Skip to site menu Skip to page content

Daily Newsletter

18 August 2023

Daily Newsletter

18 August 2023

Spinnova to create fibres from waste with €1.9m research grant

Finnish fibre maker Spinnova has received a research and development (R&D) grant of up to €1.9m ($2.07m) from Business Finland to create fibres from waste.

Shemona Safaya August 17 2023

Spinnova explains the project aims to expand its technology offering by adding new refining and fibre recycling components, which could be used by factories producing Spinnova fibre.

The product development project aims for pilot-scale production of Spinnova fibre from textile and agricultural waste streams.

In addition to this, the refining environment to be developed during the project can also be used for the recycling of the fibre.

The fibre-maker believes this will open new strategic opportunities to expand its business and more energy-efficient refining is also expected to improve the competitiveness of its Spinnova fibre.

Spinnova's chief technology officer and co-founder Juha Salmela says: "Business Finland’s grant supports our development work to become even more sustainable and competitive by being able to offer technology that can process multiple circular raw materials into a textile fibre."

The grant has been issued for the period 15 April 2023 to 14 April 2025 which will support 50% of the project's total cost, estimated at €3.9m.

In June, Spinnova and Portuguese company Tearfil entered into a yarn development agreement where the latter said it would operate an R&D yarn-spinning line based in Portugal.

Spinnova explained the rationale behind the yarn-spinning line is to provide research and development into using Spinnova’s fibre in commercial-scale yarn production and to streamline development work with industry partners.

The Finnish fibre maker has also been making strides in its efforts to create a more circular and sustainable apparel industry and said earlier this year that it is scaling up production of recyclable and fully biodegradable textile fibre from responsibly-grown wood.

Generative AI well positioned to have a lasting impact on the retail and apparel industries

Generative AI can enhance engagement through customer service interfaces, protect retailers against fraud and cyberattacks, and improve purchasing journeys through personalized product recommendations and inspiration based on shopping and browsing patterns. When adopting generative AI, retailers must also ensure that consumers are provided with accurate and up to date information to ensure better purchasing decisions. The challenges faced by generative AI in retail and apparel theme are bias, hallucinations, privacy, misinformation, and copyright. Enterprises are concerned about data leakage as well.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close