Business Finland has granted Lounais-Suomen Jätehuolto (LSJH) 5.2 M€ of circular economy investment aid for building a full-scale, end-of-life textile refinement plant in Turku, Finland. When the plant is ready, Finland will be the first country in the world where post-consumer textiles are obtained nationwide for reuse and recycling.
The LIFE programme dating back to 1992 is the only European Union fund entirely dedicated to environmental and climate objectives. A recent provisional agreement to raise the budget of the programme to more than 5.48 B€ for 2021-2027 offers growth opportunities to basically anyone registered in the EU to apply for LIFE funding: public bodies, companies, and NGOs, including growth companies. The first LIFE call for proposals has just opened and this is the time to act!
Fortum and Metsä Group launched ExpandFibre, a 4-year R&D collaboration, in summer 2020. It is a major effort towards developing high-volume bioproducts that have a significantly lower carbon footprint compared to currently available fossil-based products. To succeed in the ambitious mission, the founding companies have joined forces with a large and continuously growing group of innovation partners – the ExpandFibre Ecosystem. Spinverse has supported the ecosystem in setting up the ExpandFibre activities and is working with Fortum and Metsä Group to accelerate impactful collaboration.
Solving the critical environmental and societal challenge of recycling ever-growing piles of discarded textiles is the goal of the New Cotton Project. New Cotton will demonstrate the production of high-performing circular textiles and launch them to the consumer markets. The core of the solution is Infinited Fiber Company’s new innovative technology, which is an affordable and environmentally sustainable way to turn textile waste into cotton-like fibres with superior qualities. Spinverse funding experts helped secure EU Horizon 2020 funding for this exciting 8.9 M€ project, where Infinited Fiber Company acts as the project lead.
Spinverse supports Fortum and Metsä Group in the launch of a joint EUR 50 million circular bioeconomy programme
Spinverse customers Fortum and Metsä Group join forces with Business Finland to create a world-class R&D programme with pulp fibre from renewable and sustainable sources as its node. The 4-year joint R&D programme, called ExpandFibre, aims to develop ground-breaking technologies and smart business concepts that are required to convert straw and wood pulp fibre into novel bioproducts, such as textile fibres. The R&D programme has been granted EUR 20 million from Business Finland.
Technology Industries of Finland organised a workshop that discussed the opportunities of EU's Horizon 2020 programme. Spinverse experts Markku Heino and Pirjo Pasanen were invited to give a talk on the topic. In their talk they emphasized that a company must first have a viable business idea, which can be developed into a 100 M€ business.