Finland – Spinnova Plc and Suzano S.A. have signed a Letter of Intent (LOI) regarding a potential new production facility for wood-based SPINNOVA® fibre. Spinnova and its partners will deliver the fibre production technology to Suzano, who will be the owner and operator of the new production facility. The preliminary target capacity of the facility is 20 thousand tonnes of fibre per year, and it is likely to be located near an existing Suzano pulp mill. …Spinnova and Suzano have been joint venture partners since 2020 in Woodspin, whose first production facility producing wood-based SPINNOVA® fibre opened in 2023 in Jyväskylä, Finland. The Woodspin factory acts as an industrial demonstration of Spinnova’s technology and Suzano’s textile MFC technology and is used for qualifying the process and fibre output to support the investment decision for the new facility.