{"id":57834,"date":"2024-08-01T00:03:40","date_gmt":"2024-08-01T00:03:40","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/08\/01\/chairman-cho-hyun-joon-s-vision-for-hyosungs-centennial-growing-bio-bdo\/"},"modified":"2024-08-01T00:03:40","modified_gmt":"2024-08-01T00:03:40","slug":"chairman-cho-hyun-joon-s-vision-for-hyosungs-centennial-growing-bio-bdo","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-hyun-joon-s-vision-for-hyosungs-centennial-growing-bio-bdo\/","title":{"rendered":"Chairman Cho Hyun-Joon &#8216;s Vision for Hyosung&#8217;s Centennial: Growing Bio BDO"},"content":{"rendered":"<div>\n<ul type=\"disc\">\n<li>\u00ad<b>Investing <span class=\"xn-money\">KRW 1 trillion<\/span> in <span class=\"xn-location\">Vietnam<\/span> to establish a bio butanediol plant with an annual production capacity of 200,000 tons.<\/b><\/li>\n<li><b>Building the world&#8217;s first integrated production system for bio spandex, from raw materials to finished fibers.<\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">SEOUL, South Korea<\/span>, <span class=\"xn-chron\">Aug. 1, 2024<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Cho Hyun<\/span>-joon, Chairman of Hyosung, has identified &#8220;Bio BDO&#8221; as the future growth driver for the company.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2473397\/REGEN_BIOBDO_APPLICATION.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2473397\/REGEN_BIOBDO_APPLICATION.jpg?p=medium600\" title=\"\" alt=\"\"> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n<p>Butanediol (BDO) is a chemical used to manufacture PTMG, which is used in the production of spandex. BDO is also used to manufacture packaging materials, automotive interior components, and industrial compounds.<\/p>\n<p>Bio BDO is produced by fermenting sugars derived from renewable sources such as sugarcane or corn. Compared to conventional products that are produced with fossil fuels, Hyosung&#8217;s bio BDO is expected to reduce carbon dioxide emissions by over 90%, making it a highly regarded material in the eco-friendly market.<\/p>\n<ul type=\"disc\">\n<li><b>Investing <span class=\"xn-money\">KRW 1 trillion<\/span> in <span class=\"xn-location\">Vietnam<\/span> to establish a bio butanediol plant with an annual production capacity of 200,000 tons <\/b><\/li>\n<\/ul>\n<p>After observing the rapid shift in the global textile market toward eco-friendly products, Chairman Cho swiftly decided to invest in bio BDO.<\/p>\n<p>In April, Hyosung TNC announced its plan to invest <span class=\"xn-money\">KRW 1 trillion<\/span> in southern <span class=\"xn-location\">Vietnam&#8217;s<\/span> B\u00e0 R\u1ecba\u2013V\u0169ng T\u00e0u Province to build a new plant capable of producing 200,000 tons of bio BDO annually.<\/p>\n<p>The company plans to start production and sales of bio BDO with an initial capacity of 50,000 tons per year beginning in the first half of 2026.<\/p>\n<ul type=\"disc\">\n<li><b>The world&#8217;s first integrated production system for bio spandex, from raw materials to finished fibers<\/b><\/li>\n<\/ul>\n<p>With Chairman Cho&#8217;s investment in bio BDO, Hyosung TNC will establish the world&#8217;s first vertically integrated production system for bio spandex in <span class=\"xn-location\">Vietnam<\/span>. The plant in B\u00e0 R\u1ecba\u2013V\u0169ng T\u00e0u Province will produce bio BDO, which will be converted into PTMG at the <span class=\"xn-location\">Dong Nai<\/span> plant, and subsequently used to mass-produce bio spandex.<\/p>\n<p>This integrated production system is optimized for customers in the global eco-friendly premium textile market, including <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">the United States<\/span>. It enhances production efficiency through stable raw material supply and allows for quick responses to market demands by speeding up the production system&#8217;s operations. Additionally, it secures cost competitiveness by reducing transportation costs and minimizes environmental impact by lowering fuel consumption for transportation.<\/p>\n<p>Chairman <span class=\"xn-person\">Cho Hyun<\/span>-joon stressed, &#8220;The bio business, which focuses on transitioning from fossil fuel-based raw materials to plant-based ones, will be a key pillar of Hyosung&#8217;s centennial vision. Strengthening our global market strategy by focusing on our bio BDO and bio spandex integrated production system is key to elevating Hyosung&#8217;s premium brand status.&#8221;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00adInvesting KRW 1 trillion in Vietnam to establish a bio butanediol plant with an annual production capacity of 200,000 tons. Building the world&#8217;s first integrated production system for bio spandex, from raw materials to finished fibers. SEOUL, South Korea, Aug. 1, 2024 \/PRNewswire\/ &#8212; Cho Hyun-joon, Chairman of Hyosung, has identified &#8220;Bio BDO&#8221; as the [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-57834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chairman Cho Hyun-Joon &#039;s Vision for Hyosung&#039;s Centennial: Growing Bio BDO - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/chairman-cho-hyun-joon-s-vision-for-hyosungs-centennial-growing-bio-bdo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chairman Cho Hyun-Joon &#039;s Vision for Hyosung&#039;s Centennial: Growing Bio BDO\" \/>\n<meta property=\"og:description\" content=\"\u00adInvesting KRW 1 trillion in Vietnam to establish a bio butanediol plant with an annual production capacity of 200,000 tons. 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