• · The project will feature advanced technologies for water management and emission reduction, strictly complying with the environmental requirements established by the authorities.

Smarttia advances in the development of Greenfiber by obtaining the favorable Environmental Impact Statement (EIS) that has been published in the Official Gazette of Galicia (DOGA). This key milestone allows progress in the development of the Lyocell Production Plant in Palas de Rei (Lugo), a project that will contribute to the sustainable transformation of the textile industry in Europe.

The Greenfiber project, with an estimated investment of 1,000 million euros, continues to meet the established deadlines and is preparing for the next phase: obtaining the integrated environmental authorization, scheduled for the coming months. This authorisation will ensure that the plant operates under the highest environmental standards, guaranteeing its compatibility with public health and the environment.

From the beginning, Greenfiber has been conceived as a strategic project aligned with European energy transition and circular economy policies. It is estimated that the plant will generate 2,500 direct and indirect jobs, contributing significantly to Galicia’s industrial fabric. In addition, it will have advanced technologies for water management and emission reduction, strictly complying with the environmental requirements established by the authorities.

This investment fits perfectly with the standards defined by Smarttia in its Strategic Plan, focused on investments in sectors with high growth potential that coexist with and/or support the global energy transition process. The company reaffirms its commitment to sustainable development and innovation in the textile industry, contributing its experience and capacity in the forestry and energy sector to make Greenfiber a benchmark in circular economy and decarbonization.