Sector News

Neste Joins Consortium to Supply Renewable Raw Material for Polyester Production

July 7, 2024
Energy & Chemical Value Chain

A consortium of seven companies across five countries has jointly established a supply chain for more sustainable polyester fiber.

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 for The North Face brand in Japan.

The consortium parties are Goldwin, in the role of project owner, Mitsubishi Corporation, Chiyoda Corporation (all three from Japan), SK geo centric (South Korea), Indorama Ventures (Thailand), India Glycols (India) and Neste.

Following Mass Balance Approach for Material Traceability

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, including sports uniforms, in July 2024. After that, the launch of further Goldwin products and brands will be considered.

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 defossilization of materials to contribute to a more sustainable society.

Source: specialchem.com

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