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Altri Expands into Sustainable Textiles with AeoniQ™ Acquisition

In a groundbreaking move, Altri SGPS S.A. (ALTR.LS), a prominent leader in sustainable cellulosic pulp production, has announced an agreement to acquire a majority stake in AeoniQ™, a pioneering step into sustainable textiles. This significant investment aims to enhance the production capacity of AeoniQ™'s unique climate-positive, biodegradable yarn, marking a vital transition in the textile industry towards environmentally friendly alternatives.

The Vision Behind the Acquisition

Altri's strategic investment not only involves the acquisition of AeoniQ™ but also plans for a substantial capital increase to establish commercial-scale production capabilities for this innovative yarn. This partnership aligns perfectly with Altri's vision to expand into high-value, low-impact applications within the cellulosic industry, emphasizing sustainability at its core.

AeoniQ™: A Game-Changer for Textiles

Developed by HeiQ Materials AG, a Swiss-based cleantech company, AeoniQ™ is being heralded as the world's first climate-positive, biodegradable cellulosic filament yarn. Designed to replace conventional materials such as polyester and nylon, AeoniQ™ presents a fully circular, plastic-free alternative to the textile market. It not only mirrors the performance of synthetic fibers but does so while minimizing environmental damage.

Industrial Production Plans

As part of this transformative agreement, Altri plans to construct the first industrial-scale AeoniQ™ plant at its Caima pulp mill in Portugal. Slated to begin operations in 2026, the facility will have an initial production capacity of 1,750 tons per year. This will be complemented by a pre-industrial plant opening in early 2026, enhancing prototyping and facilitating brand collaborations, making it a vital player in the evolution of the textile ecosystem.

The collaboration seamlessly combines Altri's industrial capabilities with HeiQ's advanced technological expertise, resulting in a joint venture that embodies a commitment to sustainable practices and innovation. By integrating eucalyptus-based pulp with recycled materials, such as cotton waste and agricultural byproducts, the venture is set to create a fully integrated supply chain.

Unique Features and Market Validation

AeoniQ™ yarn boasts full biodegradability in various environments including marine, soil, and industrial composting settings, certified by TÜV Austria and OEKO-TEX®. This remarkable material offers attributes like natural elasticity, softness, and durability, making it suitable for a range of applications from lingerie to automotive interiors.

A Life Cycle Assessment demonstrates that using AeoniQ™ can reduce CO₂ emissions by at least 3.2 kg for every kilogram of yarn manufactured compared to traditional polyester. Its early adoption has already seen success in products showcased by leading brands such as Hugo Boss, which highlights the growing recognition of AeoniQ™ in the fashion industry.

Forging Strategic Alliances

The AeoniQ™ venture is backed by key players across the textile value chain, including renowned fashion brands and technical garment makers, presenting a unified front in the quest for sustainable textile solutions. This collaboration reinforces Altri's strategy to elevate its stake in the sustainable fiber sector while addressing the pressing environmental challenges faced by the textile industry.

Commitment to Sustainability

José Soares de Pina, CEO of Altri, emphasized the importance of this agreement, stating, “This showcases our commitment to progress along the value chain, investing in innovative materials for a sustainable future.” Similarly, Carlo Centonze, CEO of HeiQ, remarked on how this venture will transform AeoniQ™ from a proven innovation into a scalable global production platform. Together, they are poised to introduce a market-ready alternative to one of the planet's most polluting industries.

In conclusion, Altri's acquisition of a majority stake in AeoniQ™ not only signifies a robust commitment to sustainability and innovation but also signals a transformative shift in the textile industry. By integrating advanced technologies with eco-friendly practices, Altri and its partners are leading the charge towards a more sustainable future in textiles. The completion of the acquisition is anticipated in Q3, contingent upon standard closure conditions being met, but the future of sustainable textiles is already looking bright.