Hyosung invests $1 billion in ‘bio’ business
Fibres developer Hyosung TNC is investing $1 billion to establish multiple Bio-BDO production plants, capable of producing 200,000 tons annually, in Vietnam.
BDO (Butanediol) is a chemical used as a raw material for PTMG, which is used to make spandex fibre.
BDO applications have expanded to include engineering plastics, biodegradable packaging and footwear soles.
Bio-BDO is manufactured by fermenting sugars derived from sugarcane, replacing traditional fossil raw materials such as coal.
Hyosung chairman Hyun-Joon Cho said: "The bio business will become a core pillar of Hyosung for the next 100 years. We will strengthen our global market presence based on sustainable bio materials."
Image: (L) Tran Hong Ha, vice prime minister of Vietnam, with Sang-Woon Lee, vice-chairman/COO of Hyosung
