Global consortium established to supply sustainable polyester fiber
A consortium of seven companies across five countries has jointly established a supply chain for more sustainable polyester fiber.
The consortium parties are Goldwin, in the role of project owner, Mitsubishi Corporation, Chiyoda Corporation from Japan, SK geo centric from South Korea, Indorama Ventures from Thailand, India Glycols from India and Neste from Finland.
Infographic on the value chain in the consortium.
Instead of fossil materials, renewable and bio-based materials as well as carbon capture and utilization (CCU) will be used in the manufacturing of polyester fibers. Neste will provide renewable Neste RE as one of the required ingredients for polyester production.
The polyester fiber produced in the project is planned to be used by Goldwin for a part of The North Face products in Japan, including sports uniforms, in July 2024. After that, the launch of further Goldwin products and brands will be considered.
In the consortium, mass balancing approach is applied to ensure credible traceability of material streams throughout the supply chain. The parties will also collaborate to proactively promote the defossilization of materials to contribute to a more sustainable society.
