#Recycling / Circular Economy

2020-12-17

Renewcell finalizes loan agreement with Nordea, SEK and Finnvera to finance new textile recycling plant

Patrik Lundström (CEO, Renewcell), Marica Bixo (Director – Export & Project Finance, Nordea) and Anna Karin Ljung (Senior Client Executive, SEK). Photo: Alexander Donka

As part of the financing structure for its planned full scale textile recycling plant in Sundsvall, Renewcell has entered a 450 million Swedish Krona loan facility agreement with Nordea, Swedish Export Credit Corporation (‘SEK’) and Finnish export credit agency Finnvera. The agreement was reached in November 2020, ahead of Renewcell’s successful IPO on Nasdaq First North Premier Growth Market.

“I am proud that the Renewcell team has been able to put together a project that meets the high standards of trusted financial institutions such as Nordea, SEK and Finnvera. They know the pulp industry through and through and will now play an invaluable role in ensuring the successful scale up of our innovation. I am confident that more lenders will now follow their lead in financing the Industrial Evolution to circularity and sustainability globally.” comments Patrik Lundström, CEO of Renewcell.

This loan facility, together with the equity raised in the recent IPO, will enable Renewcell to execute its plans to build and commission a 60,000 tonne capacity textile recycling plant in Sundsvall, Sweden. The plant will be built on SCA’s industrial site Ortviken, Sundsvall, in a building currently housing a publication paper machine undergoing decommissioning. Following construction throughout 2021, Renewcell plans to begin ramping up production of its 100% recycled and branded Circulose® dissolving pulp at the new plant in the first half of 2022. Vinge acted as Renewcell’s legal advisor for the loan facility agreement.

”Our cooperation with Renewcell is a good example on how Nordea supports companies that carries the solutions on today´s sustainability challenges. We are really happy and proud that we can support Renewcell with our combined expertise within project financing and capital market and are looking forward to continue this journey together.” says Peter Dalmalm, Head of Business Banking Nordea.

“We are very proud to finance Renewcell's new plant for recycling textiles and thus contribute to increased sustainable Swedish exports and making the fashion industry circular. Renewcell's operations are in line with our ambition to enable the export industry's investments into a circular society”, says Anna Karin Ljung, Client Executive at Swedish Export Credit Corporation.

“We are proud to be able to support new, innovative application of Finnish pulp technology and hope to see similar sustainability and circularity driven projects more in the future.” comments Cecilia Saarnia, Senior Adviser of Finnvera.

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

How innovations drive BASF’s success

“Innovation has always been part of BASF’s DNA. Especially in these volatile times, it is crucial to leverage our innovative strength to develop competitive solutions that differentiate us as a company in our markets and give us a competitive edge,” said Dr. Stephan Kothrade, Member of the Board of Executive Directors of BASF and Chief Technology Officer, at the company’s Research Press Briefing held today. To achieve this, BASF implemented its “Winning Ways” strategy about a year ago with the clear goal of becoming the preferred chemical company to enable its customers’ green transformation.

Mimaki demonstrates versatile, simple TRAPIS textile printing at Heimtextil 2026

Mimaki’s textile pigment transfer printing system, TRAPIS, is able to print on a diverse range of fabrics - unlike traditional processes - including natural fibres and synthetic fabrics. The full solution will be shown on Mimaki’s booth (Hall 3.0 Stand A97), as the company returns to Heimtextil to showcase its advancements in sustainable, high quality and efficient textile printing.

The Technology Hub for global denim trends: ITM 2026

The ITM 2026 International Textile Machinery Exhibition, to be held at the Tüyap Fair and Congress Center in Istanbul from June 9–13, 2026, brings together groundbreaking technologies in denim production. From smart production systems to eco-friendly raw materials, from digital washing solutions to laser effect technologies, innovations that will shape the future of denim will be showcased for the first time at ITM 2026.

38th International Cotton Conference Bremen: Let´s Talk about Cotton!

The 38th International Cotton Conference Bremen, to be held on 25-27 March 2026 in Bremen’s parliament building on market square, once again sends a powerful signal for professional excellence and international dialogue. The focus is on the latest market trends and technical innovations throughout the entire value chain – from agriculture and quality assurance to processing and the circular economy. With its high-calibre speakers, the conference remains an indispensable forum for anyone involved in shaping the cotton industry scientifically, technically, or economically.

More safety and comfort for protective clothing thanks to auxetic fabrics

When everyday materials are pulled, they stretch or elongate in the direction of the pull and become narrower in cross-section. We can also observe this property in two-dimensional textiles. Auxetic structures behave differently here. They have the striking property of not changing under tensile stress or even increasing their width or thickness. These properties are advantageous, for example, in protective textiles or textile filter media. The DITF are researching auxetic fabrics for various applications.