Sweden's Renewcell signs LOI with Birla Cellulose for MMCF

The agreement affirms the two companies’ intent to work together to supply high-quality Liva Reviva textile fibres made using Circulose, Renewcell’s 100 per cent recycled textile raw material, to global fashion brands and the textile industry in the coming years. The shared ambition is to use 30,000 tonnes of Circulose per year. The agreement has been facilitated by Renewcell’s exclusive global trading partner Ekman Group, Renewcell said in a press release.

The LOI signed between Renewcell, and Grasim Industries Limited provides the framework for an upcoming offtake agreement between the parties. The future offtake agreement will set out commercial terms for the delivery of certain volumes of Circulose dissolving pulp to Birla Cellulose over several years. Birla Cellulose intends to use Circulose as one of the feedstocks in the production of man-made cellulosic fibres under the brand Liva Reviva, to be supplied to textile manufacturers and fashion brands worldwide.

“Renewcell and Birla Cellulose have collaborated almost since the founding of our company. Renewcell has benefited from Birla Cellulose’s technical expertise and customer feedback throughout the development and ongoing commercialisation of Circulose. With recent trial successes, growing fashion brand demand, and the upcoming commissioning of Renewcell’s new commercial-scale recycling plant in Sundsvall, Sweden — the time is now right to proceed to large-scale commercial collaboration. Together with Birla Cellulose, a viscose manufacturer, we will work to make fashion circular and reduce its negative impact on climate and the environment,” Patrik Lundström, CEO of Renewcell, said.

“Birla Cellulose is excited to extend its partnership with Renewcell for expanding its circular fibre offering – Liva Reviva. Liva Reviva is a testimony to Grasim Industries Limited’s commitment to circularity and sustainability. It is the pioneer commercial-scale viscose fibre offering containing recycled feedstock. Birla Cellulose is looking forward to collaborating with innovators with an aim to scale up the production of circular fibres to 100,000 tons per annum by 2024. Birla Cellulose expects this partnership with Renewcell to play an important role in providing high-quality Liva Reviva to our esteemed customers,” H. K. Agrawal, managing director, Grasim Industries Limited, said.

ALCHEMPro News Desk (SF)