Spinnova Plc is a Finnish textile material innovation company that has developed a patented technology for making textile fibre from wood, pulp, or waste, without harmful dissolving chemicals. The company has developed a technology which can transform cellulosic pulp into fiber for the textile industry. The company’s headquarters and pilot factory are located in Jyväskylä, Finland, and it has offices in Helsinki, Finland. In 2021, Spinnova and its partner, Suzano Papel e Celulose, announced plans to build the first commercial-scale fiber production facility in Jyväskylä. The facility, called Woodspin, opened in May 2023, with a capacity to produce 1,000 tonnes of sustainable, recyclable and fully biodegradable textile fibre from responsibly-grown wood each year. In June 2025 a non-binding agreement with Spinnova and Suzano was announced according to which Spinnova would acquire full ownership of the Woodspin facility from Suzano with a nominal sum of one euro. Wikipedia