| Project Detail |
The project will finance the construction of a first of a kind manufacturing facility of circular fibreboards using 100% recycled cellulose fibres at a brownfield site in Kriebstein (Germany). Objectives The aim is to contribute to the circularity in the construction industry by manufacturing non-toxic, recyclable boards by upcycling industrial fibres streams into a circular building material. The company has developed proprietary, patented technology that transforms industrial fibre waste into high-performance, fire-retardant, lightweight fibreboards. The innovative fibreboards will be composed 100% of recycled fibres, thereby eliminating the need for virgin wood materials. The production process uses biotechnology to create natural bonds between the cellulose fibres and benefits from higher energy efficiency in the drying process, comparable to state-of-the-art Medium Density Fibreboard (MDF) production. The companys fibreboards can be recycled at the end of their life cycle, contributing to a closed-loop production model, and are expected to have a negative carbon footprint. Sector(s) Industry - Manufacturing Proposed EIB finance (Approximate amount) EUR 20 million Total cost (Approximate amount) EUR 40 million |
