The only Far Eastern New Century Corporation in Taiwan won the ITMF "Sustainable Innovation Award"

        Far Eastern New Century Corporation, as a leader in green material solutions, spared no effort to promote sustainable innovative products, and developed the world's first environment-friendly scientific and technological fabric made of "waste gas recycling technology" combined with "nylon 66 liquid dyeing process". After winning the "ISPO International Textile Trend Award Best Environmental Product Award" in February, On September 20, he was awarded the first "Sustainable Innovation Award" by The International Textile Manufacturers Federation (ITMF).

        The International Textile Manufacturers Federation (ITMF) has been established for more than 100 years. It is the largest, most representative and influential international textile professional organization. Its members come from more than 100 textile associations and enterprises around the world. It provides value chain cooperation and international market trends from fiber to fashion in the textile industry. This year's ITMF Annual Conference was held in Davos, Switzerland. Far Eastern New Century Corporation Douglas Hsu, Taiwan Textile Federation and industry representatives attended. The first "Sustainable Innovation Award" was awarded at the conference. An international jury composed of industry experts selected the award based on four aspects: value proposition, environmental impact, innovation achievements, social and economic impact and economic feasibility. Far Eastern New Century Corporation is not only the only winner in Taiwan, but also stands out from 45 top international material suppliers in the world, It was honored to receive the award on the stage, demonstrating Taiwan's sustainable innovation strength to the world.

        Douglas Hsu said: As the pioneer of green industry, Far Eastern New Century Corporation is responsible for leading the industrial transformation. In the future, the company will continue to pursue growth through Go Innovative and sustainability, and open a new direction of sustainability development for the industry.

        The sustainable innovative product awarded by Far Eastern New Century Corporation this time is to use the "carbon capture and utilization" technology, cooperate with American Biotechnology Corporation to collect the exhaust gas from steel plants, and transform it into polyester raw materials through the unique global polymerization technology and vertical integration capability of Far Eastern New Century Corporation, and then make it into waste gas recovery yarn. The product characteristics remain the same as that of petrochemical raw materials, It not only reduces dependence on petrochemical products, but also reduces greenhouse gas emissions by 30% to achieve carbon reduction benefits. In addition to technical innovation, the process is also combined with the nylon 66 stock dyeing process, which saves 61% of water, 67% of energy consumption and 85% of greenhouse gas emissions compared with the traditional water dyeing technology. Moreover, the color is more bright and saturated than the traditional dyeing and finishing fabrics, and the performance of light resistance and washing resistance is more excellent.

        ● Sustainable product development and achievements of Far Eastern New Century Corporation:

        2010: Recycle Yarn, made from recycled PET bottles, became the first jersey material for national football teams in the World Cup

        2016: Cooperate with adidas and NGO Parley for the Oceans to recycle marine discarded treasure bottles and make them into new products

        2019: Cooperate with Japan Coca Cola and 7-ELEVEN to develop 100% PET Close Loop business model

        2021: Cooperate with Continental AG to develop recycle yarn for tire cord fabric, leading the industry

        2021: Cooperate with Lululemon and American Biotechnology Company to develop the world's first low-carbon polyester fabric made of recycled waste gas

        2022: It is the first time in the world to recycle and reprocess the discarded marine treasure bottles for the football jerseys of national teams in the World Cup

        2022: With waste gas recycling polyester and water-saving nylon technology, it won the "ISPO International Textile Trend Award Best Environmental Protection Product Award" in February and the "Sustainable Innovation Award" of The International Textile Manufacturers Federation (ITMF) in September

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