Indorama Ventures Public Company Limited, a global sustainable chemical company, has joined a consortium of seven companies across five countries to jointly establish a supply chain for more sustainable polyester fiber.
This has meant that renewable and bio-base materials, as well as materials produce via carbon capture and utilization (CCU para-xylene)
will be use in the manufacturing of polyester fibers for THE NORTH FACE brand in Japan, instead of fossil materials. Alongside Indorama Ventures representing Thailand, the project parties that have taken part in the pilot are Goldwin, in the role of the project owner,
Mitsubishi Corporation, Chiyoda Corporation (all three from Japan), SK geo centric (South Korea), India Glycols (India) and Neste (Finland).
The polyester fiber produce from the project is plan to be use by Goldwin, a leading Japanese company specializing in the design
and production of high-performance sportswear and outdoor apparel, as part of THE NORTH FACE products. This will include sports uniforms starting from July 2024. After that, the launch of further products
and brands under Goldwin, renowne for its innovation, quality, and commitment to sustainability, will be consider.
The seven companies apply a mass balancing approach to ensure credible traceability of material streams throughout the supply chain
and will jointly continue to proactively promote the de-fossilization of materials to contribute to a more sustainable society.
Yash Lohia, executive president of Petchem Special Projects, Indorama Ventures,commented on the collaboration: “We are proud to join forces with such esteemed partners in this groundbreaking initiative. At Indorama Ventures,
we are deeply committ to advancing sustainable solutions, and this project exemplifies our dedication to innovation and environmental stewardship
and making strides towards Indorama Ventures’ ‘Vision 2030’. By utilizing CO2-derived materials, renewable resources, and bio-based alternatives,
collaborative effort demonstrates the power of global cooperation in creating a more sustainable future for the textile industry and beyond.”
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