Ambercycle Partners With Hyosung TNC, MAS Holdings

Ambercycle, Los Angeles, has partnered with South Korea-based Hyosung TNC to support the integration of Ambercycle’s cycora® into brand supply chains. The textile-to-textile circular polyester is a regenerated polyester chip that meets the spinnability standards of virgin products according to testing conducted by the European Center for Innovative Textiles.

“Our collaboration with Ambercycle is another important step we are taking to help our customers meet their sustainability goals and scale solutions that both present and future generations can enjoy,”said Chi Hyung Kim, CEO, Hyosung TNC.“We’re impressed with cycora for its quality, but also for its potential to divert tons of textile waste from landfills and incinerators and reduce the extraction of raw materials used in the production of virgin polyester.”

In other company news, Ambercycle has struck a three-year polyester offtake agreement with Sri Lanka-based MAS Holdings. Under the partnership, MAS can reserve capacity for cycora for its customers, which will help Ambercycle expedite commercial-scale production as fast as possible.

2024 Quarterly Volume III

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