Page 171 - CW E-Magazine (16-4-2024)

News from Abroad

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Hyosung TNC to invest $1-bn to set up bio-BDO

plants in Vietnam

South Korea’s Hyosung TNC has mass-produce regen bio-Spandex at the
said it received investment approval for Dong Nai Spandex factory.
its 1,4-butanediol (BDO) project from
the Ba Ria-Vung Tau Provincial Govern- Mr. Hyun-Joon Cho, chairman of
ment at the “Ba Ria-Vung Tau Province Hyosung, commented, “The bio busi-
Vision Declaration and Investment ness, which transforms conventional
Approval Ceremony” held on March 30 fossil raw materials into eco-friendly
in Phu My 2 Industrial Park in southern ones, will become a core pillar of
Vietnam. cane, replacing traditional fossil raw Hyosung for the next 100 years. We will
materials such as coal. enhance Hyosung’s premium brand status
Hyosung TNC plans to invest $1-bn by strengthening our global sustainable
to establish multiple bio-BDO plants Fully integrated production for market penetration based on our con-
capable of producing 200-ktpa, based Bio-Spandex sistent production system of bio-BDO
on US company, Geno’s proven With this investment, Hyosung and bio-Spandex.” The company said its
commercial scale technology. BDO TNC said it be the first in the world regen bio-Spandex has been enabling a
is used as a raw material for poly(tetra to establish a vertically integrated pro- sustainable fashion and textile industry
methylene ether) glycol (PTMEG)), duction system for bio-spandex, from by using natural resources as raw mate-
which is used to make spandex fibre, raw material to fibre, it added. Hyosung rials, minimising resource consumption,
engineering plastics, biodegradable TNC will produce bio-BDO at its and environmental pollution. Hyosung
packaging, footwear soles, industrial factory in southern Ba Ria-Vung Tau TNC plans to increase the sales volume
compounds, and many other indus- Province, manufacture PTMEG at a of sustainable spandex, which currently
tries. Bio-BDO is manufactured by nearby factory in Dong Nai, south of accounts for 4% of its total spandex
fermenting sugars derived from sugar- Ho Chi Minh City, and then use this to sales, to about 20% by 2030.
WuXi Biologics setting up CRDMO centre in Singapore

WuXi Biologics, the China-headquar-
tered Contract Research, Development
and Manufacturing Organisation (CRD-
MO), recently broke ground on its new
13.5-hectare CRDMO centre in Tuas
Biomedical Park, Singapore. The centre
will provide integrated biologics research,
development, and manufacturing services.

WuXi Biologics had announced a
$1.4-bn investment in Singapore in 2022.
The CRDMO centre will be the first-of-
its-kind in Singapore, offering end-to-end
biologics research, development, and
manufacturing solutions upon completion.
It will add 120-kilolitres of manufacturing
capacity to WuXi Biologics’ global net-
work, and is expected to employ 1,500 Biologics’ proprietary technical platforms, technology to provide clients with time-
staff. The site will be equipped with WuXi along with technologies such as single-use and cost-efficient services.

Chemical Weekly April 16, 2024 171

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