Finnish forest products company Metsä Group is taking the next steps towards expanding its portfolio of wood based products.
Metsä Group plans to build a demonstration plant for the production of textile fibers from pulp. The demo plant is to be integrated into the Äänekoski pulp and biorefinery site and will produce up to 500 tpy of textile fibres using the method developed by Metsä Fibre, the group announced.
In addition, the Metsä Group founded a research and innovation company with a task of indentifying and developing new business opportunities in the fields of forest-based bio-economy and circular economy, the company explained. According to Metsä Group, the establishment of the new innovation company Metsä Spring would not affect its current development and research activities in existing business areas.