SINGAPORE – Royal Golden Eagle (RGE), the largest producer of viscose fibre globally, has published its first progress report since announcing that it would invest US$200 million in cellulosic textile fibre research and development over the next 10 years.
The report reflects on the company’s engagements with innovators both in the private and public sectors, and details how capital has since been apportioned in order to boost the viscose producer’s use of alternative cellulose or plant-based feedstocks and closed-loop manufacturing.
Thus far, the group has spent around US$41.5 million, more than 60 per cent of which has been used to scale proven clean technologies in fibre manufacture. Despite insisting the coronavirus pandemic has had a “negative impact” on its activities, RGE says: “We remain committed to invest financial and human capital to drive toward our sustainability goals in new innovative technologies.”
