Leading polyester producer, Shinkong Synthetic Fibers Corp has invested $10 million in Ambercycle’s first state-of-the art commercial facility to enhance its production capacity for decarbonised polyester- Cycora.
This collaboration builds on three years of joint efforts that combined Ambercycle’s molecular regeneration technology with Shinkong’s expertise in the premium polyester market to produce regenerated yarns.
Shay Sethi, Co-founder and CEO, Ambercycle, says, this investment enables the company to expand its operations and advance the boundaries of sustainable textile production.
The global demand for decarbonised polyester is projected to increase to approximately 7 million metric tons annually by 2026, from 5 million metric tons in 2015, as more brands pursue circular materials to achieve their sustainability targets.
Eric Wu, Chairman, Shinkong Synthetics, adds, by investing in this new facility, the company reinforces its commitment to pioneer a future with decarbonised polyester. This collaboration will enhance its ability to deliver high-performance, sustainable products to the global market.
Ambercycle plans to begin operations at the new facility in 2026. Thefacility will significantly boost the company’s capacity to support circularity and scale next-generation materials in the textile industry, aligning with global initiatives to transition towards more decarbonised production practices.
