SINGAPORE
- Media
OutReach - 19 November 2021 - RGE group of resources-based companies has released
its 2021 progress report on its commitment to invest USD200 million in next-generation textile
fibre innovation and technology over a ten-year period which started in 2019.
The annual report provides an update on the activities
undertaken by RGE's business groups (Sateri, APR, APRIL, Bracell) involved in
the fashion value chain to advance its ambition towards closed-loop, circular
and climate-positive cellulosic fibre.
Bey Soo Khiang, Vice Chairman, RGE said, "Our
achievements this year underscore our commitment to continuous improvement in
clean production and resource utilisation efficiency. We will continue to
pursue manufacturing excellence and invest in best-in-class technologies for
all our facilities as part of our commitment towards closed-loop and cleaner
production."
In 2021, Sateri achieved full compliance with the
emission limits set out in the European Union Best Available Techniques
Reference Document (EU-BAT BREF) for all of its five viscose mills in China,
two years ahead of schedule. Bracell completed construction of the world's
largest and greenest new generation pulp mill in São Paulo which uses
cutting-edge technology for fossil fuel-free generation.
Amid the COVID-19 pandemic continuing to restrict
travel and collaboration, RGE persisted in building upon existing partnerships,
while entering into new agreements. Sateri strengthened its strategic
collaboration with Infinited Fiber Company, participating in the company's
EUR30 million funding round, which attracted new and existing investors such as
H&M Group, Adidas, BESTSELLER and Zalando.
New partnerships formed by RGE included a five-year
textile recycling research collaboration with Nanyang Technological University
Singapore, and a three-year strategic partnership with the Textile and Fashion
Federation Singapore which seeks, among others goals, to advance research and
innovation in circular economy approaches to fashion waste in Asia.
RGE's in-house R&D team has made good progress in
advancing its textile-to-textile project, focusing on producing quality viscose
using recycled cotton textiles as feedstock. To support plans to build a
textile recycling facility in Indonesia, and as part of commercial feasibility
analysis, studies examining the availability of textile waste and textile
recycling landscapes in China, Indonesia, Sri Lanka and Bangladesh were
completed.
Sateri remains on track in developing a product with
50 per cent recycled content by 2023, and to reach 100 per cent by 2030. It
also aims for 20 per cent of its feedstock to contain alternative or recycled
materials by 2025. In this similar vein, APR will source 20 per cent of its
feedstock from alternative or recycled materials by 2030.
RGE group of resources-based companies founded by
Sukanto Tanoto in 1973 is the world's largest viscose producer, through its
business groups Sateri and APR, with strong presence in Asia where textile
demand growth intersects with the textile production hub, giving the company a
unique opportunity to lead change all across the industry.
Download RGE 2021 Next-Generation Textile Fibre
Innovation & Technology Progress Report.
The issuer is solely responsible for the content of this announcement.