Leading resource-based manufacturing group Royal Golden Eagle (RGE) has announced plans to invest US$200 million over the next 10 years into cellulosic textile fibre research and development. The investment, revealed ahead of the Textile Exchange Sustainability Conference in Vancouver, will support solutions in alternative cellulose or plant-based feedstock and closed-loop manufacturing. The target allocation for the investment is 70:20:10 in three areas, respectively: scaling up proven clean technology in fibre manufacturing, bringing pilot scale production to commercial scale, and R&D in emerging frontier solutions.
As part of RGEs strategic push for alternative feedstocks an MoU was signed with re:newcell for technical cooperation and trials on production of viscose using recycled cotton, with the aim of industrial scale production by 2025. “We are very happy about adding Sateri, a world-leading fibre producer, to our group of validation partners for scaling up circular raw materials for fashion. Cooperation between many actors in the value chain is crucial to achieve significant positive impact in this industry,” said Patrik Lundström, CEO at re:newcell.
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Tsu Ern LIM, Omnicom PR Group, firstname.lastname@example.org
Felicia TANG, Head, Communications and External Affairs, Viscose Business, RGE Pte Ltd, email@example.com