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EQS-News: Lenzing forces reformation of the textile value chain

EQS-News: Lenzing forces reformation of the textile value chain
   EQS-News: Lenzing AG / Key word(s): Alliance/Research Update
   Lenzing forces reformation of the textile value chain

   31.07.2024 / 09:36 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Lenzing forces reformation of the textile value chain

     • CELLFIL project brings together 15 strong partners from research and
       industry
     • EU co-financed CELLFIL project with 6.9 million euros in EU funding
     • Lenzing's sustainable, bio-based lyocell filaments promote the
       transformation of the textile value chain
        

   Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose
   fibers for the textile and nonwovens industries, is working with the
   non-profit organisation RTDS Group and 13 other partners from research and
   industry to promote the scaling of lyocell filaments as part of the
   CELLFIL project. Co-funded by the EU with EUR 6.9 million, the project
   aims to drive the reformation of the textile industry towards greater
   sustainability and a circular economy.

   Joint research work reforms textile value chain

   The Austrian organisation RTDS has launched the CELLFIL project with great
   vision. In close cooperation with Lenzing Group, which is at the technical
   helm of the project, CELLFIL aims to reform the textile industry. The
   centrepiece of the project is the sustainable and robust production of
   lyocell filaments. By optimising the entire fabric production process and
   its intermediate processing steps, the aim is to replace synthetic fibers
   with environmentally friendly lyocell filaments in recyclable end
   applications. This approach aims to develop and utilise alternative raw
   material sources for textiles. The realisation of these goals is crucial
   for scaling up lyocell filament production and promoting a circular
   economy that represents an environmentally friendly alternative to the
   currently dominant fossil-based synthetic filaments. Lenzing is thus once
   again sending a strong signal in favour of sustainability and innovation
   in the textile industry.
    

   CELLFIL is part of the renowned EU research and innovation program Horizon
   Europe and is supported by 15 partners from eight different countries. An
   impressive EUR 6.9 million from the European Union's Horizon Europe
   program has been made available for the implementation of this initiative.
   The European Commission has presented a visionary roadmap for the future
   of textiles, aiming for a circular economy in which all textiles on the EU
   market are durable, repairable and recyclable. This underlines Europe's
   commitment to sustainable innovation and a greener future in the textile
   sector.
    

   “We are still in the industrial start-up phase for lyocell filaments. Many
   aspects, such as the availability of lyocell filaments in the supply chain
   and technological adjustments for the processing of cellulose yarns, need
   to be addressed in order to change the capacities of the textile industry,
   which is currently more suited to polyester filaments,” says Markus
   Pichler, Head of Lyocell Filament Development at the Lenzing Group.
    

   “We are proud to be working with key industry and academic partners to
   advance bio-based lyocell filaments and promote a more sustainable and
   circular textile industry through this innovation project,” emphasizes
   Stephen Webb, project coordinator and CEO of the RTDS Group.
    

   Photo download:

   (1)https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=ShmNks1n75Oj
   PIN: ShmNks1n75Oj 

    

   Your contact for                                        
   Public Relations:                                       
                                                           
   Dominic Köfner                                   Jennet Orayeva
   Vice       President        Corporate        Communications Manager
   Communications & Public Affairs                 RTDS Association
   Lenzing Aktiengesellschaft            Werkstraße 2, 4860 Lenzing, Austria
   Werkstraße 2, 4860 Lenzing, Austria                     
                                               Phone     +43 1323 1000
   Phone   +43 7672 701 2743             E-mail     (4)orayeva@rtds-group.com
   E-mail   (2)media@lenzing.com           Web        (5)www.rtds-group.com
   Web      (3)www.lenzing.com
                                                           

   About the Lenzing Group
    
   The Lenzing  Group  stands  for eco-responsible  production  of  specialty
   fibers based on cellulose and recycled material. As an innovation  leader,
   Lenzing is  a partner  of global  textile and  nonwoven manufacturers  and
   drives  many   new  technological   developments.  The   Lenzing   Group’s
   high-quality fibers form the basis  for a variety of textile  applications
   ranging from functional, comfortable  and fashionable clothing to  durable
   and sustainable home textiles. Due  to their special properties and  their
   botanical origin, the TÜV certified biodegradable and compostable  Lenzing
   fibers are also highly suitable for everyday hygiene products.
    
   The business  model  of  the Lenzing  Group  goes  far beyond  that  of  a
   traditional fiber  producer. Together  with  its customers  and  partners,
   Lenzing develops innovative products along the value chain, creating added
   value  for  consumers.  The  Lenzing  Group  strives  for  the   efficient
   utilization and processing of  all raw materials  and offers solutions  to
   help transform  the  textile industry  from  the current  linear  economic
   system towards a circular economy. In order to reduce the speed of  global
   warming and thus also support the  targets of the Paris Agreement and  the
   EU Commission’s “Green Deal”, Lenzing has developed a clear  science-based
   climate action  plan  that aims  to  significantly reduce  greenhouse  gas
   emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
    
   Key Facts & Figures Lenzing Group 2023
   Revenue: EUR 2.52 bn
   Nominal capacity: 1,110,000 tonnes
   Employees (FTE): 7,917
    
   TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are  trademarks
   of Lenzing AG.

   About CELLFIL

   The CELLFIL project, led by the RTDS Group with technical coordination by
   Lenzing Group, a world-leading provider of specialty fibers for the
   textile and nonwoven industries, involves a consortium of key industry and
   academic partners. These partners include Aalto University, adidas,
   Continental, Filati Poland, Heberlein AG, Hochschule Niederrhein,
   Nordfels, Maglificio Ripa SRL, Martur Fompak International, Orange Fiber,
   Quantis, Ratti Luino S.r.l., and Riga Technical University. This ambitious
   initiative secured 6.9 million euro from the European Union’s Horizon
   Europe research and innovation programme under grant agreement number
   101135042.

   Disclaimer

     Funded by the European Union. Views and opinions expressed are however
     those of the author(s) only and do not necessarily reflect those of the
     European Union or the European Research Executive Agency (REA). Neither
     the European Union nor the granting authority can be held responsible
     for them. Grant agreement ID: 101135042

    

    

    

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   31.07.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1957835


    
   End of News EQS News Service


   1957835  31.07.2024 CET/CEST

References

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