able to upcycle cellulosic
textile waste, such as cotton clothes, transforming it into a pristine new
material called Circulose®. Drapers Magazine recognized Circulose® at
their 2022 Sustainable Fashion Awards. Fast Company named Renewcell one of
the World’s Most Innovative Companies 2021. Circulose® was also included
on TIME Magazine’s list of the 100 Best Inventions 2020.
About Circulose®
Circulose® is a unique material for fashion that is 100 per cent recycled,
recyclable, biodegradable, and of virgin-equivalent quality. Circulose®
makes fashion circular.
It is a branded dissolving pulp made from 100 per cent textile waste, like
worn-out clothes and production scraps. It is used by fiber producers to
make staple fiber or filament viscose, lyocell, modal, acetate or other
types of man-made cellulosic fibers. Those fibers are then spun into
yarns, woven or knitted into fabrics and finally made into new
high-quality textile products.
Renewcell produces Circulose® in a patented process powered by 100 per
cent renewable energy at its newly opened industrial-scale plant in
Renewcell 1 in Sundsvall, Sweden.
About Canopy
Canopy is a not-for-profit environmental organization dedicated to
protecting forests, species, and climate. Canopy has collaborated with
more than 850 companies to develop cutting-edge environmental policies
that transform unsustainable supply chains, spark innovative solutions,
and protect our world’s remaining Ancient and Endangered Forests.
[6]www.canopyplanet.org.
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06.12.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1505635
End of News EQS News Service
1505635 06.12.2022 CET/CEST
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