Recycling / Circular Economy

2020-12-17

Infinited Fiber Company selected in Global Cleantech 100 List of Companies committed to delivering the future

Out of thousands of innovators from across the globe, Infinited Fiber Company, whose technology turns cellulose-based raw materials, like cotton-rich textile waste, into new, high-quality textile fibers that offer a more sustainable, circular alternative to virgin cotton, was named a 2021 Global Cleantech 100 Company by Cleantech Group. Delivering solutions that will take us from climate chaos to transformation, the 100 companies on the list represent the private, independent, and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient future.

This is the 12th edition of the widely respected annual guide. This year’s list includes innovators from 15 countries, with just over half located in the U.S. and the rest hailing from Asia, Australia, Europe and the Middle East. The sectors covered include: Agriculture & Food, Enabling Technologies, Energy & Power, Materials & Chemicals, Transportation & Logistics and Resources & Environment.

“We are delighted and honored to see Infinited Fiber Company feature on the 2021 Global Cleantech 100 List of companies leading sustainable innovation. Textile waste is a massive global problem. At the same time, the world is hungry for high-quality, biodegradable, circular textile fibers that offer a more sustainable alternative to virgin resources like cotton. Our technology offers a solution for both these challenges, and it is heart-warming to see our innovation recognized for its potential to transform the textile industry for the better,” said Infinited Fiber Company Cofounder and CEO Petri Alava.

The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global, 91-member Expert Panel of leading investors and executives from corporations and industrials active in technology and innovation scouting. From pioneers and veterans to new entrants, the Expert Panel broadly represents the global cleantech community and results in a list with a powerful base of respect and support from many important players within the cleantech innovation ecosystem.

The Global Cleantech 100 program continues to be sponsored by Chubb, the world's largest publicly traded property and casualty insurance company.

“We are delighted to welcome 50 companies for their first time on this year’s new Global Cleantech 100. This replacement rate speaks to the healthy maturing of this innovation ecosystem and to some specific impacts of Covid-19,” said Richard Youngman, CEO, Cleantech Group. “On the one hand, the 2021 list reflects the long-running mega-trends like decarbonization, digitization, electrification, and the ever-increasing volumes of deployed renewable energy. On the other, Covid-19’s impact is evident – for example, in the uptick in automation and robotics-enabled solutions, in logistics and supply chain solutions, and solutions in the food chain to prevent, reduce and repurpose food waste. Resilience is a new critical factor at play.”

For detailed information on Infinited Fiber Company’s outlook as an innovator, visit Cleantech Group’s market intelligence platform i3 and search for Infinited Fiber Company.

Download the report and meet the companies solving our biggest challenges

To meet many of the innovators and investors on the 2021 Global Cleantech 100 list, join the virtual events, Cleantech Forum Europe, 12-14 January, and Cleantech Forum San Francisco, 19-21 January.