Leading chemical company, Hyosung TNC has secured a $1billion investment approval for its ambitious ‘Hyosung BDO Project; in Vietnam.
The project, which entails establishing a state-of-the-art Bio-BDO plant with an annual production capacity of 200,000 tons, was approved by the Ba Ria-Vung Tau Provincial Government during a prestigious ceremony held in Phu My 2 Industrial Park on March 30.
By investing in multiple Bio-BDO production facilities, Hyosung TNC aims to capitalise on the increasing demand for eco-friendly alternatives. Derived from fermented sugars sourced from sugarcane, Bio-BDO promises to replace traditional fossil-based raw materials entirely, marking a significant stride towards sustainability.
Partnering with Geno, a pioneer in sustainable materials and technology, Hyosung TNC is set to fast-track its Bio-BDO project. The company plans to leverage Geno's proven technology to commence production with an annual capacity of 50,000 tons by the first half of 2026.
The cornerstone of Hyosung TNC's endeavor lies in establishing the world's first fully-integrated production system for bio-spandex. By vertically integrating the production process from raw material to fiber, the company aims to set new standards in sustainability.
Looking ahead, Hyosung TNC aims to significantly expand its sustainable textile sales, targeting over 20 per cent by 2030. With regen™ BIO spandex at the forefront of its offerings, the company seeks to drive positive change in the fashion and textile industry by prioritising natural resources, reducing environmental impact, and fostering a more sustainable future.
