The consortium parties are Goldwin, in the role of project owner, Mitsubishi Corp., Chiyoda Corp. (all three from Japan), SK geo centric (South Korea), Indorama Ventures (Thailand), India Glycols (India) and Neste.
Neste will provide renewable Neste RE™ as one of the required ingredients for polyester production. The polyester fibre produced in the project is planned to be used by Goldwin for a part of The North Face products, including sports uniforms, in July 2024. After that, the launch of further Goldwin products and brands will be considered.
The seven companies apply a mass balancing approach to ensure credible traceability of material streams throughout the supply chain and will jointly continue to proactively promote the defossilisation of materials to contribute to a more sustainable society.