In July 2017, we entered a long-term partnership with Suzano (formerly Fibria), a Brazilian forestry company and the world’s leading producer of eucalyptus pulp from planted forest.
In November 2018, Fibria merged with Suzano Pulp and Paper, creating a pulp production capacity of 11 million tons per annum. With their 5 M€ investment, Suzano is our shareholder and has a representative in our Board of Directors.
To verify our technologies on a pre-commercial scale, we are in the process of a joint product development project. Our objective is also to establish a joint venture for the production and trading of Spinnova products when it reaches a commercial stage.
Austrian cellulose fiber expert and textile company Lenzing wanted to be part of our story from the beginning and became a strategic, active owner and partner. Being innovative themselves, Lenzing sees Spinnova as a breakthrough innovation. Lenzing is a shareholder and has a representative on our Board of Directors.
In November 2017, we began an R&D cooperation with Finland’s leading design house Marimekko, to collaborate in commercializing our fibre. This also supports Marimekko’s pursuit of more and more ecological materials for their clothing and home interior collections, according to their sustainability strategy. Marimekko has no financial stake or Board membership in Spinnova.
Fashion for Good is the global initiative that is here to make all fashion good. It’s a global platform for innovation, made possible through collaboration and community. With an open invitation to the entire apparel industry, Fashion for Good convenes brands, producers, retailers, suppliers, non-profit organisations, innovators and funders united in their shared ambition. Fashion for Good’s programmes are supported by corporate partners. Spinnova joined FfG’s Scaling Programme in the summer of 2018. This partnership involves no financial stake from either party.
In May 2019, we announced our collaboration with Finland-based energy company Fortum. Together with Fortum, who is developing new bio-based business focusing on resource efficiency, aim to produce textile fibre out of waste biomasses, namely agricultural waste. This disruptive strategic partnership has started with joint R&D, which is project funded by Business Finland.