As part of its collaboration with Infinited Fiber Company, Chinese viscose producer Sateri participated in the company’s latest €30 million funding round completed on June 30. The new funding round was announced as a part of the company’s plans to build a flagship factory in Finland for its regenerated textile fibre Infinna. To be operational in 2024, the factory will use household textile waste as raw materials have an annual production capacity of 30,000 metric tonne.

The new funding will enable Infinited Fiber Company to increase production at its pilot facilities in the years leading to 2024. The engineering progress supported by the additional funds will also accelerate Infinited Fiber Company’s ongoing collaboration and potential technology licensing with Sateri.

A part of the RGE group, Sateri strategically contributes to its commitment and strategic business direction. The company has developed and produced a diverse range of circular and sustainable products including Lyocell and Finex, which is made from recycled textile waste. The in-house R&D efforts and the investment in Infinited Fiber Company are part of RGE’s $200 million investment commitment to advance next-generation textile fibre innovation and technology.