Leading resource-based manufacturing group, Singapore-based Royal Golden Eagle (previously known as Raja Garuda Mas), announced a US$200 million investment this October, which will span the next 10 years and revolutionise the fashion industry, paving the way for circular and sustainable fashion.
Unprecedented levels of textile waste is produced by the fashion industry. According to the Ellen MacArthur Foundation, one garbage truck of textile waste is generated every second.
The environmental impact of this is enormous. In order to commit to next-generation solutions, Royal Golden Eagle’s (RGE) investment plans to delve into cellulosic textile fibre research and development, to support solutions that turn textile waste and other pulp-based materials into closed-loop, circular, and climate-positive cellulosic fibres. RGE’s investment will further focus on alternative cellulose feedstock and clean manufacturing solutions deployable at industrial scale.
Royal Golden Eagle was first founded in 1967 by Sukanto Tanoto, and the group has grown exponentially since then, with eight successful businesses that belong to the Royal Golden Eagle Group. Of these, Asia Pacific Rayon (APR) in Indonesia and Sateri in China have led RGE to become the world’s largest viscose producer with a total annual production capacity at 1.4 million tons. Wood-based pulp is sourced from sustainably managed renewable plantations in Indonesia and Brazil, through RGE’s other companies APRIL and Bracell.
This major investment by Royal Golden Eagle has been allocated to several areas. Of the investment, 70% is being used to scale up proven clean technology in fibre manufacturing; 20% will be used to … Read More . . .