Infinited Fiber Company

Infinited Fiber Company plans to build a commercial-scale factory at the site of Stora Enso's closed Veitsiluoto paper mill in Kemi, Finland. The investment is estimated at €400 million ($420.73 million), creating 270 jobs, with annual capacity of 30,000 metric tons of Infinna fiber. Full capacity expected by 2025.

RGE Pte Ltd joins investors including H&M Group, Virala and Fortum to help Infinited Fiber Company scale up its technology that turns textile waste into new fibres. The company also leased facilities in Valkeakoski, Finland for a new 500-ton per year pre-commercial plant starting in early 2020.