EIB supports Tencel R&D and production by Lenzing

Lenzing AG, an Austria-based cellulosic fiber producer’s R&D projects and investment for the production of new TENCEL fiber products is co-financed by European Investment Bank (EIB) for which they have received a 100 million-euro loan from EIB. Lenzing, which specialises in the industrial manufacture of cellulose fibres, is implementing a multi-annual development programme for new, high-quality TENCEL® product. It will build and bring new research facilities and pilot plants on-line and implement innovations in production processes, primarily at its Tencel site in Austria.

The loan, dubbed a Risk-Sharing Finance Facility, is jointly financed by EIB — the European Union’s long-term lending bank — and the European Commission, and is targeted to private enterprises and public institutions that are conducting R&D, demonstration and innovation projects. Such loans in 2013 totaled 16.5 billion euros.

The loan contract was signed by the EIB and Lenzing CEO Peter Untersperger. At the contract siging Lenzing’s CEO commented that Lenzing is already operating three pilot plants in Europe for Tencel development. They still see considerable potential for growth in the future which must be explored now, as the demand for high-quality fibres manufactured in environmentally compatible processes will continue to increase.

Tencel, a regenerated cellulosic fiber derived from wood and produced using a closed-loop, eco-friendly lyocell process, is used as a traditional textile fiber as well as for nonwoven and technical applications. Properties include high wet and dry modulus, softness and high moisture absorption capacity.

Recent Posts

Swisstulle advances dyeing efficiency with JigMaster

Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.

3 days ago

Birla Cellulose and Circ partner to scale textile recycling

Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…

3 days ago

CARBIOS unveils enzymatically recycled polyester t-shirt

CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…

3 days ago

Yangi launches sustainable fiber-based food tray

Yangi, renowned for its renewable packaging solutions, has launched a fiber-based food tray as a sustainable alternative to plastic trays…

3 days ago

Tarpaulife Project develops alternative to PVC-coated fabrics

The European Tarpaulife Project is working on polyolefin-coated fabrics, such as polyethylene, that can be manufactured to compete with PVC-coated…

3 days ago

Better Cotton to standardise measurements for cotton production

Better Cotton has joined the global non-profit alliance, Cascale, in a three-year project aimed at standardising LCA methods across the…

3 days ago