The Swedish textile-to-textile recycling innovator Renewcell has signed a Letter of Intent with Daiwabo Rayon Co. Ltd., a leading Japanese cellulosic fiber producer, concerning a long-term commercial collaboration around man-made cellulosic fiber production.
The agreement affirms the two companies’ intent to work together to supply textile fibers made using Circulose®, Renewcell’s 100% recycled textile raw material, to global fashion brands in the coming years. Ekman Group, Renewcell’s exclusive global trading partner, has facilitated the agreement.
The Swedish textile-to-textile recycling innovator Renewcell has signed a Letter of Intent with Daiwabo Rayon Co. Ltd., a leading Japanese cellulosic fiber producer, concerning a long-term commercial collaboration around man-made cellulosic fiber production. The agreement affirms the two companies’ intent to work together to supply textile fibers made using Circulose®, Renewcell’s 100% recycled textile raw material, to global fashion brands in the coming years. Ekman Group, Renewcell’s exclusive global trading partner, has facilitated the agreement.
Daiwabo Rayon Co. Ltd., Since its establishment in 1934, our company has been consistently serving our customers as a rayon fiber production and sales company.
Patrik Lundstrom, CEO of Renewcell, said, ”I am excited to announce an agreement with such a highly regarded company as Daiwabo. Daiwabo is a true leader in viscose fiber production with 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 maximize the potential of Circulose® as a feedstock for circular textile fibers.”
The Letter of Intent signed between Renewcell and Daiwabo provides the framework for an upcoming offtake agreement between the parties. The future legally binding offtake agreement will set out commercial terms for delivering certain volumes of Circulose® dissolving pulp to Daiwabo over several years. Daiwabo intends to use Circulose® as feedstock to produce man-made cellulosic fibers to be supplied to textile manufacturers and fashion brands.
Circulose® is made from discarded textiles, like that worn-out pair of jeans at the back of your closet. Using a breakthrough process powered by 100% renewable energy, we transform old clothes into a pristine natural material that needs no cotton fields, no oil, and trees.
