Renewcell Expands Timeline To Receive Bids
Renewcell Expands Timeline To Receive Bids
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Renewcell bankruptcy trustee announces new deadline for receiving purchase offers. The deadline has been extended to 28 March at 12:00 pm CET in order to accommodate bids from several companies. The trustee anticipates a new owner will be secured in early April and will be announced shortly thereafter.
Re:NewCell AB developed a patented process that enables the recycling of cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called CIRCULOSE®. Founded by innovators from Stockholm's KTH Royal Institute of Technology in 2012, the award-winning, Sweden-based sustaintech company's vision is to make fashion circular.
