The Swedish textile-to-textile recycling innovator Renewcell has signed a letter of intent with Daiwabo Rayon, a Japanese cellulosic fibre producer, concerning a commercial collaboration around man-made cellulosic fibre production. The letter of intent signed between the companies provides the framework for an upcoming offtake agreement between the parties.
The agreement affirms the two companies’ intent to work together to supply textile fibres made using Circulose, Renewcell’s 100 per cent recycled textile raw material, to global fashion brands in the coming years. The agreement has been facilitated by Ekman Group, Renewcell’s exclusive global trading partner, Renewcell said in a press release.
The future legally binding offtake agreement will set out commercial terms for the delivery of certain volumes of Circulose dissolving pulp to Daiwabo over a number of years. Daiwabo intends to use Circulose as feedstock in the production of man-made cellulosic fibres to be supplied to textile manufacturers and fashion brands worldwide.
”I am excited to announce an agreement with such a highly regarded company as Daiwabo. Daiwabo is a true leader in viscose fibre production that has excellent long-standing relations with the biggest brands in Asia and the world. It reflects very well on the work done by our team to ensure the quality and maximise the potential of Circulose as a feedstock for circular textile fibres,” Patrik Lundström, CEO of Renewcell, said in a statement.
”Our announcement of an agreement with Renewcell, the most advanced textile recycling innovator in the world, marks the first step in jointly producing our functional regenerated cellulose fibre and products using the recycled textile raw material Circulose. We are very excited about our partnership and feel the weight of our responsibility to supply products that are kind to people and the earth,” Fukushima, president of Daiwabo Rayon, said.
Explore more News here