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2024-04-05

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually. BDO (Butanediol) is a chemical used as a raw material for PTMG, which is used to make spandex fiber. In addition to spandex (PTMG) fiber, BDO applications have expanded to include engineering plastics, biodegradable packaging, footwear soles, industrial compounds, and many other industries. #Bio-BDO is manufactured by fermenting sugars derived from sugarcane, replacing traditional fossil raw materials such as coal by 100%. It is expected to attract a significant attention in the sustainable materials market. Geno's proven technology enables Hyosung TNC to fast track their project and unlocks the production and selling of Bio-BDO with an annual capacity of 50,000 tons in the first half of 2026. News: Hyosung TNC Invests $1 Billion in Future "Bio" Business Video: Introducing rege
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