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0 0.0017915795759929 -0.000298596595998746 -0.00358315915198559 -0.00537473872797849 -0.00865930128396534 -0.00178859361003281 0.00134368468199468
Stock impact report

ABB’s Paper Mill Technology Helps Renewcell Turn Old Clothes Into New Fabrics [Forbes]

ABB Ltd (ABB) 
Last abb ltd earnings: 7/25 12:46 am Check Earnings Report
US:NYSE Investor Relations: new.abb.com/investorrelations
Company Research Source: Forbes
Shredded blue jean denim (left) and the Circulose pulp (right) that Renewcell makes from it.Image courtesy RenewcellIn recent years, the pulp and paper industry has gone from having a reputation of being dirty and environmentally unfriendly to being a leader in sustainability and pollution control. Now the technologies that enabled that transition are being used to help the textile industry too. And the players involved are restarting a shuttered paper mill in Sweden to make it happen, once more providing good-paying jobs for the area.Renewcell is the Sweden-based scaleup at the center of it all. The company developed a sustainable process that recycles waste textiles into a product called Circulose, whose name is the tip-off that it’s aimed at making fashion circular.“We’re using basic pulp and papermaking technologies,” said Patrik Lundström, CEO at Renewcell. “We take cotton-rich textiles like jeans, t-shirts and bed linens, textiles that are over 90% cotton, and use them to produc Show less Read more
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