Lenzing Group to become world’s first carbon neutral fiber producer

As part of its climate strategy, the Lenzing Group has set itself the ambitious goal of net-zero CO2 emissions by 2050 and is the world’s first company to do so. The Austrian fiber producer announced in a press release on Friday that it wants to reduce its CO2 emissions drastically over the coming years and will invest more than 100 million euros in energy efficiency measures and an increase in the share of renewable energy and new technologies, especially the production of highly eco-responsible products such as Tencel branded lyocell fibers.