Patrik Lundström

CEO, Renewcell

Patrik Lundström is an experienced industry leader who joined Renewcell as CEO in 2019. He has led many growth and change projects in senior positions in companies such as DSM and General Electric. Much of his career has been spent outside Sweden, where he has gained extensive experience in the Chinese, Indian, Latin American, North American and European markets. Patrik has a master’s degree in chemical engineering from KTH and an MBA from the Stockholm School of Economics.

Every year, more than 100 million tons of textiles are produced in the world, including an unlikely 20 garments per inhabitant of the planet. 150 billion pieces of clothing are produced every year, and almost all of them end up in landfills or are burned. As a result of ‘fast fashion’, the fashion industry now accounts for 10% of the world’s total carbon emissions – only the oil industry has a larger footprint.

Renewcell offers a solution to this challenge. The raw material is old discarded garments and other textiles, and the end product is Circulose – a material that becomes new garments made of viscose or lyocell. The patented process is one of the first in the world to recycle textiles on a commercial scale. The end customer is the global fashion giants who want to offer sustainable fashion, but the actual customers are the textile producers who supply, for example, H&M, MANGO and Zara.