Expanding its global clean electricity portfolio, the Lenzing Groupis transitioning its production site in Purwakarta to green electricity. The groupis the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050.. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions. Due to €100 million investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to LenzingEcovero and Veocel branded specialty viscose.

Specialty fibres being Lenzing’s key strength, the company aims to generate more than 75 percent of its fibre revenue from the wood-based, biodegradable specialty fibres business under the Tencl, LenzingEcovero and Veocel brands by 2024. With the launch of the lyocell plant in Thailand in March 2022 and the investments in existing production sites in Indonesia and China, the share of specialty fibres in Lenzing’s fibre revenue is set to exceed the 75 per cent target by a significant margin as early as 2023.