BRIEF

on Lenzing AG (isin : AT0000644505)

Lenzing Expands Partnership for Biobased Acetic Acid

Lenzing AG, a leader in regenerated cellulose fibers, announces a partnership milestone with C.P.L. Prodotti Chimici srl. This collaboration centers around LENZING™ Acetic Acid Biobased, a sustainable by-product of pulp production. Oniverse, owner of the Calzedonia brand, will utilize these fibers and this biobased acetic acid for textile dyeing, promoting a circular economy.

C.P.L. is the first licensing partner for LENZING™ Acetic Acid Biobased. This partnership exemplifies industry trust and sustainability trends in chemical and textile processes. The biobased acetic acid has an 85% lower carbon footprint than its fossil-based counterpart, finding uses across food, pharmaceutical, and textile sectors.

Elisabeth Stanger of Lenzing and Marco Lanzetti of C.P.L. underscore the strategic benefits of this collaboration, highlighting mutual goals of quality and environmental responsibility.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Lenzing AG news