SINGAPORE – Manufacturing group Royal Golden Eagle (RGE) has announced plans to invest US$200 million in cellulosic textile fibre research and development over the next 10 years.
The investment, revealed ahead of the Textile Exchange Sustainability Conference in Vancouver, will support solutions in alternative cellulose or plant-based feedstock and closed-loop manufacturing.
Most of the money - 70 per cent - will be spent on scaling up cleaner technology in fibre manufacturing, with 20 per cent being invested on bringing pilot scale production to commercial scale and the remaining 10 per cent on research and development (R&D).
