Finland-based Spinnova Ltd. says it can turn wood fiber directly into yarn without needing to utilize a complex chemical process.

Spinnova’s process consumes 99 percent less water and 80 percent less water than cotton. The company says the process could revolutionize the textile and forestry industries and could potentially generate a whole new market.

No harmful chemicals or water-consuming steps are required. Spinnova says the environmental footprint will be much smaller than polymer and cotton fiber processes.

Inspired by the web-weaving method of spiders, the wood fibers are formed to resemble a filament fiber.

Later this year, Spinnova plans to increase production to an industrial scale by investing in an industrial production line.

In 2016, Spinnova was named one of the 20 most promising Finnish start-ups and it won the international biorefinery contest organized by Finnish government.