Valmet and Spinnova Plc have signed a strategic partnership agreement where Valmet is appointed as the exclusive partner to supply process equipment for textile fibre production to Spinnova’s technology customers. The exclusivity agreement is valid for four years, with termination options based on project progress. The agreement includes an exclusivity fee, which is based on realized project deliveries. Valmet has previously supplied drying technology to Woodspin, a joint venture between Spinnova and Suzano, for its factory producing wood based SPINNOVA fibre in Jyväskylä, Finland.
Valmet and Spinnova will continue to work together to increase competitiveness in cellulose and recycled fibre production technology by lowering the capital and operational cost of textile fibre production.
Spinnova technology transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough patented technology for making textile fibre from wood pulp or waste, such as leather, textile, or agricultural cropping waste, without harmful dissolving chemicals.
The Spinnova technology creates no side streams in the fibre production process, and the SPINNOVA fibre has minimal CO2 emissions and water use and is biodegradable and recyclable. The Spinnova technology uses a mechanical process that gives the fibre the look and feel of a natural cellulosic fibre, such as cotton.
Valmet has a global customer base across various process industries.
