Discovering Hyosung Advanced Materials Hidden in Today’s Mobility Solutions
One could say that another word for mobility is freedom- the freedom to leave for someplace anytime from anywhere. Mobility allows us to circumvent the constraints of space and time. Commuting to work every morning, meeting with friends, going on a trip or taking a short break, and meeting family members who live far away, all these things would be difficult without mobility. Mobility has been a part of human life for a long time. In comparison with walking at an average speed of 4 km/h, traveling at an average speed of 80 km/h in a car each day seems beyond human capability. Since mobility entails great risks, high-performance components and materials that provide safety and convenience are essential in moving vehicles. Hyosung Advanced Materials, a global specialist in materials, supplies a considerable variety of such materials. Do you know how many Hyosung products there are inside a single car? Today, we’ll take a close look at some of the Hyosung Advanced Materials products that are hidden in automobiles. Introduction to Mobility (101), Safety Devices in Cars Do you remember your very first driving lesson? When you take driving lessons, the first thing you learn is how to put on the safety belt. Hyosung Advanced Materials is the world’s top supplier of polyester yarn for seatbelts. Just as a top supplier should, Hyosung Advanced Materials realized the importance of yarn in automobile seatbelts long ago and has been producing seatbelt yarns since 1987. As the material for seatbelts directly affects safety, the company pursued a high degree of durability without missing any tiny details. Seatbelts produced by Hyosung Advanced Materials have excellent dyeability and wear resistance as well as tight control over appearance Today it produces diverse types of seatbelt yarn (low denier, black spun dyed, etc.) that meet different needs. It is claimed that seatbelts alone can reduce the car accident fatality rate by 45%; therefore, you must never forget to fasten your seatbelt whenever you get in a car. Hyosung Advanced Materials is the only top global company to manufacture all of the airbag yarns, fabrics, coatings, and cushions that make up an airbag. Airbags have a variety of shapes and functions, not just for the steering wheel but for other places inside a car, too. The driver airbag, or DAB, is installed in the steering wheel to protect the driver, while the passenger airbag (PAB) protects the person in the front passenger seat, and the knee airbag is designed to protect the knees. Meanwhile, the curtain airbag drops from the ceiling and offers protection against side collisions, while the side airbag (SAB) inflates from the side of the seat to protect the upper torso of the passenger. The airbag cushions made by Hyosung Advanced Materials that go into these different types of airbags can be found hidden in various parts of your car. Hyosung Advanced Materials manufactures airbag fabrics and owns Global Safety Textiles (GST), the world's largest airbag fabric supplier. A world leader in airbag fabric manufacturing, Hyosung Advanced Materials excels in both technology and quality. Global manufacturing hubs in North America, Europe, and Asia provide the company’s products worldwide. A shoe that fits your car perfectly! What is the only part of an automobile that comes into direct contact with the surface of the road? It is the tire, of course. Tires, which we could say are the shoes of the car, hugely affect ride quality, handling, vibration, noise, and fuel efficiency – qualities that are generally considered to be the basic characteristics of any car. In addition, tires must be able to withstand unpredictable road conditions and the weight of the whole vehicle. For these reasons, reinforcements like tire cords are essential components of automobile tires. With its own technology, Hyosung Advanced Materials successfully developed the country’s first nylon-based tire cord in 1968, followed by of a polyester-based tire cord in 1978. Each tire cord is assembled from several different parts, each of which requires its own unique material. The tire cords developed by Hyosung Advanced Materials, as well as other tire reinforcements made by the company, can be found in the tires of the car you are driving today. In addition to PET tire cords, currently the world's bestselling tire cord, Hyosung Advanced Materials also manufactures nylon tire cords, steel cords, and bead-wire and supplies them to global tire manufacturers. It can be argued that one out of every two cars in the world uses PET tire cords made by Hyosung Advanced Materials. These days, a great deal of research and development are being conducted on tire reinforcements to meet the growing demand for environmentally-friendly mobility solutions. Recently, Hyosung Advanced Materials has developed high-strength PET tire cords and aramid-based tire cords to enhance fuel efficiency, and these are already being used in many tire products. In addition, the company is currently developing recycled PET made with discarded PET bottles, recycled steel cords made using an induction furnace, bead wire technology, and tire cords made from environmentally-friendly materials like bio-based PET and bio-based nylon. Will a new wonderous material show up in my car? Are you a person who drives a hydrogen car to preserve and protect the environment? The carbon fiber manufactured by Hyosung Advanced Materials is also used as the material for hydrogen fuel tanks. To store and transport hydrogen safely, a large container is needed due to its a high weight-to-energy density ratio and a large volume. For this reason, hydrogen is usually compressed with high pressure for storage purposes. Carbon fiber is the most suitable material for this purpose due to its low weight, high elasticity, and excellent thermal conductivity. Originally developed by Hyosung Advanced Materials in South Korea, carbon fiber is ten times stronger and seven times more elastic than steel. A hydrogen fuel storage tank made of carbon fiber weighs only half as much as a similarly-sized tank made of metal and thus can increase the fuel efficiency of vehicles. Besides the hydrogen fuel storage tank, carbon fiber’s excellent strength and light weight have made it an ideal material for a broad range of car components designed to increase fuel efficiency. Carbon fiber is used as the main material for monocoques (a type of automobile frame), wheels, bonnets, and sunroof frames, and its scope of application continues to expand. In order to meet the increasing demand for carbon fiber, Hyosung Advanced Materials is planning to invest a total of one trillion won by 2028. This will enable it to expand the capacity of its Jeonju plant to 24,000 tons. Phase 2 of this expansion project has already been completed, and Phase 3 is scheduled for completion in April 2023. Transforming your car into your own personal hideout! As a temporary refuge from adverse weather conditions like cold winds and a form of escape from a hectic, noisy world, a car can provide a cozy private escape. This is why so many of us like to take a drive whenever we need to clear our minds. Hyosung Advanced Materials is a leading supplier of car carpets, which make our car the most comfortable places to hide away. Floor carpets and mats are the two main types of carpets installed in cars. Floor carpets are molded to fit the shape of a car’s steel frame and are essential components of a car, unlike mats which are classed as an optional feature. As well as providing comfort and cushioning, carpets reduce noise and vibration and absorbing impacts. On the other hand, mats that are laid on top of the floor carpet help to prevent the floor carpet (which is difficult to replace) from getting contaminated by dirt and moisture while simultaneously serving as a cushion that relieves fatigue in one’s feet and improve the aesthetic of the interior of a car. Hyosung Advanced Materials produces carpets using BCF (bulked continuous filament) method, which makes them unique. With this method, each strand of yarn is produced individually, which results in a special yarn with excellent bulkiness (the characteristic of swelling in volume) and restoring force (the characteristic of bouncing back when pressed). Passengers and driver’s shoes always contact carpets, which wear out the carpet quickly. However, car carpets made with BCF yarn do not wear out easily compared to those made with regular nonwoven yarn, thanks to their ability to bulk up like a cotton ball. Floor carpets made from BCF yarn also reduce interior noise in cars by as much as 30%. It is undeniable that BCF is an essential product for comfortable driving. Today, we’ve examined in detail some of the products by Hyosung Advanced Materials makes for automobile. From safety to ride comfort, Hyosung Advanced Materials assumes responsibility for the quality of your car through its unstinting focus on material engineering. Providing uniform quality and flexible services to its customers is one of the hallmarks of Hyosung Advanced Materials.
The Use of Hydrogen in Our Daily Lives Is No Longer Just a Dream for Future Generations!
What is the first thing that springs to mind when you think of the word ‘hydrogen’? You might think of it as something that exists in abundance all around us, as one of the elements of water (H2O) that could be extracted, or as a gas that doesn’t cause environmental pollution and could be used as an energy system – images that suggest ease of supply and environmental friendliness. A hydrogen car propelled by hydrogen is one of the first images that come to mind. Indeed, mobility is one of the sectors where hydrogen is actively used. As a hydrogen specialist company, Hyosung is a group whose subsidiaries are cooperating with various businesses to develop the hydrogen mobility market. However, when people speak about ‘environment-friendly’ cars, most people equate them with battery-powered cars (FCEV) rather than hydrogen-powered cars (BEV) because electric cars have long been viewed as the mobility solution that will eventually replace internal combustion engine cars. But the days are not far off when hydrogen-powered cars on the streets will be a common sight. Let’s consider why hydrogen is attracting interest as the energy source of the future by examining the characteristics of hydrogen-powered cars that could make them an engine of growth in the mobility markets of the future. Q. What are the main reasons hydrogen attracts interest as a future energy resource? The first reason has to do with the environment-friendly nature of hydrogen. Hydrogen is an infinite energy source and a universal resource that exists in abundance in water and on Earth. This is backed up by evidence: hydrogen constitutes 75% of the universe’s mass and 90% of its molecules. Furthermore, hydrogen does not emit any air pollutants that produce greenhouse effects, unlike the carbon dioxide (and small amounts of nitrogen) generated by the burning of fossil fuels. Because hydrogen can be converted back to the water, hydrogen can also be recycled after it has been used to produce energy. The second reason for the growing interest in hydrogen is that it can be used in many industries that require energy. Hydrogen fuel cells can power airplanes and cars. Hydrogen gas can replace traditional LPG for cooking in residential homes, heating buildings, and generating electric power. Although hydrogen as a fuel is perfectly safe, Hyosung Heavy Industries is paying close attention to the its safe transportation and storage because the market for liquid hydrogen is growing. Hydrogen is transported and sold as a liquid because its volume is reduced significantly when hydrogen gas is compressed into its liquid form. Therefore, before high-pressure tanks containing liquid hydrogen are installed in vehicles, Hyosung Heavy Industries conducts rigorous safety tests such as flameproof, collision, and leakage tests. It also manufactures and supplies the nylon liner resin needed to stop hydrogen leaks. Q. I am curious about the state of the hydrogen market today. Do you think hydrogen could succeed globally? The conventional cars with internal combustion engines that people drive are responsible for most of the environmental pollution we see today. According to the Ministry of Environment's Greenhouse Gas Information System, South Korea generated 727.6 million tons of carbon dioxide emissions in 2018, of which 98.1 million tons (13.5%) were produced by the transportation sector, which includes automobiles. This is why the advantages of hydrogen and electric cars are being hyped to such a remarkable extent. Of the two, many people already drive electric vehicles, but their shortcomings, namely the lack of charging infrastructures and faster charging technology, still need to be fully resolved. The batteries used in electric cars are relatively inexpensive. Since many companies are investing heavily in hydrogen technology, there are signs that these problems will be resolved, making the hydrogen market look more favorable. However, with hydrogen cars, the availability of hydrogen as a fuel and the fact that they discharge only water instead of exhaust gas makes it easy to handle unexpected situations involving fuels. However, hydrogen cars require more advanced technologies and are sold at premium prices that are 60-70%. More expensive (the high cost of hydrogen fuel cells being the main factor) than electric cars, consumer prices are expected to fall in the future as the market expands, and the production and supply of hydrogen cars will increase, leading to improved productivity. Q. Hydrogen car vs. battery-powered electric car: which is better? Hydrogen and electric cars differ in how fuel is generated and recharged. Hydrogen cars are powered by electricity generated by combining hydrogen atoms with oxygen atoms, whereas electric vehicles are powered by electric charges stored in their batteries. Thus, a hydrogen car generates the electricity it needs to move by itself. Furthermore, hydrogen has the advantage of being lighter with a very high energy density compared to batteries. While the battery capacity of a typical electric car is 60kwh, 1kg of hydrogen contains 33.3kwh of energy. This means that the same amount of energy can be stored with just 2kg of hydrogen. In fact, hydrogen cars not only boast a short charging time but can travel 600 m on a single charge. On the other hand, electric vehicles require long charging times and can only travel 300-400km on a single charge. In particular, there are no benefits to be gained from making electric versions of commercial vehicles like buses and trucks because the long distances require massive amounts of energy, which can only be supplied with a heavy battery and longer charging times. Therefore, hydrogen technologies are being developed primarily for commercial vehicles where there is a clear advantage to using hydrogen power. Europe introduced hydrogen-powered buses over ten years ago. In South Korea, cities like Jeju, Busan, and Pohang are introducing hydrogen-powered buses, and Ulsan is planning to pilot a hydrogen-powered tram service in 2023, which will become the first service of its kind in the world. Meanwhile, over 50,000 hydrogen-powered forklifts have already been sold in the United States. Due to their dependence on raw materials like cobalt, nickel, and lithium and the issue of discarded batteries, electric cars have come under considerable criticism for not being a completely environment-friendly solution. In contrast, hydrogen cars are relatively free from such criticism because when green hydrogen is used as a fuel, vehicles could be operated as a completely non-polluting mobility solution. Q. So, why is there more publicity and hype surrounding electric cars than hydrogen cars? The reason is simple – a greater number of electric cars have been sold than hydrogen cars. A comparison of the global sales figures for 2021 shows that 4.73 million electric cars were sold that year, against only 15,500 hydrogen cars. The South Korean government plans to increase the number of charging stations to around 510,000 by 2025, but the number of hydrogen refueling stations under this plan will be only 450. A huge gap of this magnitude is largely attributable to inadequate support infrastructure. Charging stations for electric vehicles only leave a small footprint and are relatively cheap to install, whereas hydrogen refueling stations require a large area and are more expensive. But investments are still being made in hydrogen-powered cars because the energy content of hydrogen is three times that provided by an internal combustion engine, and it is far more environmentally friendly. Governments all around the world are working hard to find ways of quickly installing as many hydrogen refueling stations as possible. Recently, the European Union tabled a bill to increase the number of refueling stations aggressively. If this bill becomes law, Europeans will see a tenfold increase in the number of hydrogen refueling stations on the continent, rising from the current 150 to over 1,500 by 2030. Hyosung Heavy Industries, the top hydrogen refueling station supplier in South Korea, is also leading the effort to build more hydrogen refueling infrastructure to meet the growing demand. There are just twenty five hydrogen refueling stations in operation around the country, but fifteen additional stations are now under construction. Q. What was the hot topic of discussion in the hydrogen industry just now? Right now, liquefied hydrogen is the area that’s attracting all the attention of the hydrogen industry. Liquefied hydrogen means precisely what it suggests. It is hydrogen in the form of a liquid, created when hydrogen is cooled to below minus 253 degrees Celsius. There is a sound reason why people are using hydrogen in its liquid form despite it being a gas in its natural state. Hydrogen gas must be compressed at high pressure to store it in large volumes before it can be stored. High compression requires containers with thick walls, which will be heavy and relatively inefficient for transporting hydrogen gas. Compressed hydrogen gas still occupies a huge volume, so acquiring sufficient land to construct refueling stations could be somewhat problematic. Liquefied hydrogen has 1/800 the volume of hydrogen in its gas state and, therefore, could be kept at atmospheric pressure, relieving operators from the burden of handling highly compressed gas. Because of its reduced volume, ten times more hydrogen can be transported in the liquid state. This advantage naturally implies that the space required to build a refueling station would be smaller, with lower facility costs and transportation costs, making hydrogen more economically feasible. To accelerate the adoption of liquefied hydrogen, Hyosung Heavy Industries has partnered with Linde Group of Ireland to build a liquefied hydrogen plant in South Korea. This plant, currently being built in Ulsan, is scheduled to operate in May 2023. Once completed, it can produce 13,000 tons of hydrogen per year. Hyosung is planning to increase the plant’s capacity to 39,000 tons per year by expanding it and building new facilities. In the hydrogen business, Hyosung Heavy Industries is concentrating all its efforts on constructing core hydrogen infrastructures and refueling stations. The company will also construct Ulsan’s first hydrogen refueling station when its liquid hydrogen plant goes into operation. By the end of next year, the company will complete the construction of four other refueling stations at various locations across the country, including Gwangyang, Gyeongsan, and Geoje. It also plans to construct new refueling stations at thirty other places across the country in the longer term. Q. We are curious about the future of hydrogen use in our daily lives! Hydrogen is an energy of the future that is being adopted by many countries to protect the environment. Passenger cars, buses, and trucks are our daily lives in the mobility ecosystem. Hydrogen will be widely used in passenger cars, buses, trucks, trams, trains, airplanes, drones, UAM, equipment, forklifts, ships, and submarines. Hydrogen will soon flow directly into our homes through our LPG city gas pipelines. The South Korean government has developed a hydrogen supply via the existing LPG pipelines by mixing it with LPG (80%combiningnd 20% hydrogen), and a stem has been in operation since this year. Supplying hydrogen by mixing it with LPG is an idea that is being tested in countries like the United States, the United Kingdom, and Germany. Now that you have learned all about hydrogen, don’t you think it’s much closer to us than you imagined? As the leading company in the hydrogen economy, Hyosung will lay the foundations for bringing hydrogen to your daily lives. A future with a cleaner environment made possible by environmentally friendly energy awaits us all, a future where we can all drive hydrogen cars.
POKETONE™, the safer plastic for everyday products
Watching your child play, you may wonder if children’s toys are truly safe for your child to play with. One day, your child may be stacking toy blocks one by one, when suddenly you see the small, chubby hands putting the toy up to his or her mouth. At that moment, your mind flashes back to the news you saw on television the other day about the potential harm of plastic toys. However, you have nothing to worry about if the toy is made from an eco-friendly polymer material called polyketone, which was first commercialized by Hyosung Chemical and marketed under the brand name POKETONE™. Because we want our children to hold only good things in their hands Toys are essential tools for a child's cognitive and social development, as well as for developing fine motor skills and fostering a creative mind. Toys made from plastic are usually lightweight and will not cause injuries even if your child drops or throws them. They are easy to wash and dry if they get dirty, so they are relatively easy-care. When your child plays with plastic toys in the swimming pool, you have nothing to worry about because plastic toys do not get deformed or decay in water. However, despite their many advantages, plastics have had their share of controversies. To make soft plastic toys that are also durable, plasticizers that soften hard plastic must be used as additives. In general many parents do not necessarily check whether the toys you buy for your child are made with environment-friendly plasticizers or that the toys themselves are made with materials that are harmless to the human body. However, your child may become exposed to such hormones and carcinogens. In particular, phthalates, which are additives used in the production of a popular plastic-based material called PVC (polyvinyl chloride), contain high levels of environmental hormones and carcinogens. This dangerous substance can even cause autism and ADHD (attention deficit hyperactivity disorder) in children. Plastics can also pose a never-ending issue. A few years ago, a huge controversy arose when baby bottle sterilizers were found to contain microplastics. Hyosung Chemical, having recognized the importance of addressing such concerns and preventing risks, succeeded in developing the innovative plastic by the brand name POKETONE™, which has exceptionally strong chemical resistance. Hyosung Chemical’s POKETONE™ contains no hazardous substances like phthalates, formaldehyde, halogens, heavy metals, or organic residues. POKETONE™ is a safe material that the US Food and Drug Administration (FDA) approved as being harmless to the human body. It is an outstanding engineering plastic with better properties with similar materials. It has an impact strength that is 2.3 times better and chemical resistance that is 30% more effective than nylon, a material already widely known for its robustness. Its properties hardly change in the presence of moisture, and its ability to resist wear is more than fourteen times better than POM (polyacetal), a material whose wear resistance is at the top of the charts. POKETONE™ can also block out gas very effectively, which is why it is being used extensively in diverse industrial applications. Polyketone is extremely difficult to produce, and despite the continuous research that has been carried out on this material, it was never commercialized. In 2004, however, Hyosung Chemical launched a project to research POKETONE™ with the aim of developing an innovative plastic that would be safer and more sustainable for future generations. Finally, after ten years of R&D, the company succeeded in developing POKETONE™ in 2013. In 2015, it completed all the preparations for its commercialization, which included designing a manufacturing plant and forming a business unit. To this day, Hyosung Chemical is the only company in the world to possess POKETONE™ commercialization technology. POKETONE™, a material that is present in every aspect of our daily lives! POKETONE™, with its excellent safety and attributes, can be found in every aspect of our daily lives, not just in toys. One industry where POKETONE™ is widely used in the food industry, where the importance of safety cannot be understated. POKETONE™, which is harmless to the human body and resistant to moisture, is also used as the material of the components that go into water purifiers. Due to its excellent chemical- and wear-resisting characteristics, it is also used as a material for food conveyor components. POKETONE™ is even used in the production of the food trays that we see every day in cafeterias and schools. When we are eating, invisible particles inevitably fall off our spoons and chopsticks. However, no harmful substances are detected in POKETONE™ because it is so resistant to wear, which also means that it is resistant to friction. Furthermore, when it is used as a material for gear components, POKETONE™ reduces noise, leading to a more pleasant working environment in manufacturing facilities. Another application of POKETONE™ is the cosmetics container, a product that comes into direct contact with our skin. Due to the chemical- and oil-resisting characteristics of POKETONE™, the cosmetic product held by a container made with POKETONE™ does not get altered, and the cosmetic is preserved in its original state. Unlike other substances that leave organic residues that are harmful to the human body, POKETONE™ has been certified as a safe product by the U.S. Food and Drug Administration (FDA) and is commonly used in the manufacture of everyday items such as shower parts, all manner of sports goods ranging from tennis rackets to golf tees. The scope of its application is expanding continuously. There are many advantages to using POKETONE™ in pumps that move liquids like water and cosmetics in liquid form. Metals rust and this rust can contaminate the contents in a pump. But when POKETONE™ is used instead, concerns about contamination are completely alleviated, and moreover, the recyclability of the pump can be improved. Because POKETONE™ is resistant to impacts and fire, it is also used as the material for water meters and electric power meters. In 2016, Hyosung Chemical launched POKETONE™ in overseas markets, and since then, it has become a strong seller in many countries in Asia, including China, as well as in the European and North American markets. ‘Environment-friendly Plastic’ - the more we make, the more we think about how to increase its benefits. POKETONE™ is a material that is not only harmless to the human body but possesses excellent properties, too. Would you believe this material is even environment-friendly? POKETONE™ is produced with carbon monoxide, the chief culprit of air pollution. Carbon monoxide is released in massive amounts as a byproduct in steel-making factories or when fossil fuels, biomass, and waste materials are converted into gas. When carbon monoxide is burned, it is transformed into carbon dioxide, the primary greenhouse gas that we know so well. POKETONE™ was born through the transformation of carbon monoxide into a new resource instead of allowing it to be released as a harmful gas that threatens the Earth. POKETONE™ is an environmentally friendly engineering plastic whose production process by itself contributes to reducing environmental pollution. In fact, the results of life cycle assessments (LCA) conducted by certification authorities have shown that the production process for POKETONE™ has a far less harmful impact on the environment than that of other similar materials. Life cycle assessment quantifies the input and output materials of the entire production process and analyzes the overall impact on the environment, and is performed according to international guidelines. The invention of plastic and the following advances have made it possible for people today to purchase numerous household items at very affordable prices and store food for long periods. However, despite its history of bringing revolutionary changes and remarkable progress, plastics are now blamed for all sorts of dangerous effects and environmental pollution. All living organisms and humans are entirely exposed to the “revenge” of microplastics and environmental hormones, the remnants of the ‘plastic revolution.’ Under these circumstances, the invention of POKETONE™ was a challenge that Hyosung Chemical had to take up in order to protect mankind, the environment, and the health of all living organisms. The plastic revolution of the twentieth century brought endless conveniences to mankind. At the dawn of the twenty-first century, Hyosung Chemical is resuming this revolution with POKETONE™. Hyosung Chemical continues to carry out innovation research today, just as it did in the past and will do in the future, so that everyone in the world can use plastic with perfect peace of mind!
Together, for better value: Our efforts to combat climate change!
Mankind and nature have always coexisted. Nature has always been an integral part of human existence and humans have been a part of nature’s history. Because mankind cannot exist without nature, mankind must find a way to coexist and prosper with nature. In order to create a natural environment where sustainability is guaranteed, the ability of individuals, enterprises and the world to coexist, the value of ‘togetherness’ is now more important than ever before. Many people around the world today are working feverishly to combat climate change on multiple fronts. All these human efforts are being made for the sake of one goal: ‘the coexistence of mankind and nature’. This goal is the very definition and objective of ‘living well together by helping each other’. There is a company that practices this value of ‘togetherness’, the very meaning of coexistence. That company is Hyosung TNC! According to the UN, the fashion industry is responsible for about 8-10% of CO2 emissions, the main cause of climate change. Hyosung TNC, which manufactures textile yarns for the fashion industry, is the world’s top maker of spandex. As a responsible member of the industry, the company has been introducing many types of eco-friendly products over the years with the hope of contributing to the mitigation of the climate change crisis. The brand that symbolizes the company’s efforts in this regard is regen®, a recycled yarn brand. To produce and supply regen®, Hyosung is collaborating with a slew of fashion companies and organizations and creating the value of mutual growth. regen® is not the only example of the sustainability drive being pursued by Hyosung TNC. Hyosung TNC is ceaselessly researching new ways of reducing carbon emissions throughout the lifecycle of its products. Today, we at Hyosung TNC intend to fully disclose the details of our environmental activities. Transition to environmentally-friendly fuels Hyosung TNC’s factories were able to reduce their greenhouse gas emissions significantly after switching to low carbon energy sources. The factories receive waste heat (a renewable energy source) from nearby household waste incineration centers, after which biogas generated by the anaerobic digestion tank of the wastewater treatment plant is fed into the boilers. The company’s Gumi factory has reduced its greenhouse gas emissions by replacing B-C oil with LNG and LPG gas. Until recently, B-C oil was widely used in the manufacturing sector because it was cheap and had high energy efficiency, but it was blamed for polluting the environment because it produced diverse pollutants including soot. Therefore, the Gumi factory gradually increased the substitution of B-C oil, the source of so many pollutants, and reached a milestone in November 2019 when it stopped using it completely. Hyosung TNC is paving the way forward as a global leader that considers the value of the environment, rather than as one that thinks only about minimizing costs to boost efficiencies. 1) Reducing GHG emissions through improved processes and the construction of a smart energy platform The environmental investment plan for each factory is the one thing that Hyosung TNC never forgets to prepare every year. The company is dedicated to reducing carbon emissions through energy savings that are concretized in the yearly environment investment plans. Every year, Hyosung implements the environment investment plan thoroughly and strictly according to the schedules set forth in the plan. Manufacturing processes are improved to cut down on energy usage rates, while equipment like motors, freezers and air compressors are replaced with high efficiency ones. In addition, in 2020, Hyosung TNC’s Daegu factory participated in the ‘Seongseo Industrial Complex Smart Energy Platform Construction Project’ launched by the Korea Industrial Complex Corporation. In this project, twenty instruments were installed in facilities that consume large amounts of electricity, and a Factory Energy Management System (FEMS) was set up in the factory. The FEMS is a system that enables energy to be used effectively in a factory thanks to the application of information communication technologies and computing software. It analyzes how much energy is used by a particular facility, forecasts the level of energy demand, and calculates the appropriate energy usage rate and costs. With the deployment of the FEMS, Hyosung TNC is able to operate its facilities more efficiently because it can determine in real time where and when energy is used and then make adjustments to the amount of energy to be supplied. 2) Building a GHG inventory at global factories Depending on the nature and scope of emission rates, greenhouse gas emissions can be classified into Scope 1 (direct emissions), Scope 2 (indirect emissions), or Scope 3 (other emissions). Hyosung TNC not only monitors and manages the scope 1 greenhouse gases directly emitted by its factories, but also manages indirectly emitted scope 2 greenhouse gases. To build an inventory of greenhouse gases at its global factories, and not just its factories in South Korea, the company calculates scope 1 and scope 2 emission rates at the factories run by its subsidiaries in China (Hyosung Spandex Jiaxing Co. Ltd.), Republic of Türkiye (Hyosung Istanbul Tekstil Ltd.), and Vietnam (Hyosung Dong Nai Ltd.). In the case of its domestic factories, Hyosung TNC even calculates its scope 3 emission rates (i.e. emissions across the entire value chain) voluntarily and reports the data to the Carbon Disclosure Project (CDP). With the aim of building greenhouse gas inventories and controlling the emission rates of all its global factories, the company is planning to gradually introduce the calculation of scope 3 emission rates to its other factories. By managing indirect emission rates and emission rates at its overseas subsidiaries, Hyosung TNC is working hard to reduce greenhouse gas emissions. 3) Gradual transition to environmentally-friendly businesses As mentioned earlier, Hyosung TNC is a global fabric producer that supplies, in close collaboration with global fashion brands, environmentally-friendly yarns made from recycled materials which are sold under the brand name regen®. Through ceaseless research and development activities, the company is also introducing an entire product lineup that will expand the functionalities of regen®-based products. For example, it supplies recycled yarn made from post-consumer waste materials (waste materials discarded by end consumers) such as PET bottles and used fishing nets, and pre-consumer waste materials (waste materials generated before a product reaches the consumer), with the latter being a by-product of the manufacturing process. Recycled yarns not only help to reduce the amount of waste buried in landfills, but also lower the use of petroleum resources during the production of normal yarns, which in turn naturally aids the environment because lower petroleum resource usage means lower carbon dioxide emissions and energy usage. Hyosung TNC is also leading the pro-environmental movement of the industry by manufacturing bio-based products, which require less water and generate less carbon than conventional yarns and are made from non-edible ingredients. 4) Spreading a pro-environment culture within the company In 2021, Hyosung TNC’s main office in Mapo-gu launched a campaign to reduce the use of disposable products that are indiscriminately used and thrown away in the office. This campaign involved the participation of all executives and employees working at the main office. Today, employees use their own personal tumblers (slightly less handy but longer lasting) rather than the disposable paper cups. By using personal tumblers as a substitute for easy-to-discard paper cups, the company anticipates that this will translate into a greenhouse gas emission rate reduction of around two tons per year, while costs can be saved for roughly 190,000 paper cups that were used in the main office each year. Another notable campaign is the ‘Internal campaign to reuse regen’ launched in 2022. For this campaign, which is now in its second year of operation, special bins have been installed in the company’s main office building in Mapo-gu to collect discarded PET bottles, which are then recycled and used as a material for making environment-friendly fashion items for distributing to employees. The PET bottles discarded in the office are also collected and recycled as Hyosung TNC’s environmentally-friendly regen® polyester yarn, which is used to make bags and t-shirts for the employees. In 2022, 8,831 PET bottles were collected - an effect equivalent to 37 pine trees absorbing carbon dioxide for thirty years. The campaign is continuously improving the brand awareness of regen®, the company’s flagship environmental brand, as well as cultivating a positive mindset among employees regarding their personal participation in the recycling of resources. Hyosung TNC also organizes an annual ideas contest with the aim of finding novel ways to reduce energy consumption and greenhouse gas emissions, in the hopes that increased awareness of the issue among employees could lead to deeper cuts in the company’s carbon dioxide emission rates. This ideas contest has produced some tangible results. For example, Hyosung TNC’s Nylon Polymerization Team at the Ulsan factory proposed the innovative idea of raising the production density of thickeners in the recovery process to reduce the use of energy. If this idea is realized, greenhouse gas emissions could be reduced by up to 8 tons in a single year, which is a big motivator for Hyosung TNC to review this idea in earnest. We live in an era of rapidly changing times and trends which inevitably lead to the production of huge amounts of disposable items, trash, and fast fashion (SPA). The resulting pollution poses a threat to the health not only of everyone now living on Earth but also to future generations of mankind. As if the pollution of land is not enough, the plastic waste that seeps into the oceans is creating huge offshore islands, and as the plastic exposed to sunlight cools, it discharges greenhouse gases. These greenhouse gases then reflect the sunlight back to the surface of the earth, making our world even hotter. After floating on the seas for a long time, waste materials eventually disintegrate into tiny pieces, which are then eaten by sea creatures who mistake them for food, with often disastrous consequences. Ultimately, these waste materials pass through the food chain and end up in the bodies of humans. This is a major problem that cannot be resolved through the efforts of one person or one organization alone. The problem requires the interest of the wider international community and commitment and efforts from all of us. This is why Hyosung TNC, as the world’s top producer of spandex, seeks to play an active role in tackling the problem with a sense of responsibility. In tune with its reputation as a global top player, Hyosung TNC will design a sustainable future for all generations based on its environment-oriented business, so that everyone can welcome a future in which they can live safely in a clean environment. At every moment, Hyosung TNC considers sustainable progress for all generations, present and future. indeed, the choices we make as a business will always place "togetherness" in our pursuit of valuable customers like you who yearn for a brighter future.
How Wind Turbine Blades Work to Produce Energy
We celebrate Global Wind Day on June 15 to highlight the power and possibilities that wind energy can provide to better protect our environment. People often take wind for granted, but wind has the potential to provide us with endless energy. How wind turbine works The RE100 campaign (Renewable Electricity 100%) aims to convert all electricity sources of company to 100% renewable energy by 2050, while wind, solar, and water sources receive attention. Many companies are particularly paying attention to wind power for its great potentials. Did you know if Hyosung Heavy Industries is one of them? The workings of wind power turbines are the first thing we need to understand before diving into Hyosung’s wind power business. Wind turbines are composed of blades, tower and nacelle. A nacelle consist of a gear box and generator. The gear box accelerates the blades from low speed to high speed. Generator convert mechanical energy into electric energy. To put it simply, once wind energy comes into contact with the blade, it starts to rotate and the rotational kinetic energy created by the gear box is conversed into electric energy which is transferred to substations to reach consumers. Hyosung makes a difference even when it comes to wind power In 2006, Hyosung Heavy Industries developed Korea's first 750kW wind turbine, and in 2009, it developed a 2MW turbine. In 2014, a 5.5MW offshore wind turbine was installed and is currently in operation at the Jeju Gimnyeong National Wind Test Site. In 2015, this turbine received international certification from the DEWI-OCC Group of Germany. Based on its proprietary technology, Hyosung is the first Korean company to acquire international certification for geared wind power plants. The key to wind power is organic collaboration among different parties. Hyosung is uniquely positioned to compete in this area with its competitive gearboxes and generators. In addition to core technologies, Hyosung is a leader in various parts used in wind power turbines. 90% of the parts are manufactured locally. Hyosung leads the future of green energy With the national carbon zero policy and subsequent efforts have made renewable energy such as wind power essential for reducing carbon emissions because it does not use fossil fuels. Hyosung plans to invest 1 trillion KRW in Jeollanam-do, Korea, for its wind power-based green hydrogen production. Using water electrolysis, wind turbines will be built offshore of Sinan to produce green hydrogen. A wind power plant complex to be built with a capacity of 25GW encompassing offshore Younggwang, Sinan and Yeosu. This scale would match 25 nuclear power plants by facility volume. Hyosung Heavy Industries is working on a joint venture with a global leader in offshore wind turbine manufacturing. Currently, Hyosung Heavy Industries is working on acquiring KS certification for a 10MW wind turbine which will produce energy domestically. Hyosung has also been working on building a 10MW water electrolysis facility, which will be the largest in Korea. From offshore wind power turbines, Hyosung plans to produce up to 200,000 tons of green hydrogen. As there are many areas that would require green energy in the future, green hydrogen will facilitate a green energy of the future. In the Energy Storage System (ESS), for instance, batteries would be replaced by the P2G (Power to Gas) technology that stores green hydrogen as gas. The hydrogen fuel cell would have a higher energy density per weight than the ESS, and would require less energy to recharge. Lithium battery in ESS have less energy density per weight than hydrogen and larger energy loss. Hydrogen would have larger energy density per weight than that of the ESS and less energy loss and limitations in recharging frequency. The use of green hydrogen as an energy source would enable us to save large amounts of electricity while reducing losses. Green wind power plant led by Hyosung Heavy Industries Wind power holds limitless potential. Wind power as part of solar power energy is limitless in supply and tapped into for energy permanently. Unlike fossil fuel, wind power energy does not emit toxic pollutants such as greenhouse gas into air. It only requires investment in early stages but otherwise operational cost would be minimal. Wind power is in its nascent period in terms of development and thus promises a great potential of growth. Hyosung is leading that development effort. It is in our hands as to how to use this energy of limitless supply in a smart and efficient manner.
Carbon Fiber in Everyday Life (III)
‘Top Gun: Maverick’ has become the second highest-grossing international release in 2022, surpassing ‘Frozen’ in terms of ticket sales. Its scenes depicting fighter pilots’ passion and comradery on the 5th generation fighters not only brought joy to the eyes of movie-goers but also attention to the life of pilots in general. Especially the scene where Tom Cruise’s fictional character in the movie takes the supersonic Darkstar aircraft on an unauthorized test flight, pushing it to reach a speed of Mach 10, takes the movie to another level of excitement. One might wonder how the aircraft depicted in the scene could have withstood such heat buildup in that situation. What is it made of that makes it so strong and fast? Maybe something like carbon fiber can be used to build such a plane? Carbon fiber-reinforced materials could make fighter jets lighter, stronger, fly faster and its acceleration performance better. Because they are lighter in weight, it means they can carry more missiles than the conventional material-reinforced fighters. Thanks to its heat-resistance, these fighters can withstand the frictional heat generated during the flight because carbon fibers are heat-treated at over 1,000°C. Building planes to fly faster and longer As carbon fibers undergo the tanning process during the course of manufacturing, they show better tensile strength, heat-resistance and durability while weighing only one-fourth that of steel. That is why out of all the new materials applied to jets that epitomize most advanced technologies, carbon fibers stand out the most. When applied to airplanes, carbon fiber helps to improve energy efficiency and reduce fuel consumption which will in turn contribute to sustainability. Korea’s first carbon fiber TANSOME® developed by Hyosung Advanced Materials is a new material of dreams that will help us build a future of light-weight and safety. Space exploration on carbon fiber Carbon fiber has emerged as one of the most promising materials in the aerospace field. After all, aerospace is where the material was first introduced a long time ago with space shuttles and satellites. Carbon fiber is actually a by-product of the space competition between the US and Soviet Union that started off in the wake of the World War II. The two powers in the Cold War era locked horns with each other to develop carbon fibers. Since then, the material has long been applied in various industry for the development of jets nowadays often using carbon fiber alongside aluminum and titanium. Fly lighter on carbon fiber Carbon fiber is particularly widely applied in the aerospace industry. Aircrafts made of carbon-fiber composite airframes boast more durability and lighter in weight which means better energy efficiency, less fuel consumption and larger cargo volume. Boeing and Airbus are using carbon-fiber composite airframes for their B787 and A350 and plan to expand its application. Boeing 787 initially used only 10 percent of its materials made of carbon fiber but now around 50 percent of its materials are carbon fiber-reinforced ones. Its airframes are also made of carbon-fiber composite. In turn, B787 has seen its fuel efficiency improve by 20 percent. Airbus A380 aircraft also uses carbon fiber-reinforced materials for its key parts with 30 percent of its airframes on carbon fiber. In addition, with the US aiming to commercialize the Urban Air Mobility by 2024, urban transport vehicles to ship passengers and freight are also expected to use carbon fiber for lightweight and smaller sized wings of the vehicle. This would reduce fluid resistance. Many multinational companies have their eyes on developing solar-powered drones which can be used in various sectors such as reconnaissance, media broadcasting and meteorology. Carbon fibers are also used in solar drones. Korea’s homegrown space rocket Nuri that successfully reached orbit in 2022 also incorporated carbon fibers. An ultra-high-strength carbon fiber that is 14 times stronger than steel Hyosung Advanced Materials’ TANSOME® is known for its lightweight, tensile strength, thermal expansion, and exceptional durability. It also has excellent corrosion resistance and electrical conductivity while being safe to the human body. By any measure, it is a fiber that features unparall eled strength in the history of humanity. Hyosung Advanced Materials is not complacent. It has continued to further develop carbon fiber and has succeeded in developing an H3065 (T-1000 class) ultra-high-strength carbon fiber with a tensile strength of 6.4 GPa or higher and an elastic modulus of 295 GPa or higher in October 2022. It is 14 times stronger than steel, which is even stronger than the company’s existing TANSOME which is already 10 times the strength of that of steel. A T-1000 class carbon fiber of the same class comes in handy in various fields, such as the latest aircraft fuselages and parts made by Boeing and space launch vehicles including satellites. This is because compared to aluminum which had been widely used in the space launch projectiles, it can withstand loads and boost propulsion while reducing the weight of a projectile as much as possible. We at Hyosung believe our T-1000 class carbon fiber is going to be used more extensively in the future. Hyosung Advanced Materials is also actively engaging in research and development designed to expand the application of the T-1000 class carbon fiber, which we believe will only facilitate the days when it is applied to various aerospace products such as space shuttles and next-generation rockets. Hyosung’s ultra-high-strength carbon fiber reaches closer into space Manufacturers around the world are working hard to make vehicles including airplanes and cars that help us travel faster and safer. This is why it is imperative that the manufactures opt for carbon fibers that help build lighter and stronger body frames to improve fuel and energy efficiency, and reduce greenhouse gas emission. Particularly, carbon fiber is inseparable from the aerospace industry given its features and characteristics. Clearly its application in the industry is only to grow as the industrial technologies advance. After all, the aerospace industry epitomizes advanced technologies and Hyosung Advanced Materials T-1000 class carbon fiber stands ready to play a key role in the area to help the humanity move closer into space. Hyosung Advanced Materials sees a great potential in carbon fiber as a solution to decarbonization that will be a must to protect our planet Earth for our future generations, not to mention convenience and safety it brings to our current life. There are no other materials on earth that are stronger and lighter, and have better tensile strength and durability, and yet eco-friendlier than carbon fiber. Hyosung continues to work on its technology development because we at Hyosung believe it holds the key to a future of better life for us and generations down the road. This irreplaceable new material is going to further advance at the hands of Hyosung Advanced Materials.
Carbon Fiber in Everyday Life (II).
Netflix’s popular series ‘Formula 1: Drive to Survive’ will soon release its fifth season. The documentary-like series has gained traction across the world as soon as it hit the screen. The series gives a behind-the-scenes look at Formula 1 drivers and their teams who are competing for the fastest race speed. Of course, the scenes offer captivating glimpses of the world's most prestigious motor racing competition but what has drawn people to this show must also have to do with a series of supercars it features. Formula 1 racing cars are the epitome of cutting-edge technology and science with all the investments made for one thousandth of a second that literally makes or breaks the outcome of a race on the racing circuit. Various materials are applied in manufacturing the racing cars for the strength and super lightweight. But above all, carbon fiber is one material that you need to pay extra attention to. Carbon fiber with over 92 percent carbon, it is ten times stronger and four times lighter in weight than steel. Hyosung Advanced Materials has developed and has been mass producing Korea’s first carbon fiber brand TANSOME® which has been rapidly gaining traction worldwide. Previously carbon fiber was applied mainly to aeronautical and space areas when it was first developed, but it is now widely used in various areas such as high-pressure tanks for hydrogen and CNG, vessels, wind turbines, construction beams, laptop cases and medical devices. Automobile industry and sports are areas where general consumers would meet carbon fiber in everyday life. Lighter in weight but safer for drivers and passengers In the early 1980s when carbon fiber application was confined to aeronautical and space areas, F1 racing cars started to adopt carbon fiber in their monocoque cell design and this was the very beginning of carbon-fiber race cars. The monocoque is a construction of external skin of racing cars except for tires and frames. Carbon fiber-reinforced monocoque is lighter in weight but is much stronger, which helps to better protect the driver. It works as a shield that protects the driver at the possible moment of collision or crash taking place while the car races at a speed of over 200km. Before carbon fiber was brought in, 20 racing car drivers were killed on the racing circuit over the period of two decades. Upon carbon fiber’s emergence, however, the number drastically declined to 3 over thirty years of time. The number speaks for itself, doesn’t it? That’s not the end of the story. When braking in Formula 1 the discs' temperature can actually reach peaks of over 1,000 degrees centigrade and this is where carbon fiber comes in very handy. Recently, various parts are also increasingly being reinforced with carbon fiber including car platform, muffler, center fascia, bonnet and handle. TANSOME® in luxury cars Luxury cars as well are increasingly adopting carbon fiber. Advanced technology which has not yet been applied to mass-produced vehicles is opted for luxury cars. This is where egos of car makers butt heads against each other. For this reason, we often see a new technology adopted in the F1 almost immediately adopted by luxury cars too. Many familiar luxury car brands are using Hyosung TANSOME® for their structure and intermediate materials like prepreg and drawing. Of course, carbon fiber is not the preserve of F1 or luxury cars. It has been increasingly used in ‘everyday’ cars too. A global automobile brand has adopted carbon fiber-reinforced monocoque cell for two of its passenger vehicles and found around 39% reduction in the vehicle weight compared to the ones with traditional steel panels. Carbon fiber in sports and leisure industry This lighter and stronger material is also welcomed in sports and leisure industry. Fabrics incorporating carbon fiber are lightweight and highly elastic and thus provide comfort and help improve performance. Carbon fiber fabrics naturally come in black twill weave patterns either glossy or matte and these signature patterns of carbon fiber add a high-end and sporty look to sportswear products. In turn, sports wears and products made of carbon fiber offer very practical yet stylish looks thanks to the timeless and trendy color of black and the twill weave patterns. This style has received rave reviews from younger generations who enjoy sports. Carbon fiber to boost up performance Did you know that tennis and surfing, both of which are gaining popularity among Gen Z have a thing or two with carbon fibers as well: tennis rackets and surfing boards are made of carbon fiber? Paddle shafts, bicycles, yachts, snowboards, golf clubs, hockey sticks, and bow guns also have carbon fibers. Take tennis rackets for instance. Carbon fiber tennis rackets are lighter, allowing players to hit the ball faster while also offering a firmer grip. They also come in longer handle length and wider racket width which offer more maneuverability and control. Carbon fiber bikes are much lighter than other material equivalents and they gave the feeling of effortless climbing a steep hill or sharp turns. The superb strength-to-weight ratio can be a key to reducing the speed record. Carbon golf shafts are lighter to cause less resistance and more flexure, resulting in faster and more consistent ball speed. Its unique features like increased levels of tensile strength, water/wind resistance, and thermal conductivity variation against temperature make carbon fiber the best material for water sports as well as winter sports such as skiing and snowboarding that require high-performance equipment. Carbon fiber, now an everyday thing Hyosung concluded a sponsorship agreement with the Korea Bobsleigh and Skeleton Federation that performed pretty well at the 2018 Pyeongchang Winter Olympics for the 2017-2018 season and the 2018-2019 season to provide extensive support including funding and technology. This also included the company’s offering of TANSOME® and aramid fiber for the development of gear and equipment. Once being confined to aerospace or racing cars, carbon fiber has now become almost an everyday thing to be found in areas encompassing automobiles, and sports gear and equipment. With its properties of ultimate tensile strength, lightweight and high modulus property, carbon fiber is gaining more prominence in our everyday life. We have reached a point where we can’t go back to days without carbon fiber in our lives. Hyosung Advanced Materials that has developed Korea’s first carbon fiber and succeeded in commercialization is now growing itself into a global leading player on the back of its production capacity and technological advancement. With its unwavering commitment to expanding carbon fiber’s application in our everyday lives, Hyosung Advanced Materials is to take the life of humanity as a whole to the next level by bringing more comfort, convenience and safety. Please stay tuned for updates on Hyosung Advanced Materials’ progress as we continue to further broaden our carbon fiber horizon.
Carbon Fiber in Everyday Life (I)
Hydrogen cars, golf clubs, smartphones, elevator belts, sneaker soles, satellites, wind power generators, ships, and power cables. These are all products widely used in their respective industries. One might think they are not related to each other. But take a closer look. You will find one common denominator here: They are all made of carbon fiber, a special material with over 92 percent of carbon. One might wonder. “How come these products where the most important requirement should be strength and durability are made of fibers? Wait, that doesn’t sound right.” But once you know more about carbon fiber, you will soon realize that there is no material that is more suitable. The new material that cannot be replaced Carbon fiber is ten times stronger yet 4 times lighter than steel. With its superior properties, carbon fiber has been gaining traction in various industries as a newly emerging material of great promise. Excellent strength and elasticity, high heat-resistance, low thermal expansion, excellent tensile strength and thermal conductivity, and high corrosion resistance. The list goes on and on. Hyosung Advanced Materials succeeded in developing carbon fiber using its proprietary technology in 2011 after embarking on the development in 2008. TANSOME® is the first high-performance carbon fiber developed in South Korea and has been put into mass production since 2013. Last year, Hyosung has taken it to a next level by developing ultra-high-performance carbon fiber. Confined only to special areas? Sometimes people assume that carbon fiber is applied only to advanced technologies for its high-performance. But that is not the case. Carbon fiber is extensively applied to various areas encompassing automobile, sports, space, construction and maritime. It is also playing a key role in areas where sustainability is critical such as hydrogen and renewable energy. The list keeps going and it has started to replace steel and aluminum in areas where lightweight and strength are required for materials. As markets evolve, its application stands only to grow. So what are the areas where we can easily see carbon fiber in everyday life? Carbon fiber in everyday life You will be surprised to know how easily one can bump into carbon fiber in everyday life. It is actually in the body of premium laptops and smartphone cases. Carbon fiber plate embedded in the sole of running shoes works as a spring for better energy return and support and thus can give a performance boost in a race. Carbon fiber has long been used to make golf clubs, fishing rods, premium bikes, and tennis rockets. Carbon fiber is used for the core of electric cables for better power transmission. Carbon fiber-reinforced materials are very transparent to X-rays and pose no harm to the human body and thus have been widely used in various medical products. It is also used to make heating benches and carbon mats for its enhanced thermal conductivity. It can be seen on exterior and interior car design, insulator in solar panels, exterior and interior of commercial airplanes, and satellites. It doesn’t stop there. You will be also surprised to see carbon fiber reinforced materials in frames and masts of vessels and yachts for their lightweight which helps the vessels to save fuels and cost, resulting in contributing to the protection of our planet – not to mention its strength and stability it adds to the vessel in the face of strong winds and currents. A must-have when it comes to pressure tanks Hyosung’s carbon fiber stands strong in many areas but more so when it comes to hydrogen, an industry that’s gaining much traction as the next growth engine. Despite its eco-friendliness and lightweight, hydrogen needs to be compressed to be stored and used due to its low density. That is why hydrogen fuel tanks that store hydrogen gas for storage and transport need to be different from ordinary ones. The tanks as such need to be strong and safe to endure pressure that can easily rise hundreds of times greater than the normal air can withstand. Additionally, the tanks need to be light enough for fuel efficiency and have high tensile strength for safety. The only viable and available material that fits all the aforementioned requirements is carbon fiber. Hydrogen cars are emerging as the best alternative to cars running on fossil fuel that have been blamed for the main source of global warming. Hyosung’s TANSOME® is an indispensable part of the hydrogen car as it is used to make the hydrogen tanks, a critical linkage between hydrogen as an energy source and its storage and transport. Before we realized it, TANSOME® has indeed solidified its position as a key pillar of the hydrogen industry. Wind turbine blades made of carbon fiber Hyosung’s carbon fiber is also used in renewable energy sector. Carbon fiber reinforced materials are used in spar caps, the main load bearing structure of a wind turbine blade to reduce weight of the wind turbine structure and improve power generation efficiency. A turbine with longer blades will be able to capture more of the available wind than shorter blades. As such, carbon fiber that is lighter than and 7 times more elastic than steel is the most optimal material for the blades. Wind blades containing carbon fiber prevent the blades longer than 60 centimeters from bending due to wind. Now longer and lighter wind blades are easy to be made thanks to carbon fiber. Construction reinforcement : stronger and easier to apply Carbon fiber-reinforced concrete beams are increasingly replacing conventional concrete beams as they are much lighter than traditional steel beams and easy to apply in construction which definitely helps to cut down on the construction period. They can also be made much thinner than steel beams, which is also a plus. Carbon fibers are at the moment applied in bridge maintenance panels and construction beams. As they don’t need any welding or assembly on site, and are lighter and easier to transport, carbon fiber reinforced concrete beams greatly contribute to improving efficiency by cutting down on the work hour on site. It is also used for repairing old concrete. The Stuttgart Stadtbahn bridge in Germany is the world's first network arch bridge that hangs entirely on tension elements made of carbon fiber. From a new material of dreams to an everyday thing After emerging as a new material of dreams, carbon fibers have now become almost an everyday element in our lives. With the expanding application, the size of the global market for carbon fiber has been growing accordingly. According to the Fuji Research Institute, the market size of the pan-based carbon fibers mainly produced by Hyosung has reached 85,790 tons as of 2021 and is expected to continue to grow around 10 percent per annum. It is also estimated to reach 327,430 tons of market size globally by 2035. Soon we will live in a world where our everyday lives are going to be surrounded by carbon fiber-based products and a day will not go by without using a product made of carbon fibers. And at the very center of it lies Hyosung Advanced Materials. With its strenuous efforts in research and development, in 2022 Hyosung Advanced Materials has become the third company in the world that unveiled an ultra-high-tensile carbon fiber that is T-1000 class and has tensile strength 4 times greater than existing ones. As such, Hyosung’s technology in carbon fibers is one of the most important driving forces behind the global carbon fiber market. Until the day when no one is surprised to see carbon fiber in their everyday life, we at Hyosung Advanced Materials will continue to work on expanding the application and thus contribute to eco-friendly lifestyle of modern days. From what we see, there are limitless potentials for carbon fibers
A Product of 10 Years of Work, Poketone™
Creating something from nothing requires painstaking efforts. But it is not only writers who have to suffer such pain to create their work. Similarly, creating a new chemical material requires much time and energy. POKETONE™, the world’s first commercialized polyketone is a good example. POKETONE™ is an environmentally friendly polymer that was developed by Hyosung for the first time in the world. It is known as the next-generation material for its superior properties. Its name may sound foreign to many but it has been widely used in our everyday goods such as toys, portion plates, automobile and electronic goods. This globally recognized non-toxic polymer made of carbon dioxide has been captivating companies and brands that prioritize sustainability across the world. Since the invention of nylon, POKETONE™ is the only material that has emerged as the next-generation material. And this is how it was invented. A plastic material of dreams POKETONE™ is the world’s first and only material of its kind, known as the plastic of dreams. Countries known for their highly advanced chemical technology and innovation like the US and Japan had embarked on development of such a material as early as the 1980s but all had failed to reach commercialization. With the commitment to better the life of humanity as a whole through new technologies and materials, Hyosung pursued the R&D of polyketone-related technologies. Hyosung’s management continued to encourage and provide support to its research team to create a new material that did not exist. Hyosung Chemical R&D team strenuously worked on the development while experimenting with different research environments (i.e. varying temperatures and catalysts). It was seemingly an endless journey with no sign of a breakthrough. Since 2004 when the research begun, around 50 billion won of investment has been made over the period of ten years. There was even an interesting incident of when the R&D team tried a superstitious ritual in which food is offered to the spirits of the ancestors to bring good results. This shows just how the entire R&D process had been a long and difficult journey. In November 2013, Hyosung Chemical finally succeeded in developing the new material, polyketone. But after the short-lived joy came another round of painstaking efforts to commercialize this new polymer. It was also followed by a thorough market study to look into applicable areas, usage and customer demand for a rapid commercialization of the new material. All of this has contributed to a successful and stable supply of the new polymer in the engineering plastic market. In 2015, Hyosung’s establishment of the new POKETONE™ production site with an annual capacity of 5 million tons elevated the entire engineering plastic industry to a whole new level of technology and opportunities. Eco-friendly engineering plastic, POKETONE™ POKETONE™ is made of carbon dioxide and olefin (a class of chemicals that include ethylene, propylene) and emits less greenhouse gas in the process of manufacturing. This new polymer exhibits superior properties than existing engineering plastics and has emerged as the next-generation material that will play a key role in the manufacturing parts industry. It is all thanks to its superior properties such as impact resistance, abrasion resistance, chemical resistance, fuel resistance and nontoxicity. The more we produce POKETONE™, the more we use, and thus reduce carbon dioxide. As such, it will serve as the key material toward a more sustainable future. Stronger and safer material applied in our everyday life With its superior abrasion resistance, Hyosung’s polyketone is nontoxic and safe for the human body. It is approved by the European Parliament’s regulations on the substance of very high concern (SVHC) for all of the 224 types as well as secured ‘Free’ status by the US FDA for its VOC (Volatile Organic Compounds) classification on harmful materials such as phthalates and formaldehyde. It is approved for the use of conveyer belt parts for water cooler and food processing, medical device parts, and mold for contact lens manufacturing for its safety. It is even safe for children to use. As children tend to explore with their mouths, toys and suction plates made of Hyosung polyketone are safe to use. Ushering into a future of the next-generation engineering plastic Hyosung POKETONE™ exhibits 2.3 times stronger impact resistance and 30 percent higher chemical resistance than that of nylon. When it comes to abrasion resistance, it is 14 times stronger than that of polyacetal. As such, it has great potentials in eco-friendly vehicles and next-generation industrial materials. Particularly, it will be useful in areas that require special materials such as automobile (i.e. fuel line, exterior/interior materials, electric and electronic parts). The engineering plastic market requires a detail-oriented customization process in order to develop products befitting different customer needs which is not expected for conventional plastic products. This is why the production cycle takes up to a couple of years from product planning to manufacturing. This is where the role of a solution provider comes in handy in order to be able to identify a product’s technical characteristics while understanding demands from engineering resins and customer’s application. Hyosung Chemical understands polyketone better than any other players in the market – not to mention the fact that it developed and commercialized it as the world’s first and only manufacturer to date. As such, the company is best positioned to play the role of a solution provider that offers the technology and product line-ups needed to produce customized products. A green future shaped by POKETONE™ The global engineering plastic market has been growing 7.2 percent per annum from 66.2 billion dollars of 2016 to be expected to reach 132.8 billion dollars by 2026. Global sales volume of polyketone has also been a steep rise from 912 tons of 2016, 8,542 tons of 2020, to more than 200% increase to 18,220 tons of 2021. It exhibits excellent toughness, abrasion resistance, tensile strength and elasticity with superior impact resistance and chemical resistance too. With this excellent properties, polyketone has emerged as the best alternative material to existing engineering plastics. Hyosung POKETONE™ is leading the ever expanding engineering plastic market. With no intention to be complacent, Hyosung Chemical has been putting a lot of thought into how to capture carbon dioxide from power plant emission to produce POKETONE™, in order to enhance the eco-friendliness of production. As such, POKETONE™ is preparing a transition into a greener way of manufacturing by using the pollutant as raw material and recycling resources. In doing so, Hyosung Chemical POKETONE™ is to grow into a global leading brand in the engineering plastic market in the world.
TANSOME®, a Special Fiber That Gets Stronger as It Burns
Would you believe if someone tells you a thread of fabric can lift up a 700kg vehicle? This apparently impossible mission turns into a mission possible when carbon fiber comes into the picture. Carbon fiber is less than 1/5 the weight of steel but is 10 times stronger. It may look no different than ordinary threads of yarn but it surely is not the same. There is reason why this fabric with 92% carbon content is known as the “new material of dreams.” The first carbon fiber developed in Korea and fourth of its kind in the world This is how carbon fiber is manufactured at Hyosung Advanced Materials: It is produced by heat-treating acrylonitrile with pressure to turn it into macromolecule which then is converted into a thread of fabric. This then is oxidized in an oxidation furnace of up to 1,200°C to produce carbon fiber. This whole process is called “tanning processing” which is known for its stringent requirements for a highly sophisticated manufacturing system. A single carbon fiber of 7μm diameter is only one-tenth the diameter of a human hair. However, when combined together in large numbers as many as several thousand, it is reinforced to withstand any pressure. A very thin layer of carbon fiber of 1㎟ cross sectional area in turn can lift up a 700kg vehicle. Committed to technology innovation and the environment, Hyosung Advanced Materials has begun its endeavor of developing carbon fiber since 2008. It has developed Korea’s first high-performance carbon fiber TANSOME® in 2011 to succeed in mass production in 2013. TANSOME® actually is an acronym of two words: “Tanning” and “Something Special” which carries the meaning of creating added values with the very special material in a way that has never been seen before. With promise of limitless potentials Carbon fiber is extensively applied to a wide range of areas. Space, automobile, wind power, high-pressure container, electric wire layers, engineering and construction, other industrial purposes and sports and leisure. With technological advances, more and more sectors require lighter, stronger, more sophisticated composites. There is nothing better that suits this profile than Hyosung’s carbon fiber. Carbon fiber has long been part of the production of space shuttles. Airplane manufacturing makers such as Boeing and Airbus have been increasingly adopting carbon fiber composites in the airplane manufacturing process (e.g., B787 and A380) in order to lower the overall airplane weight and enhance energy efficiency. The automobile industry, especially race cars that require lightweight and high motor fuel efficiency is also no exception. Oil transport pipelines which require chemical and corrosion resistance also use carbon fiber. Frames of yacht and vessels, high-pressure containers such as CNC and hydrogen tanks, bridge panels and beams for civil engineering and construction, and medical equipment. The list goes on. In sports and leisure industry, carbon fiber is extensively used in areas such as golf club, bikes, hockey stick, tennis racket, fishing rod, and snowboard. Cable core made of carbon fiber exhibits greater elasticity and strength than that of steel core, rendering a wider row spacing of transmission towers to save up costs. The indispensable part of hydrogen value chain That’s not the end of the story. Carbon fiber shines the most in hydrogen industry. Having recognized limitless potentials of hydrogen, Hyosung has actively engaged in related industries. The company is running the largest number of hydrogen filling stations in Korea while providing core parts in high-temperature tanks for safe storage and transportation of hydrogen. It has also been leading the distribution of green hydrogen produced using renewable electricity such as wind and solar power. Hyosung is building the world's largest liquid hydrogen plant for storage and utilization of green hydrogen. It is also developing coal and carbon capture and utilization (CCCU) technologies which will be critical in the production of blue hydrogen. The indispensable part of Hyosung’s hydrogen value chain is TANSOME®. Liquefied hydrogen in filling stations that are the key infrastructure of hydrogen mobility is compressed in high pressure for the sake of easier transport and storage. It requires high-strength tanks and this is where TANSOME® comes in handy. High-pressure tanks and containers made of TANSOME® are significantly lighter than existing materials, boosting fuel efficiency and reducing greenhouse gas emission. Hyosung, committed to both of hydrogen and carbon fiber With its proprietary technology of carbon fiber, Hyosung Advanced Materials has committed itself to sustainability. It plans to gradually expand its TANSOME® production capacity to 9,000 tons/year by 2023 and the world’s largest capacity of 24,000 tons/year by 2028. Hyosung is also to build a carbon industry cluster and further expand the adoption of the eco-friendly carbon fiber. A future where we can meet carbon fiber in everyday life seems not far away.
Waste Fishing Nets, the Troublemaker of the Ocean, Turns into Raw Materials
Deep under the ocean, there lives the adorable Nemo, in colorful coral reefs. Unfortunately, however, we may never be able to see Nemo again, forever. Nemo, a clownfish, was listed as one of the ten species at high risk of extinction by the International Union for Conservation of Nature in 2009. This is because coral reefs, the habitat of clownfish, are being destroyed. Waste fishing nets are the main culprit of coral reef destruction. Last June, 800kg of abandoned fishing nets covering the coral reefs were removed in the Gulf of Thailand. The coral reefs were bleached and broken by the ghost nets and marine creatures living in coral reefs, such as sea anemones and sea urchins, were also smashed and entangled in the nets. Globally, around 64 tons of fishing nets end up being abandoned in the ocean annually. But what if we could use such discarded nets to make our everyday apparel and bags? This could actually happen in the near future. Hyosung TNC is the world’s first to produce regen® ocean nylon, recycled from waste fishing nets. The Creation of Exceptional, Recycled Yarn When waste fishing nets are exposed to sea water and UV rays for a long period of time, they contain vast amounts of salt and impurities. Recycling such nets into high-quality yarn requires complex processing procedures. More human resources and time are needed compared to making regular non-recycled nylon yarn. And what’s more, there was no such thing as yarn made of wasted fishing nets when Hyosung TNC concentrated on developing it. There was lower demand for eco-friendly products, as consumers and corporates in general were less environmentally conscious at the time. It was unclear whether Hyosung TNC could generate profit even if the recycled product development was successful. Hyosung TNC, however, has chosen the path of protecting the environment so that the future generation could live in a safe, clean and sustainable world, rather than focusing on profitability. Hyosung TNC, as the first mover, started by building a value chain for a stable supply of waste fishing nets. Hyosung TNC went through challenging times from the very beginning, with difficulties securing waste fishing nets. Only fishing nets made of nylon can be recycled, but most of what we acquired was polypropylene or polyester mixed, making it difficult to separate nylon from other. Even in times of frustration, the project leaders in the company traveled all the way to the opposite side of the world in order to find a supplier, with unwavering determination to secure usable nylon fishing nets. Yet, the samples received from the supplier were made of polyester, which could not be recycled. Despite the challenges, Hyosung TNC was not let down. After securing countless numbers of discarded fishing nets from all around the world, they were analyzed and conducted thorough quality inspections. With its continuous R&D efforts, Hyosung TNC finally launched regen® ocean nylon, world’s first nylon yarn made of waste fishing nets. Since its launch, regen® ocean nylon has garnered a lot of attention from many environmentally conscious brands. A number of brands that were conducting research on responsible production and the use of eco-friendly material did not hesitate to seek regen® ocean nylon. In particular, global outdoor brands from the US and Europe partnered with Hyosung TNC to manufacture eco-friendly climbing jackets, pants and bags using our regen® ocean nylon. The Remarkable Transformation of Troublesome Waste Fishing Nets Let’s find out about how rough, diverse fishing nets are reborn as regen® ocean nylon. First, waste fishing nets are unfolded and cut into small pieces to remove impurities. The pieces are put in water and rotated so that impurities floating in the water can be removed. This is the purification process of sorting ropes, nets, and leads by their relative densities and eliminating impurities like anchovies, shrimps, and salt that are stuck to the net. The fishing nets that have gone through the first round of purification are then dissolved and passed through a catalytic filter for the second round of purification. The dissolved fishing nets turn into a transparent liquid. It is then re-purified, using ultrasonic equipment to remove any residual impurities. The liquefied fishing nets, after three rounds of purification, go through a de-polymerization process of breaking polymeric bonds to recover caprolactam, a basic building block for nylon. The caprolactam is then re-polymerized, converted into nylon 6 and spun into regen® ocean nylon yarn, which are used to manufacture apparel and bags by brands that seek sustainable solutions for the environment. Hyosung TNC – Faster than Others, Distinct from Others Nylon 6, the typical non-recycled type of nylon, is produced by using caprolactam, which is made of high-purity, petroleum benzene. And vast amounts of carbon are released when refining crude oil to produce benzene. In contrast, regen® ocean nylon does not require such a refining process and is produced from recycled waste fishing nets, making it eco-friendly. The process of recycling fishing nets into nylon is very complicated and requires advanced technologies. Hyosung TNC was preemptively aware of the need to make its business sustainable and eco-friendly, and was the first mover to begin producing nylon from recycled fishing nets. It has been offering recycled, high-quality nylon with its 15 years of know-how and technological capabilities. Hyosung TNC also offers recycled fiber other than regen® ocean nylon. There is also regen® polyester and regen® ocean polyester made from recycled PET bottles and regen® spandex made from 100% reclaimed waste. There will be more to come. Hyosung TNC will continue to take the lead in producing and supplying eco-friendlier products. Our everyday lives become more sustainable when we have more regen® products available around us. We hope that regen® will contribute to making our lifestyles more convenient and sustainable. Perhaps we have already been contributing to saving the environment through regen®-incorporated apparel. Hyosung TNC will continue to take the lead in creating a sustainable environment by filling our surroundings with eco-friendly products, until our everyday lives become sustainable.
Where the Smart Grid Technology Stands Today
Let’s check what we know about ‘smart grid’ Now one might have heard of “Smart Grid” which is known as the next-generation power grid that will help us address global warming issues by cutting down on greenhouse gas emissions. One might also wonder then how exactly the smart grid system can help us address climate change. To understand the smart grid, one needs to under stand what it stands for. The smart grid is literally about getting smart about our electricity power grid. By applying ICT technologies to the existing power grid, we create a two-way system where power suppliers and users trade electricity production and consumption in real time so that there is no waste of power energy. Our life quality can be lifted too with the smart grid Smart grids enable a two-way flow of energy which makes it possible for households to sell backup electricity to production facilities and also enjoy dynamic pricings based on real-time demand. Thus, one can see when the electricity usage is likely to peak and then avoid the peak hours to cut down on electricity bills. Existing power grids have been flowing only one way from power generation to consumption and in turn are designed to produce extra 15% backup power of expected demand. This system creates certain amounts of power waste and thus leads to lower energy efficiency. With smart grids, however, one should be able to reduce unnecessary usage of fossil fuel for power generation, which in turn cuts down on carbon emissions to contribute to saving the planet Earth. On top of this, by using renewable energy sources such as wind and solar power, areas or regions that have not been part of the existing electricity grid would be able to get sufficient power supply. As such, smart grids are truly a forward-looking power distribution network that maximize and optimize high-quality electricity services and energy efficiency. There is a company that has been leading the world by example when it comes to the smart grid: Hyosung Heavy Industries has been trailblazing the path for a future with the smart grid with its ESS solution. ESS, a gigantic battery that saves electricity for future use An ESS (Energy Storage System) is a set of methods and technologies used to store energy when energy demand is low for future usage and known as one of the most promising systems under the smart grid. Energy consumption usually peaks in summer and winter, and also in the afternoon during the day. The system saves energy produced using renewable energy sources during the day and stores in the ESS, and then taps into the stored energy during the night times. In a way, it is similar to a mega sized battery which saves up energy while it can and then taps into them whenever needed. The ESS is categorized into Power Conditioning System (PCS), Power Management System (PMS) and Battery and Battery Management System (BMS). Below are snapshots of what they are. ■ PCS: This system is responsible for converting the power from AC to DC and vice versa. When it’s converted from AC to DC, electricity power is stored in the battery while the saved power is distributed when the conversion takes place from DC to AC. ■ PMS: PMS identifies data and information received from the PCS or battery to monitor and control the overall ESS status. ■ Battery: It stores electricity in the form of direct current or works as an output unit. ■ BMS: This system measures currents, voltage and temperature to control recharging and discharging of electric currents. Hyosung Heavy Industries’ ESS solution offers ES PCS with high efficiency and reliability, PMS with various applications and Battery with optimal storage and capacity, meeting global standards. Hyosung offers various ESS solutions connected with renewable energy source, frequency regulation, peak reduction and independent microgrids to meet different customer needs. In addition, it provides customized ESS consulting services alongside a one-stop service that brings together all and everything when it comes to the ESS solutions – from system building to post-management. Hyosung Heavy Industries’ ESS is expanding globally Hyosung Heavy Industries first entered the ESS industry back in 2009 as part a government project. But ever since then, the company has taken great strides. Hyosung has provided ESS solutions worth 250kW/500kWh to Guri Agriculture and Fisheries Corporate in 2012, 4MW/8MWh to Chocheon in Jeju in 2013, 500kW/300kWh to Hong Kong Electric and 900kW/20MWh to Mozambique Africa in 2014, 2MW/3MWh to Gapa Island in Jeju in 2016, and recently 6MW/18MWh to Pyeongchang Wind Power. A series of such stellar track records are testaments to Hyosung Heavy Industries’ outstanding energy solution and ESS management capacity home and abroad. Hyosung’s ESS in Britain As a total energy solution leader in the global market, Hyosung Heavy Industries has been actively engaging markets when it comes to ESS projects. It secured an ESS contract with Downing, one of Britain’s largest investment and asset managers, to provide a 50MW ESS capacity to South Hampton in the UK. With the deal, Hyosung Heavy Industries is to offer a one-stop ESS solution for the southern part of the UK to be responsible for overall ESS system design, establishment and post-management of up to 10 years. Hyosung to usher in an era of smart grids Once the smart grid system is fully embedded in our daily life, it surely will have a positive ripple effect on our life and environment. Energy efficiency will improve as we will be able to distribute energy consumption throughout the day and regardless of seasons. All the while, energy consumers will come forth to cut down on energy consumption under the differential pricing scheme applied for different times and days. We should be able to save up energy as there will be no need of backup power to be stashed away for contingency. Not only that, a stable power supply means more opportunities for renewable energy sources to be tapped into. Hyosung Heavy Industries is leading global efforts to bring in such changes. The company is also taking part in the Jeju Smart Grid Demonstration Project initiated by the Korean government to test related products and develop new business models. As such, Hyosung Heavy Industries has been working hard to bring the smart grid one step closer to the public who are not yet accustomed to the concept. With its continued efforts to boost its renewable businesses and win big deals overseas, Hyosung Heavy Industries is investing where its low-carbon green values are and growing as the global smart-grid leader.
As Small as They Might Be, Plastic Chips Are Not Only Essentials to Our Daily Life But Also to Buil
“Every morning, I wake up to make a cup of coffee and a piece of toast for myself. With a functional T-shirt on, I would drive to work. After work, I get home to drink a cup of water from the water purifier and get a quick dinner from a retort pouch. Then I search my phone to get my nephew a toy while TV is on. Over the weekend, I would go for a bike ride with my helmet on and get a hot shower afterwards to release the stress and tension.” This may be similar to your everyday life. But do you notice the one thing that underlies and connects every movement here? Chips. Not the potato chips we munch on but plastic chips that are used as materials for manufacturing daily products. Excessive use of them could threaten our environment but in fact they are essential to our daily life. Plastic chips are extensively applied in our everyday products thanks to materials such as Polypropylene (PP) and Engineering Plastic (ENPLA) that are highly functional without emitting environmental hormone. Let’s take a look at a bigger and more convenient world built on plastic chips led by the global chemical name Hyosung. Hyosung, global innovator and leader in the future chemical industry, has developed and produced a variety of materials such as PP, and nylon and polyketone ENPLA. Engineering Plastic, the plastic beyond plastic Engineering Plastic or ENPLA is a type of high-performance plastic that can even serve as an alternative to metal and ceramic. They are known for excellent yield strength, resilience and heat resistance of up to over 100 degrees. Unlike conventional plastics, ENPLA is custom manufactured to cater to the various needs of global customers across different industries. It has excellent mechanical strength, chemical resistance, weather resistance, thermal resistance, fire retardant, and insulation resistance and has been applied to industrial products such as automobiles, electronic parts and goods, and architecture. Thanks to the superb properties and machinability, the ENPLA market has been growing around the world. It reached $66.2billion in 2016, and is continuing to grow, estimated to reach the market size of $132.8billion by 2026. Hyosung’s ENPLA products are polyketone, the world’s first and only material developed by Hyosung Chemical, and nylon chips. Three key plastic chips offered by Hyosung ENPLA besides, Hyosung offers various plastic products that are widely used through our daily life. To name a few, there are three types of plastic chips Hyosung offers. ENPLA Polyketone, the world’s first and only commercial plastic chip of its kind, nylon chips that boast the world’s best quality and technology, and polypropylene chips that are extensively applied in our daily life. 1) Hyosung’s Polypropylene (PP) Hyosung Chemical’s polypropylene (PP) is the output of the company’s high-molecule polymerization technology and various catalyst application skills. It is applied not only in everyday goods such as helmets, car seats and furniture but also in various applications including different packaging materials (i.e. automobile manufacturing and food), textiles for clothing and diapers, and medical devices (i.e. syringe and fluid packages). Manufactured through the combined process of HYPOL method and UNIPOL method, the polyprolylene comes in various forms such as Homo-polymer, Block co-polymer, and Random co-polymer. It is applied to numerous sectors for general use while some are specially designed for high temperature and thermal resistance, high stiffness, high impact resistance and transparency to meet the different needs of global customers. Especially, the R200P is a global leading polypropylene brand specially developed for hot and cold water supply pipes and fittings as well as radiator connecting pipes. This material is also well known for the high quality when it comes to retort films and protective films. Other products incorporating the PP have received excellent reviews from customers for their excellent machining characteristics and properties. To secure a stable supply of the main material for polypropylene production, Hyosung Chemical obtains high-purity propylene from the propane dehydrogenation (DH) process where it has adapted cutting-edge manufacturing technology. With this Hyosung Chemical has successfully established vertical integration of its supply chain from raw materials to the finished products. 2) POKETONE™ POKETONE™ is Hyosung’ Chemical’s brand name for the world's first commercialized polyketone, a non-toxic and biocompatible polymer that is FDA (Food and Drugs Administration) and NSF (National Science Foundation) approved. It exhibits outstanding chemical resistance, toughness and abrasion resistance. It is made of CO2, one of the key air pollutants and olefins which is a raw material for petroleum. It emits less CO2 during the manufacturing process, thus cutting down on carbon footprint. Its application includes automobile parts, water meters, water purifier parts, conveyers, toys, medical parts and pipes. Thanks to Hyosung’s continued efforts in R&D, its application has been expanding to high-tech industries such as films and airplane parts. This eco-friendly and safe polymer material has been increasingly adopted in the toy industry for its safety and flexible properties. Thanks to its non-toxic characteristics, it also has been applied in products that are related to water and food such as water purifiers. 3) Nylon chips Nylon chips are widely used for general industrial use as well as for nylon yarns for clothing. Hyosung TNC is a global leader in nylon yarn manufacturing with over 50 years of track records in supplying the top quality and high performance nylon yarns to various customers around the world. Hyosung’s nylon chips are extensively used in various areas such as automobile parts, electric and electronic devices, cable ties, various films and fishing nets. More recently, it has been adopted in hydrogen storage and transport container liners that require high resistance to pressure. Hyosung TNC has been actively engaging with customers at home and abroad to develop hydrogen tank liners built with its nylon chips. With plastics increasingly being held responsible for environmental degradation, Hyosung TNC has put a lot of efforts into developing products and techniques to recycle waste. Hyosung’s world-first fishing net recycled nylon yarn, the regen® Ocean Nylon, is not only eco-friendly but also offers the same quality to that of conventional nylon yarn. Hyosung TNC has conducted a life cycle assessment on nylon chips as part of its efforts to protect the environment. To offer various high-performance chips to help humanity Hyosung is the only Korean name that develops and sells both high-quality PP and nylon chips. By engaging in theR&D and sales of both products, it has created unparalleled synergy effects in the two materials. On top of it, Hyosung has also developed the world’s first polyketone material, emerging as the world’s largest supplier of varying plastic materials, offering more options to customers. Hyosung Chemical and Hyosung TNC have participated in the world’s largest plastic exhibition, ‘K-Fair 2022’ held in Düsseldorf Germany in October ’22 to showcase their PP, nylon chips and polyketone. Hyosung has been striving to work together with other players by offering multiple options and catered solutions to global customers. Hyosung is committed to growing into a global plastic chip leader that offers high-quality customized chips to meet various needs of customers, by continuing its R&D efforts and maintaining agility in the ever-changing global market. Hyosung will continue to strive to usher in a new era of plastic materials.
Hyosung Advanced Materials’ Secrets to Success Unveiled
There are various types of cars out there. Passenger vehicles, trucks, buses, and gasoline/electric vehicles as well as hybrid electric vehicles, just to name a few. One in two of these vehicles on the road today share one thing in common. That is, they use tire reinforcements manufactured by Hyosung Advanced Materials. The Global No.1 tire reinforcement name Hyosung Advanced Materials is the indisputable number one name in the world of tire reinforcements. Nearly half of the passenger vehicles around the world are using Hyosung’s tire reinforcements. In addition, the company accounts for over 50% of the global market share when it comes to polyester tire cords, the most widely used tire reinforcement material in the world. What is behind Hyosung’s success story? Tire reinforcements are made of textile and steel and are responsible for the performance, safety and durability of tires. Since its corporate inception in 1996 when Tongyang Nylon was established, Hyosung has had its eyes on tirecords as the company’s growth engine and strenuously worked on developing high-quality, safe tirecords. Thanks to such efforts, it succeeded in manufacturing Korea’s first ever home-grown nylon cords in just two years of its inception in 1968. Since then it has continued to grow into a global name and 10 years later in 1978 Hyosung has finally succeeded in developing polyester cords for tires. Building on its textile and steel tirecords, Hyosung has emerged as a leading player in the tirecord market. It expanded its portfolio in 1987 to include steel cord and bead wire to stand strong as an extensive tire reinforcement maker that offers almost all of key reinforcement materials. Recipe for success Hyosung Advanced Materials is one of the world’s largest tire reinforcement maker with batch production system. Let’s take a look at what the secrets are behind Hyosung’s success story. First, a systemic and thorough manufacturing and quality control system. Hyosung produces tirecord through the process of spinning, cabling, weaving and dipping in a thorough and systemic manner. In so doing, Hyosung makes sure each step undergoes a thorough quality control of only letting materials with over A grade pass and move to the next level of manufacturing. Only materials that pass this stringent quality control system can be qualified for the final step of being customized for different customers. Second, globally located manufacturing plants. This global network of manufacturing plants established in strategic locations works as a hub that identifies and adapts to changing trends and demand in order to offer the right products in a timely and stable manner. Hyosung Advanced Materials’ manufacturing plant in Vietnam especially is known as the world’s largest and the only plant with integrated portfolio covering all key reinforcement materials such as tirecord, steel cord and bead wire. Upgraded next generation tire reinforcements Thirdly, its technology and eco-friendly manufacturing focus. Hyosung has been pioneering high-strength tirecord as part of its efforts to improve fuel economy by developing lightweight and high-strength materials. As such, it offers eco-friendly premium products including high-strength tirecord with lighter and thinner yet stronger cord materials with eyes on the transition to green mobility built on electric or hydrogen vehicles. It has released high-strength tirecords with intensity of 10-20% higher than regular tirecords to lower cord thickness and thus to cut down on rubber usage. Building further on this, Hyosung has also completed the development of ‘UT’ or ‘Ultra Tensile Strength’ technology. Even reinforcements can be greener The innovation story does not stop there. Hyosung Advanced Materials has also been working on the development of materials that can contribute to reducing greenhouse gas and energy consumption. Hyosung produces polyester tirecord recycled from waste PET bottles, bio-polyester tirecord on plant-derived materials, lyocell tirecord made from cellulose derived from woods that has cut down on greenhouse gas emission significantly from existing nylon tirecords. Hyosung Advanced Materials also uses steel scraps generated as by-products during the process of steel product manufacturing for its bead wire and steel cord. By cutting down on steel waste and ultimately leading to lowering the need for steel production, Hyosung is contributing to energy conservation and greenhouse gas reduction. Hyosung has been working on commercialization of its proprietary tirecord heat treatment ‘Dip Recipe’ designed to improve heat-resistance of tires at the last leg of the manufacturing process. Many continuous green innovation R&D are also in progress. Your trusted everyday partner on the road Tires are essential for not only the performance of your car but also your safety. As such, it is critical that tire materials are produced by a credible and trusted name. Hyosung Advanced Materials has been leading the global tire reinforcement market with its continued R&D efforts and unparalleled, eco-friendly products. Tire reinforcements are bones and muscle for tires, which roll on science. Hyosung Advanced Materials makes it safer and all the more dependable.
The Future of Banking and Retail Technology Presented by Hyosung TNS
Through the COVID-19 pandemic, all of us have experienced a dramatic change in the way we go about our daily lives. Growing trends in digital transactions driven by online shopping, as well as an increase in contactless communications such as virtual meetings and remote work are just a few of these changes. This dramatic shift in our lifestyles and behaviors, along with the new ways they will continue to change, requires mention of an important name: Hyosung TNS; a company that sits at the center of next generation financial solutions, retail services, and new age of innovation. A Global ATM Leader Driven by Financial Innovation The title ‘TNS’ is an acronym for ‘Technology and Solution’ which represents our strong commitment to innovations in financial automation. The history of Hyosung TNS goes back to 1979 when the company started off as the PC business department of the greater Hyosung Group. Over the past four decades, Hyosung TNS has expanded to offer a variety of services built on hardware knowhow and our technological edge in software as a means to put user convenience first. For instance, we cannot talk about financial services without mentioning the automatic teller machine (ATM), which has brought widespread convenience to people by saving trips to a bank or by eliminating meetings with a teller to withdraw or deposit money into accounts. Hyosung TNS exports ATMs to over 40 countries around the world which has led it to become the number three ATM supplier globally, alongside a market leader position in several countries such as the US, Russia, and Korea. With its continued efforts in innovative financial solutions, Hyosung TNS strives to expand and do more in the hopes of eventually leading the global market in a variety of financial services. Total Contactless Banking, All at Once! The Hyosung Digital Desk is one of the most innovative financial solutions and is designed to offer contactless banking experiences to customers who visit a bank branch. The Digital Desk is the first of its kind in the world, and allows for a contactless alternative to conventional banking services, all while providing heightened convenience and privacy. It can also be utilized as a next generation bank branch model that allows one-on-one virtual consultation with a teller which supports services such as opening an account, setting up time-deposits, and loan consultations. This solution is helping the world brace for an era where banks are cutting down on the number of branches and the demand for online and mobile banking is growing. The Digital Desk is a so-called ‘phygital’ solution that brings together the strength of both online and offline to offer totally new experiences and reliability. It not only offers innovation to the digitally savvy generations, but is also intuitively designed for older generations who might find it difficult to use online banking services. From a bank’s perspectives, it enables the automation of routine tasks and more efficient manpower management, which in turn allows tellers to invest more of their time engaging with customers on-site and offering customized products and services to them which leads to enhanced customer loyalty. This will facilitate more efficient branch operations and render a win-win proposition for both customers and banks. The Hyosung Digital Desk will act as a milestone for the future of financial solutions offered by banks. Innovative Self-Service Solutions Beyond Banking Building on its track record of providing systems, solutions, hardware, and software products and services since 1979, Hyosung has been trailblazing a new era of innovation by encompassing various retail solutions and data-driven platform businesses to go beyond its traditional financial automation solutions. What will stores look like in the future? Retail solutions provided by Hyosung TNS are offering top notch convenience and efficiency to both customers and store owners alike. An AI Fridge, unmanned ordering kiosks, self-check-out counters, and robot cafes will enable efficient store management to drive sales while improving customer experiences with a seamless purchasing process. The Hyosung AI Fridge is a smart fresh produce market platform that enables a grab & go shopping experience powered by AI technology which allows customers to simply tap their card and grab the products of their choice. This is all possible thanks to Hyosung’s high-tech solutions that come with AI cameras embedded in the fridge that automatically identify and recognize products for the subsequent payment. Have you ever seen Hyosung TNS’ unmanned ordering kiosk? It is a self-ordering system where customers can easily order and pay for products all at once. The air touch screen offers hygienic processes where customers do not have to touch the device to order and pay. It also enables more efficient store management and space reduction as it requires less on-site staff. A self-check-out machine saves a lot of time for customers by reducing the time spent standing in line just to pay. By simply swiping bar codes, customers can more quickly and easily pay. It also offers a variety of ordering options to meet different customer needs. Hyosung TNS is also leading innovation in the retail industry with its robot cafes where the autonomous device receives beverage orders via an app or kiosk and then prepares them. In addition, Hyosung also offers POS solutions that enable advanced and sophisticated store management services. This is not the end of the story. Hyosung TNS is set to launch a data platform business to go beyond its traditional businesses of ATM and retail services. This platform will launch by the end of 2022 and will act as a portal where one can easily search for NFT related information and content. Hyosung TNS has built up the capability for software production and extensive data network operation and management through its years in the ATM business. Based on this, it has been pursuing a data platform business for the sake of future innovation and now is poised to launch this NFT portal, which will later likely be followed by ventures in the metaverse and virtual currency. In the Not So Distant Future How do you like the blueprint of future financial and retail services that Hyosung TNS has laid out for us? Actually, these services are not a far-fetched imagination, but something we should be able to see and use in the very near future since Hyosung has already completed the development phase of these products. Hyosung TNS has been exploring various technological advances for a better financial and retail future by providing customers with a wider variety of more colorful and enjoyable experiences. In doing so, Hyosung TNS would like to offer some inspiration to customers with the aim to grow into a global technology leader that “builds totally different and new experiences for all humanity.” Indeed, Hyosung TNS is ready to usher customers into a new era of banking and retail technology.
Hyosung TNC Has All the Plans Laid Out When It Comes to Saving Our Planet
Can you imagine a life where all clothes are made only of cotton or wool, where there is no functional fabrics available for sports wears (e.g., swimsuits made of stretchy spandex fabric and running suits that absorb sweat)? Hyosung TNC has continued to innovate the textile industry with a variety of products, including the world’s No. 1 market share spandex name creora® spandex as well as nylon and polyester, all of which have contributed to improving everyday lifestyle by brining comfort, convenience and ease. If textiles were the main driving force behind the second Industrial Revolution, eco-friendly textiles will be driving the Fourth Industrial Revolution. Leading the textile industry with an aim to enhance the quality of life, Hyosung TNC began its development journey of sustainable, green fiber 20 years ago. The company has long put a lot of thought into operate its production lines sustainably to co-exist and protect our planet Earth. The company manages all of its production sites in line with the ISO 14001, the international standard for environmental management system in order to monitor and control greenhouse gas emission and energy consumption. Fiber it produces are made of eco-friendly materials or recycled consumer waste. Envisioning a virtuous cycle of sustainability, Hyosung is taking the lead in green textile industry. Here are some snapshots. Saving the planet Earth begins with eco-friendly manufacturing Hyosung TNC actively pursues the use of renewable energy sources in a bid to reduce greenhouse gas emission by recycling at its production sites. Hyosung uses the waste heat supplied by neighboring municipal landfill incineration facilities, and biogas produced in its factories are used as an energy source for the boilers located in the production sites. Using such waste resources as energy source aims to contribute to sustainability and thus benefit everyone involved. Waste energy sellers can monetize energy sources that could be otherwise disposed while the buyers can purchase this recycled energy at more affordable and rational prices. Isn’t it amazing to see that greenhouse gas, a threat to our environment, can be recycled to help cut down on carbon emission? A global leader in eco-friendly textile, Hyosung TNC Hyosung TNC produces eco-friendly textiles made from sustainable fiber. regen® spandex, the first 100% recycled spandex, and creora® bio-based spandex, the world’s first spandex made from industrial field corn, are made from reclaimed waste and bio-based raw materials, respectively. In particular, creora® bio-based is considered an enormous success. Corn fiber has already been extensively applied to areas such as packaging paper, cosmetics and liquid detergent. Due to technological limitations, however, it could not be applied to high performance textiles which require stretch, flexibility and resilience. Despite much doubts and questions, Hyosung TNC set out to develop high-stretch corn-based spandex fiber, continuing to invest in its R&D for over two years. Based on its technological edge and know-how as the global No.1 spandex name, Hyosung TNC became the world’s first company to commercialize a high-performance spandex made of plant-based materials. Hyosung also developed fiber made of reclaimed waste. Good examples are regen® ocean nylon made of recycled fishing nets and 100% recycled polyester yarn from post-consumer PET bottles. regen® ocean nylon is made from post-consumer recycled (PCR) nylon, first developed by Hyosung in 2007. PCR products refer to material made from consumer waste. regen® ocean nylon is made from recycled waste fishing nets that are collected from the ocean and cleaned for special proprietary processing. regen® polyester is made from discarded PET bottles. These PCR products help reduce waste that are thrown away indiscriminately. They also help Hyosung TNC reduce its carbon footprint during the manufacturing stage. regen® polyester and creora® regen respectively has 60% and 66.8% of carbon reduction impact. Hyosung TNC continues to invest in research and development in sustainable textiles. Eco-friendly management begins at work Member of the company also try to play their part. Hyosung TNC employees are using tumblers and cups at work under the campaign “No disposable items at work’ while the company pays for the reusable personal cups. Hyosung TNC has launched regen® Seoul and regen® Jeju, 100% recycled polyester made from discarded PET bottles from Seoul and Jeju Island. These eco-friendly fiber were made into jerseys, jackets and pants in collaboration with global apparel brands. Hyosung TNC also has turned the recycled plastic bottles collected within the company into eco-friendly bags made from regen® polyester which later were given to the employees as gift. Its employees and management have also launched ‘plogging’ campaigns to join hands to jog and pick up trash while supporting NGOs working on collecting ocean-bound waste. Play by examples in ESG management As such, Hyosung TNC seeks to reflect its Green Management Vision 2030 in everything it does as part of its efforts to fight the climate change. It tries to cut down on greenhouse gas emissions as much as possible during the manufacturing process while continuing to invest in R&D to develop sustainable products such as functional fiber, material made from industrial waste and PCR fiber. It has also been actively engaging in various environmental campaigns as part of its corporate culture. With its long-held vision of co-existing in harmony with nature, Hyosung TNC will continue to strive to build trust as an eco-friendly global brand with customers, vendors and consumers around the world. As a global textile name, it will also continue to lead by examples in ESG and green management.
Would You Drive a Car Without an Airbag?
A Russia's state-owned car company released a vehicle with no airbags in June. It comes with a surprisingly affordable price tag. But let’s take a moment here. Is it really safe to drive a car that comes without airbags? Just because you don’t see it, doesn’t mean it’s not important Hyosung Advanced Materials is the leading and the only global name responsible for the whole value chain of airbags from fabric to cushion manufacturing. Tucked in hidden corners of vehicles, Hyosung’s airbags always stand ready to protect the life of passengers across the world. However, sometimes one could overlook the importance of something, just because it is not visible to the eye. Various airbags are installed in an automobile which are scientifically designed to protect different parts of our body. Especially, the one positioned in the driver’s seat alongside the seatbelt is to protect the driver. Seat belts prevent your body from collision with the steering wheel but it is not designed to protect your head. That’s where airbags come into play. The one positioned in the steering wheel protect the neck and head, reducing the possibility of cranial nerves and traumatic spinal cord injuries in an accident. A journey to the global No.1 name When we think of an airbag, we might imagine an airbag that is fully inflated. Airbags are directly related to our lives so they need to be manufactured with precise laser technology and specifications. When airbags detect an accident, they are inflated within 0.03 – 0.05 seconds. Airbag fabrics are thus required to withstand rapid expansion pressure. As airbags are directly related to safety, they require utmost quality and high standards. They require endurance to high temperatures as the inflation process is triggered by gunpowder explosion. They also need to absorb shocks extremely well. Not only that, they need to sustain various temperatures and humidity as they are tucked away in vehicles. Hyosung Advanced Materials has developed a fabric material called nylon 66 for the first time in Korea in order to meet such requirements. The company also succeeded in developing polyester fabric for airbags to meet the demand from global customers. Hyosung is the only company in the world that supplies both nylon 66 and polyester fabrics. Back in 2011, Hyosung acquired the number 1 airbag fabric manufacturer Global Safety Textiles (GST) to become the only company that achieves vertical integration of the whole manufacturing process from fabrics to cushion. GST’s one-piece woven (OPW) airbag has become Hyosung’s main product name. OPW is a product made with special weaving technology that makes it possible to bypass the sewing process. Unlike conventional airbags that shrink soon after the deployment, OPW can maintain the inflated state longer than sewn airbags. It plays a key role in protecting the passengers especially in the event of a vehicle rollover. 3D technology for airbags OPW airbags continue to evolve based on Hyosung Advanced Materials’ technology. Previously woven in a two-layered fabric, OPW airbags have been used as side curtain airbags, but now thanks to Hyosung’s proprietary technology of three-layered fabrics different variations can be made. The three-layered structure can come in various design combinations while also allowing a variety of airbag structures. Moreover, it can occupy a 3D shape that can bend or overarch to offer extra protection to various parts of the passenger’s body. Instead of inflating the whole airbag cushion, bending it to a certain form is more efficient in terms of cost, weight and space. Hyosung is also working on developing ‘omni SAB (Side Airbag)’ technology built on its three-layered OPW airbags. Side airbags protect the passenger’s upper body by deploying like a curtain to the side of a seat. If the ‘omni SAB’ is successfully developed based on the three-layered OPW technology, the protection coverage would be much wider. The innovative three-layered OPW technology has been gaining traction in the automobile industry. It made the finalist for the Automotive News PACEpilot Award in 2021, an award given to innovative automotive products every year. Hope we never need them Hyosung Advanced Materials hopes we will never have to use airbags. But if we do, Hyosung’s airbags built on top of technology and quality are going to save lives. As they are critical in the safety of passengers, Hyosung Advanced Materials puts utmost efforts to provide high-quality airbags manufactured with sophisticated technologies and thorough tests. May the road drop you smoothly to your destination. Enjoy your journey while we take care you.
Hyosung Sends Out a Colorful Message for ESG: Make Your Color!
On a sunny autumn day, Hyosung held the Sevit ESG Color Festival to make our own color for eco-friendliness. Sevit Island of Banpo Hangang Park, a landmark of Seoul, was full of vibrant colors. Let’s find out more. Promoting Eco-Friendly Activities, Make Your Color! Sevit ESG Color Festival was first held in October 2022, with the aim of promoting harmony with the environment through vibrant, eco-friendly activities. Under the slogan of “Make Your Color,” the festival had seven themes with seven different colors and various eco-conscious programs were carried out: participants wore regen® T-shirts, walked around, watched performances and engaged in eco-friendly activities. Anyone interested in living an eco-friendly life attended the festival to experience diverse activities and had a wonderful time. So, let’s explore the vivid scenes of the event. WHITE: Reply to Every Generation’s Future, RE:GEN Hyosung Group vigorously carries out environmental activities with its eco-friendly brand slogan: Re:GEN, Reply to Every Generation’s Future. Hyosung Group, through its ESG brand RE:GEN, is responding to the request from our future generations to keep the Earth that we temporarily borrowed from our children clean and return it to them. The regen® zone delivered stories of Hyosung Group and Hyosung TNC brands: RE:GEN, a brand that represents eco-friendliness and regen®, Hyosung’s eco-friendly recycled fiber brand. In line with the theme “eco-friendliness” of the festival, the booth structure of Hyosung regen® Zone was made of recycled, reusable paper panels. Hyosung TNC conveyed the story of how regen® came to life as a recycled polyester brand that promotes circular economy. Branding stories of regen® Seoul, recycled polyester made from discarded PET bottles in Seoul, and regen® ocean nylon, the nylon fiber recycled from waste fishing nets, were also delivered in the zone. There were also shoes, clothes, ties, and bags made by regen® polyester in the zone for people to see and touch. Visitors were so impressed, saying it’s fascinating that the products are made of used plastic bottles. We encouraged the separate disposal of transparent PET bottles and handed out reusable tarpaulin bags to visitors. Furthermore, diverse activities were prepared for visitors to participate, such as playing basketball with PET bottles, or soccer with plastic bottle caps. regen® Zone was shining brightly with many people making memories full of joy as they visited Han River on this sunny day. TANSOME®, a carbon fiber brand of Hyosung Advanced Materials, also joined the Eco-friendly Brand Zone of the festival. Carbon fiber, stronger but lighter than steel, is a key material in the hydrogen industry, which is a clean energy industry. Various products were presented in the carbon fiber brand zone, from hydrogen fuel tanks, musical instruments, golf clubs, luggage, prosthetic legs, to a heating bench, all made of TANSOME® carbon fiber. You won’t know how much lighter and stronger carbon fiber is until you feel the weight yourself. So, there was a place for the visitors to lift the same volume of steel and carbon fiber and compare the difference in weight. Isn’t it marvelous that merely 2.5kg of carbon fiber can replace 11.7kg of steel, with even better strength? Hyosung Advanced Materials is working on a collaboration project with artists and musicians with TANSOME® as its central theme. The company is also partnering with Meta Galaxia, an NFT platform company. An interesting even was held at the booth regarding the NFT project: using AirDrop to download an NFT of ‘Make Your Color’, the ESG soundtrack recorded by Korea’s legendary rock band, No Brain and instruments made of carbon fiber. So, anyone who visited the booth could keep the NFT soundtrack as a unique virtual asset. YELLOW: Meeting Eco-friendly Brands of Our Everyday Lives, Eco-Friendly Brand Zone How much are you aware of eco-friendly brands that contribute to protecting the environment in our everyday lives? We organized booths in the Eco-Friendly Brand Zone where visitors could meet and experience eco-conscious brands that are with us in our daily lives. TOPTEN, a Korean SPA brand, joined the Eco-Friendly Brand zone. The brand signed an MOU with Hyosung TNC for eco-friendly collaboration, and it showcased various clothing made from sustainable material. Its booth was bustling with visitors through the festival coming to join a balance contest in which people had to complete missions such as jumping rope, Korean Jegi kicking, and hula hooping. Samdasoo, a bottled water brand, also joined the zone. The brand belongs to the Jeju Province Development Co. which also signed an MOU with Hyosung TNC for the regen® Jeju project. An Eco-Boongboong truck was brought to the zone all the way from Jeju Island and many programs, including a true-or-false quiz on carbon neutrality, eco-friendly tattoos, were carried out to convey eco-friendly messages to the visitors. Many other brands also made their presence felt in the zone from Donggubat, which makes eco-friendly products such as soap and shampoo bars with intellectually and developmentally challenged people, Cueclyp, which produces fashion goods using eco-friendly materials, Rewind, which manufactures compostable, biodegradable packaging, Wright Brothers, a secondhand bicycle trading platform, to the Seoul Green Purchase Support Center which works on promoting green activities in our daily lives. These brands offered various activities for everyone to enjoy, such as making organic soap and upcycling keychains, planting byproducts of coffee beans, and playing true-or-false quizzes. BLUE&GREEN: Caring Health and Environment at Once, Sevit regen® Walk, Sevit regen® Plogging Everyone is wearing the same shirt and walking together. So where are they heading to? They are on their way to join the Sevit regen® Walk, and Sevit regen® Plogging to protect both their health and the environment. The eco-friendly t-shirts they were wearing were made of regen® Seoul, Hyosung’s eco-friendly polyester fiber produced by using wasted PET bottles in collaboration with TOPTEN. Participants from both programs joined an environmental cleanup activity on Sevit island by collecting trash. Sevit regen® Plogging was carried out in collaboration with ReDi, an organization for marine environment protection, sponsored by Hyosung TNC. Participants were able to contributing to a cleaner marine environment, preventing waste from making their way into the river and ocean by picking up the waste around the Han River. Citizens had a meaningful time with their family, friends, and loved ones under the clean blue sky, picking up trash with a plogging kit made of regen® of Hyosung TNC. ORANGE: Caring Sustainability of Our Mind and Body, Sevit Han River Yoga Class The health of our mind and body comes first before we care about the health of the Earth. In the Sevit ESG Festival, a Sevit Han River Yoga Class was held to help people care for their minds and bodies and enjoy a relaxing moment in their daily lives. Sunday Namaste, which runs online and offline yoga classes, offered three different yoga programs in the peaceful urban environment, with Sevit island and Han River in the background. Through the three programs, participants were able to gain awareness of their inner circulation, feel a sense of balance and connection to nature, and sustainably build muscles of their mind and body. Overall, it was a time to think about sustainability, and a moment to get away from busy everday lives while looking back on oneself in front of the peaceful Han River. PURPLE: Sevit Music Concert After completing the Sevit regen® Walk, Sevit Plogging, and yoga classes, it is time to dance to music. Let’s look at the Sevit Music Concert that involved exciting performances on the stage of the Sevit island. The concert was in full swing with performances by rock bands like No Brain, Monni and Zitten, exciting EDM DJ performances as well as a wonderful jazz performance by Get All Right. The ESG soundtrack of Hyosung, Make Your Color, was first introduced during the performance by No Brain. Many people who were taking a walk in the park stopped by and enjoyed the music. PINK: Eco-friendly Future doesn’t Happen Overnight, Tree Planting in Hyosung Sharing Forest in Seoul In the World Cup Park in Seoul, there is a forest called Hyosung Sharing Forest in Seoul which Hyosung Group employees have continued to take care of for the last decade. On October 22nd, a follow-up event was held in the forest to plant trees with volunteers who attended the festival. Sevit ESG Color Festival came to a successful end with voluntary practices for making the forest greener. Through the Sevit ESG Festival of Hyosung, the city of Seoul full of gray buildings was shining with vibrant and dynamic colors through the colorful programs that joyfully revealed Hyosung’s earnest wishes for a greener environment. Hyosung is dreaming of and will work toward making our city and the Earth brighter and more colorful. Hyosung will continue to strive to make your everyday life colorful, full of eco-friendly products. [Epilogue] MAKE YOUR COLOR! Shining the Gray City with Our Color Busy Days Passing by, Cities Left with Gray Buildings, Blue Skies Gone Our sky, losing its color, must be a clean blue sky, and our city must be vibrant full of color. Hyosung’s passion for the environment is bearing fruit. It has created recycled materials and explored new energy sources, imbuing the world with vibrant color. Hyosung will continue to dream of and move forward to making our cities and earth brighter with our color. RE:GEN, Reply to Every Generation’s Future
Like BTS, Hyosung’s Homegrown ‘Bulletproof’ Brand ALKEX® to Go Global
BTS, the K-pop icon group that grew into a global pop icon of the century, has topped global music charts including the US Billboard, UK Official Chart, and Japan’s Oricon. The artist has recorded the No.1 in global music sales. BTS which stands for “Bulletproof Boy Scouts” is actually about making a statement: To be resistant to ‘bullets’ of hardships, stereotypes, and pressure the younger generations around the world are suffering. As BTS protects the youth with its music, Hyosung Advanced Materials’ aramid brand, ALKEX® helps assure people’s safety as it is a key material in bulletproof jackets, helmets and vehicles. Hyosung’s aramid brand ALKEX® that ensures everyone’s safety The super fiber aramid is polyamide with over 85% of amide bond (-CONH-) formation, which makes it bullet resistant. It is five times stronger than steel and 19 times more flexible than nylon. Boasting fire-retardant quality and the same tensile strength as that of nylon, it can sustain extremely high temperatures as high as 500°C. Aramid comes in two forms: meta-aramid and para-aramid. Hyosung Advanced Materials produces meta-aramids that account for the majority of the global market. Hyosung has developed aramid yarn back in 2003 based on its proprietary technology and succeeded in commercialization in 2009. ALKEX® is a combined word of an ancient Greek word ‘ALKE’ (the strength that protects you) and the English word ‘X’ representing words like ‘extreme,’ ‘expert’ and ‘extraordinary.’ The name itself represents Hyosung’s commitment to providing high-quality products that go beyond expectations of customers. Hyosung Advanced Materials is a total solution provider, offering various products that cater to a wide range of customer needs based on new technology and know-how from its business lines. The company engages in production and sales of industrial materials ranging from aramids to various tire reinforcement materials to the carbon fiber TANSOME®. A ‘good’ fiber not only stops bullets but also cares for the environment Of course, mankind’s safety and comfort through technology always comes first in everything we do at Hyosung. But we also care for the environment and our next generation. Hyosung runs a pre-chemical treatment facility for wastewater treatment to process up to 2,000 tons of high strength wastewater every day. The wastewater undergoes the pre-treatment process of storage tank, neutralization tank, oxidation tank, reaction tank and sedimentation tank before entering wastewater treatment facility. Aramid in everyday life What are the areas this super fiber is applied to? It is mainly applied in areas designed to protect human and objects such as bulletproof materials, reinforcement materials for vehicles, hose, belts and tires, fiber optic cables and rope reinforcements, and safety gloves. For its outstanding bulletproof functionality, aramid materials are used as core materials for bulletproof jackets, vests, helmets and vehicles. It is no exaggeration to say the history of bulletproof jackets has begun with the development of aramid. As such, its standing in the bulletproof industry is unparalleled. It is also used for anti-blade and anti-spike purposes to protect the body from sharp objects, for example aramid gloves. Being light and fatigue resistant, it shines when applied to mechanical rubber goods, or MRG, which require heat resistance and durability (e.g., reinforcement for tire, hose, belts). Its application is continuing to expand with recent increasing adoption in fiber optic cables, which has been growing in demand due to the expansion of 5G technology. Hyosung aramid going global Hyosung has continued to invest in advanced materials as the company’s future growth engine. As part of such efforts, it has expanded its aramid production facility in 2021 to scale up supply of the fiber. Hyosung Advanced Materials has stepped up its output of aramids from 1,200 tons/year to 3,700 tons/year in a bid to increase its global market share. Hyosung Advanced Materials participated in Milipol Paris 2021, an international defense industry exhibition to showcase ALKEX®’s super stab-resistance and bulletproof functionality as well as lightweight bulletproof jackets and helmets built on newly developed high tenacity yarns. As such, Hyosung has put strenuous efforts to meet the needs of global customers with its unparalleled products to grow into a global leader in aramid material.
Efforts to Curb Temperature Rise Below 1.5 Degrees, the Danger Line for Global Warming
Leaders from across the world gathered in Paris in December 2015. Their nationalities and cultures differed, but they had a single goal in mind: To curb temperature rise caused by global warming. There had been numerous meetings of the Conference of the Parties to the United Nations Framework Convention on Climate Change before this one, but they all had ended without any resolution due to conflicting interests. However, this time was different, because everyone at the table knew what was at stake: the imminent and urgent necessity of addressing climate change. With the Paris agreement adopted, the world is pulling together to curb down the temperature rise to below 1.5 °C. Hyosung as a global citizen is also playing its part. It is envisioning a carbon neutral future by promoting hydrogen, a clean energy source. By 2025, Hyosung plans to secure hydrogen production technologies driven by blue and green hydrogen that emits lower or zero greenhouse gas in a bid to build a clean hydrogen ecosystem. Based on such technologies, development and demonstration of carbon-reduction technologies will be pursued accordingly. By 2030, a total of 1 trillion Won (equivalent to 1 billion USD) will be invested to achieve technological self-sufficiency when it comes to development and utilization of hydrogen energy. This is also expected to help Korea reduce carbon emission by 10%. To this end, key affiliates of Hyosung Group are putting efforts to build the hydrogen value chain of production, storage, distribution, supply and consumption. Why is holding global warming to 1.5 °C such a big deal? 1.5 Degrees, the Danger Line for Global Warming According to the ‘Special Report on Global Warming of 1.5 °C’ released by Intergovernmental Panel on Climate Change (IPCC) in 2018, a 1.5°C global warming above pre-industrial levels will put the humanity as a whole and our home planet Earth in grave danger. Can you imagine the North Pole without ice? A 1.5°C average temperature rise would increase the probability of an iceless summer to every 100 years. A 2°C rise would mean the probability increase to once every ten years. An iceless Arctic Ocean will absorb a larger proportion of sunlight and in turn further accelerate global warming. This will mean higher temperature, more frequent heavy rain and flooding. If an iceless North Pole meets with heavy rain, it will lead to sea level rise to inundation of coastal residential areas. Marine ecosystems will be no exception. Especially, habitat-forming species such as coral reefs compared to their mobile counterparts will take the hardest hit. A 1.5°C rise in temperature could wipe out as much as up to 90% of coral reefs in the world. Without coral reefs, maritime biodiversity will be significantly destroyed which will then affect the world’s fish ecosystem. It is expected the global overall fish catch will decline 150,000 tons per annum. Remember the dire heat waves and droughts that hit around the globe last summer? A 1.5°C rise is estimated to bring such deadly heat waves to 14% of the global population at least once every five years. While we hesitate, the global temperature is fast approaching a 1.5°C rise. If we do not take action now, what was taken for granted will disappear very quickly, and there will only be regrets when the nature and ecosystem are destroyed. Let’s take a look at how Hyosung is partaking in building a carbon-neutral future driven by hydrogen. Hyosung, a Hydrogen Superhero Affiliated companies of Hyosung have been pulling together to commercialize hydrogen to replace fossil fuel, in order to build the hydrogen value chain of production, storage, distribution, supply and consumption. Liquid hydrogen is at the front line of Hyosung’s such efforts. As one of the largest industrial conglomerates in Korea, Hyosung has partnered with a global gas name Linde to jointly build Hyosung Hydrogen and Linde Hydrogen Energy. Linde Hydrogen Energy which will be responsible for production of hydrogen is to build the world’s largest liquid hydrogen facility with an annual capacity of 13,000 tons with an aim to kick off in May 2023. This facility will process enough hydrogen to fuel 100,000 cars. Hyosung Hydrogen will be leading the global expansion and distribution of the hydrogen production with an aim to expand its liquid hydrogen refueling stations up to 30 by the time the facility is built. The main driver of the entire hydrogen businesses pursued at the conglomerate is Hyosung Heavy Industries. Based on its experience of building a nation-wide network of CNG filling stations since 1999, the company has been the leading player in domestic hydrogen refueling stations. As of today, it has built 25 hydrogen gas stations across major cities in the country with 16 more in pipeline. Hyosung Heavy Industries is also a leader in wind power turbine and ESS. Its 50MW capacity ESSs require top notch technology as they are often directly connected to important facilities such as national grid and large-scale factories. Hyosung Heavy Industries supplies ESS to major electricity names from England and South Africa. Hyosung Chemical is responsible for production of hydrogen gas. It sells 12,000 tons of hydrogen gas extracted during the process of propylene, the key material for plastic production. Starting from next year, Hyosung Chemical is to supply liquid hydrogen jointly with Linde. When liquefied, hydrogen gas volume is reduced to 1/800, making storage easier and storage capacity larger. In turn, liquid hydrogen refueling stations require only 30% of the space required for hydrogen gas stations. All in all, supply of this by-product hydrogen with price competitiveness is expected to facilitate a hydrogen economy. Hyosung TNC and Hyosung Advanced Materials supply materials required for hydrogen storage tanks. Nylon for tank liners from Hyosung TNC and carbon fiber for tank structure from Hyosung Advanced Materials are critical for safe hydrogen transportation. Carbon fiber is also used in fuel tanks in hydrogen vehicles. Time to get used to charging, not refueling A future where we fill our cars not with gasoline or diesel but with hydrogen at gas stations is just around the corner. It will not end there. Electricity supplied to homes and buildings will be based on hydrogen, while fossil fuel power stations will be replaced with hydrogen fuel cell power plants. This will significantly cut down emission of air pollutants into the air. Steel mills will also be able to produce steels on carbon-free hydrogen energy. We already have witnessed how changes can bring about positive results amid the pandemic. Border lockdowns led to economy contraction but ironically the pandemic improved our environmental situations. Less vehicle travels and lower industrial production meant lower emission of greenhouse gas, carbon dioxide and air pollutants. According to the World Meteorological Organization, since the pandemic PM2.5 (fine particular matters) have declined as much as 40% in Africa, South Americas and South Asia. Hyosung hopes the clean blue sky we enjoyed during the pandemic is here to stay. In the face of the villain greenhouse gas that is inflicting the world, our superhero Hyosung continues on its fight to prevent global warming from reaching a 1.5 °C rise.
Liquid Hydrogen to Take Renewable Energy to a Whole New Level
The water that makes Earth a majestic blue marble An image of Earth taken from a distance in space resembles a blue marble thanks to water that accounts for 75% of earth’s surface. Water is the most essential element for life on earth which has not been found in any other planets in the solar system. Without water, there is no life on earth and a drop of water holds a renewable energy source that could make or break the future of humanity: Hydrogen. Hydrogen, a green energy source that will replace fossil fuels Many scientists believe ever since humanity started to use fossil fuels greenhouse gas concentration in the atmosphere has increased which in turn has pushed up overall temperature of earth. What can be done for a sustainable future of our planet Earth? Of course, most of all we need to reduce greenhouse gas emissions. Unfortunately, the traditional energy consumption methods that heavily rely on fossil fuels make it challenging to achieve net-zero emissions. That is where hydrogen comes in. The renewable energy source does not emit carbon dioxide when it is put to produce energy. Hyosung has been taking the lead in building an energy ecosystem built on hydrogen. Green energy source, liquid hydrogen Hyosung has long been paying attention to hydrogen as an alternative to fossil fuels. Hydrogen contains three times the energy of gasoline and it is easy to store and transport with ensured safety and convenience, as its raw material is water. When it’s burned it produces no harmful emissions; its only byproducts are nitrogen and water. In a bid to enhance efficiency in hydrogen distribution, Hyosung has been involved in turning gaseous hydrogen into liquid one. Hydrogen stays in the liquid form at a temperature of minus 253 degrees in Celsius which can be easily stored and transported as its volume is just 1/800 that of gaseous hydrogen, and also offers better energy efficacy. Liquid hydrogen refueling stations require less space than that of gaseous ones, saving costs for construction. They also require less operational costs thanks to high-efficient low electricity pumps and also offer higher energy density. Hyosung to expand hydrogen distribution with liquid hydrogen Hyosung is to increase its liquid hydrogen production and distribution. As our economy transitions into hydrogen economy, there will be more hydrogen fuel cell vehicles and commercial hydrogen cars such as hydrogen buses and trucks on the roads. Thus building an efficient liquid hydrogen supply system of storage and transport is a must. Hyosung is to build a liquid hydrogen plant in the near future. To build a world’s largest liquid hydrogen plant Built on its 20-year long technology in gas plants, Hyosung has secured the number one position in hydrogen charging stations in Korea. It has recently joined hands with Linde Group, a global industrial gas name, to build the world’s largest liquid hydrogen factory on a 30,000m2 site in its Ulsan Yongyeon factory with daily capacity of 30 tons. The plant will kick off its operation in May 2023 to start supplying liquid hydrogen from the second half of the year. This plant will produce up to 13,000 tons of liquid hydrogen per year, enough to fuel 100,000 hydrogen vehicles for a year. It aims to increase production capacity to 90 tons/day and 39,000 tons/annum by 2030. Bringing hydrogen close to everyday life Four liquid hydrogen charging stations are currently being built in Geoje, Ulsan, Gyeongsan and Gwangyang with an aim to expand the national network of charging stations up to 30 by the time the plant in Yongyeon is completed in construction. At recharging stations, liquid hydrogen allows much faster refills ― it takes far shorter time for the liquid to be pumped out than for the gas to be compressed. Liquid hydrogen recharging stations require less upfront investment and maintenance costs. At a time of contingency, they can be readily fixed through the national maintenance system. Aims to grow global with its hydrogen roadmap Hyosung has been emerging as a leading player in the global hydrogen industry backed by technology built in Hyosung Heavy Industries and Hyosung Chemical, and experience and knowhow acquired through joint ventures with global names. Hyosung aims to expand hydrogen’s use in transportation is evolving in all areas of mobility spanning passenger vehicles, buses, trucks, heavy machinery, airplanes, drones as well as vessels and submarines. It also plans to build a strong hydrogen value chain of production, storage, transport, supply and consumption with its green and blue hydrogen production. Please stay with Hyosung as it continuously works on its hydrogen roadmap to grow into a world’s leading hydrogen provider.
The Hidden Story Behind Power Transformers: Hyosung’s Commitment to the Environment
It is nearly impossible to imagine a life without electricity, as most people cannot live without electronic devices such as mobile phones, laptops, and refrigerators. What if the power went out on a hot summer day? It will be tough for anyone to survive even a single day. No one would deny that electricity is one of the most essential parts of our lives. But not many people would know the role of the power transformer in bringing this indispensable electricity to our lives. Yes, we know what power plants are. But what are power transformers? Transformers are for transforming electrical power from one voltage to another. They also come in the form of voltage converters we see daily in our homes, such as 110V/220V converters and utility pole transformers. Power transformers in power plants or substations, the ones we do not usually bump into, transform voltages in the hundreds of thousands of volts range. As such, they are very crucial to our lives but, in a way, being taken for granted. Indeed, not many of us appreciate that there is a ‘hidden’ green technology in transformers designed to protect the environment: Insulating oil. Ester filled Transformer The oil in transformers acts as an insulant to prevent arcing between parts of the transformer. Committed to sustainable development and environment protection, Hyosung Heavy Industries has developed ester oil transformers to minimize environmental impact and prevent fires and explosions, which are risks transformers filled with mineral oil often carry. Hyosung has supplied over 180 ester oil transformers to countries in Europe and the Middle East, contributing to environmental protection. This eco-friendly ester oil is less toxic, slower in soil penetration, and faster in biodegradability compared to traditional mineral oil. All of which means a lower risk of fire or explosion. The ester oil transformers can be extensively used, ranging from offshore wind farms and substations to underground substations in cities and renewable power plants without much concern for environmental impact. The fire point of ester oil is above 300°C, much higher than that of mineral oil, ensuring fire resistance. As such, ester oil transformers do not require extra space for installation of fire protection facilities, or allowances of safety distances and thus fewer costs. Additionally, their life cycles are much longer than that of conventional transformers. Hyosung Heavy Industries has signed long-term ester-filled power transformers supply contracts with the British Transmission Operator. The UK is a leading country in insulating oil applications. Furthermore, Hyosung, being widely recognized for its technology and safety, has contracted to supply the eco-friendly transformers in sophisticated markets, including France. Hyosung Heavy Industries, a leader in the transformer market in Korea Hyosung Heavy Industries developed the 154kV transformer for the first time in Korea in 1969 and the 765kV extra-high-voltage transformer in 1992, the sixth of its kind in the world and the first in Korea. As a global leader, Hyosung Heavy Industries supplies a wide range of transformers up to 765kV and 1,500MVA, and with both core form and shell form technology, it offers a wide range of solutions to customers. Going beyond international technical specification requirements Hyosung Heavy Industries designs, manufactures and tests its transformers in line with international technical specifications such as IEC, ANSI, IEEE, NEMA, BS, JIS, and JEC, and Hyosung supplies them to over 85 countries. As a total power solution provider, Hyosung has produced over 6,000 units of power transformers in its Changwon production facility. With its dust-proof clean room facilities, Hyosung’s transformer manufacturing process ensures temperature and humidity control and thus supreme quality control. Its highly trained process operators and technicians conduct additional tests to ensure stable production, an extra layer of process that befits Hyosung’s standing as a leading transformer provider worldwide. Transformers are indispensable for changing voltage in power lines for everyday usage in average households. And behind them lies Hyosung’s technology and commitment to the environment. As such, Hyosung’s dedication to the environment continues behind the scenes.
Don’t Judge a Tire by Its Maker!
The growing semiconductor chip shortage has directly translated into a lack of new vehicles. Customers who are tired of waiting increasingly turn to used cars. When buying a used car, one of the first things one might do is to change tires, as they are easily disposable. Choosing the right tire is critical to safety and drivability. Of course, the tire brand name would be one of the critical criteria in selecting the right tires, but one also needs to look further into what they are made of. Did you know that Hyosung’s technology is embedded in tires indispensable to our daily lives? Embedded in the tire - reinforcement materials One might think that tires are made of rubber but that’s not the case. There are a lot of reinforcement materials inside tires that ensure better safety, lifespan and drivability. Here are some of them: ① Tread: the rubber on the circumference that makes contact with the road ② Carcass: the inner layer of the tire which helps in absorbing load and shock ③ Belt: located between tread and carcass, belts resist punctures and help treads and carcasses to stay safe when driving. ④ Cap ply: Cap ply helps tires hold shape and keep them stable at high speed. ⑤ Bead: the reinforced section that comes in contact with the rim and prevents air leakage from within the tire There are so many reinforcement materials in tires. The carcass has polyester tirecords, belts have nylon tirecords and steel cords, and the bead has bead wire as reinforcement materials. Hyosung Advanced Materials manufactures all of these materials with its unparalleled technology and production capacity. Tirecords built on green materials Hyosung’s polyester tirecords (PET) enjoy nearly 50% of market share in the world and Hyosung Advanced Materials has long maintained its number one position in the global market for over 20 years. As the leading player, Hyosung continues to put efforts and investment into green product development. Hyosung Advanced Materials has begun the development of recycled PET products using waste plastic bottles since 2020, and has now completed its commercialization. This product can contribute to reducing environmental degradation by cutting down on landfill volume and carbon emissions. Compared to conventional tirecords, it emits 44% less greenhouse gas. Hyosung has also developed bio-PET yarn from ethylene glycol extracted from sugar canes or corns. This contributes to a 16% cut in greenhouse gas emission compared to existing polyester tirecords. Hyosung’s commitment to a net-zero society is also manifested in its lyocell tirecords made from wood. Hyosung Advanced Materials has succeeded in the development and production of lyocell tirecords extracted from wood in a bid to replace rayon tirecords optimized for high speeds under which durability is the key. It uses raw materials extracted from wood and thus when put into production it does not emit carbon bisulfide or sulfureted hydrogen. In turn it does not require water treatment for processing the harmful materials, meaning less water contamination caused by the production process. For these reasons, global tire makers around working on carbon emission cut are turning to lyocell tirecords that promise a 30% cut in greenhouse gas emission. Hyosung Advanced Materials continues on its journey to sustainability on the steady rolling tires The Company’s journey does not end there. Hyosung Advanced Materials has been leading the world in carbon neutral green management by investing in R&D on high strength and lightweight products. The aim is to contribute to cutting greenhouse gas emission and energy consumption while further enhancing the durability of tires. As a reliable supplier of the materials to the world’s top tire makers, Hyosung Advanced Materials will continue on its efforts in R&D and technology development.
Meet regen® - A Cornerstone to the Circular Economy for Plastics
Eco-Friendly Trend in the Fashion Market Fashion is one of the most expressive ways to identify oneself. Although there are considerations when buying clothes, such as design, color, practicality, and comfort, young people use fashion to reflect their thoughts, values, and personal preferences. Recently, environmentally friendly products have gained interest globally and become a trend in the fashion industry, especially among Generation Z. Due to the emerging eco-friendly fashion trends in textiles, the consumer have begun to pay attention to eco-friendly fiber. Such fiber reduces carbon emissions to protect the global environment by limiting fossil fuel consumption throughout the cycle of production, distribution, and purchase. regen®, Hyosung’s eco-friendly fiber brand is 100% recycled fibers, and is recently leading this trend. regen® Sources its Raw Materials from 100% Used PET Bottles The ‘OECD's Global Plastics Outlook’ states that plastic waste will triple from 353 billion tons in 2019 to 1.14 billion in 2060. Are there any contingency plans to reduce the amount of plastic waste? The answer could be discovered in the plastic waste itself. Hyosung TNC launched its textile business in the 1960s and has contemplated resolutions to reduce plastic waste by recycling them. The company found a clue from polyethylene terephthalate (PET) plastic bottles, a standard waste product. PET bottles are created from polyester, thus, they can be recycled into polyester yarn, one of the synthetic fibers produced by Hyosung TNC. In 2008, Hyosung TNC became the first and foremost recycled polyester fiber provider in Korea, successfully presenting their recycled polyester fiber after five years of R&D. It is called “regen®,” which abbreviates the word regeneration. regen® recycles products that have been used and discarded, to create an entirely new product. Transformation of post-consumer waste PET bottles into regen® starts from collecting and thoroughly cleaning used bottles. Then, the cleaned bottles are crushed and melted into plastic chips, the size of a small rice grain. These chips are then melted and extruded at high temperature, transforming the waste plastic bottles into regen®, a 100% recycled polyester yarn. Since recycled yarns use waste bottles as the raw material, maintaining the same quality as existing virgin product is highly challenging. However, Hyosung TNC made a breakthrough with their superior technology. regen® demonstrates quality at par with existing standard polyester yarn, featuring an even, luxurious appearance; it also maintains vivid colors when dyed. regen® minimizes not only microplastic waste but also reduces plastic waste in landfills, reducing additional carbon dioxide emissions which could have come from burning used bottles. One ton of regen® yarn requires about 66,000 500ml plastic bottles; hence, it is one of the most representative types of eco-friendly yarn technology. regen® Ocean, regen® Seoul, and regen® Jeju: Named after the Origin of Used PET bottles Hyosung TNC strives to reduce plastic waste in the ocean. Hyosung TNC reinforces its recycling technology for post-consumer PET bottles, launching regen® Polyester and regen® Ocean Polyester. As for the regen® Ocean Polyester, it is strictly sourced from discarded waste bottles collected from the seashore within 200 meters or 10 km from the coastline, where there is no waste collection facility nearby. In other words, it either utilizes the floating waste PET bottles collected in the ocean or submerged waste – ocean waste that cannot be reached from the facility on the shore. In collaboration with Yeosu Gwangyang Port Authority, regen® Ocean Polyester was developed from recycled PET bottles and yarns discharged from vessels near the port area. The regen® Ocean Polyester has been accredited the Ocean Bound Plastic (OBP) certification for the first time in Korea from the Control Union, a prestigious eco certification body in the Netherlands. Hyosung TNC also introduced regional editions that specify the regions where the waste PET bottles were collected. Since 2020, the company has been producing regen® Seoul and regen® Jeju, utilizing recycled PET bottles collected from the city of Seoul and Jeju, respectively. regen® Ocean Nylon Protects the Marine Environment by Recycling Discarded Fishing Nets One of Hyosung TNC's recycled yarns, regen® Ocean Nylon, is “the world's first technology of its kind.” This eco-friendly yarn from waste fishing nets is a recycled fiber that requires more advanced technology compared to regen® Polyester. Hyosung TNC is profoundly interested in the aquatic ecosystem, recognizing that 46% of discarded garbage into the sea is waste fishing gear, such as fishing nets and lines. Abandoned fishing nets do not decompose well in the sea and endanger sea creatures. To help save the sea creatures, Hyosung TNC developed regen® Ocean Nylon, the world's first post-consumer recycled nylon fiber made by recycling waste fishing nets collected from the ocean. Hyosung TNC plans to facilitate marine environment protection by increasing regen® Ocean Nylon sales and introducing recycled yarns in more diverse fields. Contributing to Creating a Virtuous Cycle for Plastic – Regen Has It Covered Hyosung TNC’s regen® products are examples of post-consumer recycled (PCR) products used by end-users and recycled into entirely new products. These products of Hyosung are currently leading the economic cycle of the textile industry. As a sustainable fiber that contributes to reducing waste, the regen® products directly practice circular economy by recycling used resources. regen®, pursuing both environmental protection and high-quality performance, is used in various fields, from outdoor to fashion brands to the automobile industry, through collaboration with leading global brands. regen® is the cornerstone of circular economy for plastics that contribute to creating a healthy environment. For consumers who value eco-friendliness and sustainability, please remember regen® when shopping.
Hyosung’s Commitment to Green Management: The Numbers Speak for Themselves
The uprising trend for future-oriented business: ESG Concerns about climate change, global warming, and depleting resources have brought the idea of a new growth paradigm to the fore. Once foreign to many, the word ‘sustainable growth’ has become the uprising trend for future-oriented businesses. ESG, the acronym for Environmental, Social, and Governance, now has become a critical business milestone in their business direction. At the same time, it is also true that some businesses conveniently chose to jump on the bandwagon to claim that they have adopted ESG management just because sustainability is in fashion. Here we have a company that has advanced our life for humanity; its business mission leading in various activities designed for environmental protection and carbon neutrality. That is no other than Hyosung, a leader in technology. To minimize its corporate footprint, Hyosung has been dedicated to sustainable growth by developing products and technology designed to facilitate the hydrogen economy and develop resource recycling technology and eco-friendly materials. And we at Hyosung stand by our numbers. Our environmental research and development investments are estimated to be over KRW104.3 billion (USD75 million), and our registered patents are over 3,310. Hyosung’s mission to sustainable management, ‘Green Management Vision 2030' The most notable eco-friendly activities pursued by Hyosung include its initiative called ‘Green Management Vision 2030.’ The initiative has four targeted goals of greenhouse gas reduction, development of eco-friendly technology and expansion of subsequent markets, building a green company culture, and enhancing stakeholder trust. Hyosung has pursued subsequent strategies alongside its company-level climate change strategy for sustainable management. 1) Greenhouse gas reduction In line with the nationally determined contribution target set forth by the ROK government in 2021, Hyosung has renewed its commitment to greenhouse gas reduction from a 20.5% cut in 2017 to a 14.5% cut in 2018 under its Green Management Vision 2030. As such, the company has established a mid-and-long term reduction plan across the whole business encompassing planning, research, and production. On top of this, the risk management process on climate change is now in place to identify risks and opportunities that climate change brings and to update risk management status annually for the sake of ESG management. 2) Development of eco-friendly technology and expansion of subsequent markets Based on the goal of developing eco-friendly technology and expanding subsequent markets under Vision 2030, Hyosung has put the utmost effort into R&D in technology and product development to secure new growth engines and accomplish sustainable growth. Let’s take a look at some of those examples. ■ A key renewable energy technology, energy storage system or ESS that enables storage of electricity for future use Energy storage system or ESS, which helps save electricity for future use, is emerging as one of the most important facilities for the energy industry and electricity of the future as renewable energy power generation is growing in share. Hyosung offers a whole life-cycle service on ESS encompassing customized consulting, system building, and post-management. Our technology has received rave reviews from electricity powerhouses in Europe. Hyosung Heavy Industries signed a contract in 2021 to supply 50-megawatt energy storage systems to U.K. energy infrastructure investment company Downing LLP. With this deal, Hyosung is providing a total ESS solution to the UK that will involve designing, supplying, and a 10-year maintenance service. It is noticeable that the ROK company’s proprietary technology has been recognized by the UK, a country that has been leading the world’s efforts in carbon neutrality and a transition to renewable energy. ■ Insulating materials such as transformer and gas insulated switchgear replaced with green products Hyosung Heavy Industries, a leading provider of electric equipment such as transformers and gas-insulated switchgear that are key to the electrical grid, has led the efforts to develop and commercialize green insulating materials. Hyosung has developed an eco-friendly transformer using ester oil as alternative insulation, reducing environmental impact, and enhancing safety against fire. Hyosung has been supplying this eco-friendly transformer to overseas markets such as Europe and the Middle East. The company also developed 170kV Gas Insulated switchgear utilizing Novec gas blending in 2021 and plans to adopt it to newly built power transmission plants and projects designed to replace outworn facilities to reduce greenhouse gas emissions in electric power systems. ■ To build a large-scale liquefied hydrogen plant to expand the hydrogen business Committed to carbon neutrality, Hyosung Chemical and Hyosung Heavy Industries have been proactively pursuing the hydrogen business. With an existing hydrogen charging system, Hyosung supplies a charging system for passenger and commercial vehicles and plans to provide dedicated charging stations for heavy machinery in line with the hydrogen fuelization efforts for excavators and forklift trucks. In addition, Hyosung is constructing the world’s largest liquefied hydrogen plant designed to improve the efficiency of hydrogen storage and transportation. Liquefied hydrogen offers much better efficiency in storage and transportation thanks to its higher density than that stored in the air. Hyosung plans to contribute to facilitating hydrogen mobility by proactively producing liquefied hydrogen. In response to the growing trend in sustainable mobility and transition to the hydrogen economy, Hyosung joined hands with the world’s leading gas name Linde Group to build a 13,000-ton liquefied hydrogen plant by 2023 with an estimated investment of KRW300 billion (USD215 million). It will be built on the site of Hyosung Chemical’s Yongyeon factory. ■ TANSOME®, lighter but stronger than steel Hyosung Advanced Materials developed TANSOME®, carbon fiber 10 times stronger than steel. It is one of the essential materials for producing fuel tanks for hydrogen vehicles. The carbon fiber-based high-pressure tanks are much lighter while promising better fuel efficiency. Hyosung sees a future where its TANSOME will be critical in green energy and the automobile industry where weight reduction is imperative. ■ Low carbon lyocell tire cords Hyosung Advanced Materials has developed lyocell tire cords derived from woods used for high-speed vehicles for its durability. Using materials with minimum pollution impacts, unlike conventional materials such as rayon and nylon tire cords which generate pollutants including carbon bisulfide and sulfureted hydrogen, lyocell tire cords offer 30 percent lower greenhouse gas emissions. ■ Eco-friendly engineering plastic material, polyketone Based on its proprietary technologies developed in 2013, Hyosung Chemical produces engineering plastic POKETONE™. Made of carbon monoxide (a leading cause of air pollution), Hyosung’s polyketone uses 0.5 tons of carbon monoxide for 1 kg of Poketone production. The material is approved by the US FDA for its non-toxic characteristics and thus has been widely used for kids’ toys, food processing conveyors, and cosmetic packaging. It is now being adopted in new sectors such as automobiles, electric and electronic gear, and drilling pipes. Especially, Polyketone is safe and durable for its impact and abrasion resistance, and ductility. It is a semi-permanent material that doesn’t require the replacement of components and thus offers higher sustainability than general or disposable plastic materials. As a leading eco-friendly plastic material, Polyketone also offers lower global warming potential (GWP) compared to other engineering plastics and is proven through LCA or life cycle assessment and other external reviews to be effective in reducing CO2 emission. Hyosung Chemical has expanded its application to broader areas such as building materials, automobiles, household items, and leisure goods. ■ Recycled polyester yarn created from post-consumer PET bottles, regen® With plastic waste emerging as a global issue, Hyosung TNC developed 100 percent recycled polyester yarn from discarded PET bottles ‘regen® polyester’ back in 2008. The textile powerhouse Hyosung TNC’s regen® polyester offers the same level of quality and performance as conventional polyester materials. It is loved by leading fashion names worldwide for its outstanding quality and stable supply thanks to Hyosung’s extensive global network. It also offers 60 percent less CO2 emissions than other polyester products. Hyosung TNC has been producing ‘regen® ocean nylon’ since 2007, a recycled nylon yarn from fishing net waste that accounts for a large percent of ocean waste. These eco-friendly yarns, regen® polyester and regen® ocean nylon, contribute to sustainability and circular economy by dramatically reducing landfill waste and CO2 emissions. As a leader in the circular economy for the textile industry, Hyosung offers global best practices in quality and stable supply. ■ Bio-based spandex The global number one spandex provider Hyosung TNC learned from the Life Cycle Assessment that materials before they are put into the manufacturing process, have the biggest environmental impact. To address this, the company has developed bio-based spandex to supply them for global leading fashion brands. It is currently working on biodegradable polyester yarn development as part of its effort to diversify its bio yarn portfolio. 3) Sustainable corporate culture In 2021, Hyosung ran an internal idea competition for energy saving and greenhouse gas reduction. Out of the 211 ideas submitted, ranging from energy consumption saving in business sites to product development, 10 passed the thorough deliberation process, and the selected ones have all been implemented to reduce greenhouse gas emissions. Assembly lines at Hyosung TNC are all in the process of transitioning to low carbon energy consumption. It uses waste supplied from incineration facilities nearby as a renewable energy source while using biogas produced from an anaerobic digestion system installed in its factories. Hyosung also ran an internal campaign last year to do away with disposable goods in the workplace. Since 2021, paper cups for water coolers in the company have been removed, and instead, it supported employees’ purchase of tumblers. In 2020 alone, it is estimated that around 190,000 paper cups were used at the headquarters of Hyosung TNC. Thus, we believe that by simply cutting down on our use of paper cups daily, we can reduce our CO2 emissions by up to 2 tons per annum. 4) Enhancing stakeholder trust Hyosung has shown an outstanding performance in the CDP (Carbon Disclosure Project) scores, the most trusted assessment of businesses’ climate change response. In the 2020 CDP Climate Change Awards, Hyosung Advanced Materials was awarded Carbon Management Honors Club, an award for the top five performers, and Carbon Management Sector Honors for the top-notch CDP scorers in respective sectors. CDP is a not-for-profit organization based in London, UK, that discloses environmental impact information such as climate change strategy, CO2 emission, and carbon management of major listed businesses in 91 countries. What we have here is just part of a much larger story regarding Hyosung’s commitment to sustainable management. We at Hyosung believe the future for a fully sustainable Hyosung is just around the corner, with all members of the Hyosung family being committed to a better life for humanity. Hyosung continues to trailblaze daily to honor its carbon reduction commitment to identify sustainable new growth engines and protect our environment.
Without Packaging, Delicious Deliveries Are Not Possible
Not all plastic is the same! Hyosung Chemical manufactures plastic films that are used in packing instant foods we often purchase. However, can the same packaging be used for all foods? No, it cannot. Different plastic films may need to be used, considering the types and characteristics of the food and its cooking methods. What packaging materials should be used to keep food safe for a long time? Hyosung Chemical, which leads the plastic film industry, will give you the right answer. The COVID-19 pandemic in 2020 led to lockdown in many regions where people had to prepare all meals at home. As the pandemic continued, people became tired of cooking their meals every time and started to look for a convenient way to enjoy their food, such as ready-to-eat or pre-cooked products. As a result, savory, suitable home meal replacement (HMR) products have been in high demand even in the third consecutive year of the pandemic. Grand View Research, a global research firm, reported the size of the packaged food market as 14.386 trillion dollars in 2021, predicting an annual growth of 5.1% on average from 2022 to 2030. There are various criteria for selecting pre-cooked food products. Packaging is one of the essential elements for selection because the freshness of food depends on it. Packaging methods vary depending on the type of food, such as sweets, soup, pre-cooked curry or rice, and sandwiches. It is common to utilize plastic films for packaging pre-cooked products. Hyosung Chemical's Film PU produces and supplies PET and nylon films under the Filmore brand. Let’s take a close look at the types of plastic films Hyosung Chemical manufactures. Remember, not all food packaging is the same! Packaging Materials vary by Foods Films are primarily divided into nylon and PET films as packaging materials. In the food industry, nylon films are commonly used for frozen and refrigerated foods, retort foods, easy adhesion, and pharmaceutical packaging; PET films are for general packaging, including food packaging. Hyosung Chemical produces both of these films. Hyosung Chemical’s nylon films can be produced in different thicknesses for different uses, depending on the needs of individual clients. These films also have excellent oxygen barrier properties, making them suitable for packaging food and pharmaceutical products that need long-term storage. Hyosung Chemical's nylon films have been accredited as non-toxic in Korea, the United States, and Japan, assuring consumers of the safety of use. Nylon films for general packaging are used for packaging frozen foods, manufactured meat (ex. ham), and the lid of instant rice products. These films are suitable for maintaining the freshness of the food for a long time since they boast excellent oxygen and gas blockage. In addition, the outstanding printability and durability make these films effective for products prone to tearing or breakages, such as ice, seafood, and frozen foods. Nylon films are used for packaging retort food because of their high-temperature, high-pressure resistance. Retort food is a product that can be heated and eaten in a packaged state, such as instant curry or sauce. Thus, the nylon films used to package retort food protect the product and its contents from deformation with excellent resistance against heat and pressure. Hyosung Chemical's nylon films can protect retort food from oxygen and gas with its impressive thickness, superior adhesion strength, and outstanding durability. The easily adhesive nylon films used for the packaging of instant rice, fresh noodles, and capsules are coated on one side to improve their printability and packaging adhesion compared to other films. Hyosung Chemical, the only domestic supplier of easily adhesive nylon films, manufactures products with enhanced adhesion and gas barrier properties. These films are typically used for general food packaging, instant rice or tofu packaging lids, and spout pouches or bottoms for pouch packaging. Pharmaceutical nylon films are mainly used for packaging capsules or pills. You may have experienced taking out a medicine by pressing the convex part from the plastic package. The package is called blister packaging or packs, made of pharmaceutical nylon films. These films feature excellent durability and moldability. Hyosung Chemical, which produces such high-quality nylon films, is leading the industry in the domestic nylon market and the global market. With their excellent gas and moisture barrier, Hyosung Chemical's PET films are widely used in general packaging, including foods, snacks, retort food, instant coffee packets, and packaged sauce. These films have outstanding adhesion, making them suitable for products that need to be boiled or sterilized at high temperatures using hot water or a microwave. Hyosung Chemical's PET films for general packaging have good printability and adhesion with uniform thickness and heat resistance. Also, these films' versatility makes them valuable in a wide range of foods (confectionery, coffee mix, or retort food packaging that should withstand high temperature and pressure) and non-food packing (detergent refill pouches, cosmetic packaging, etc.). Hyosung Chemical - an R&D Leader of Exceptional Films for Optics and Windows, as well as Food and Daily Necessities PET films strongly reflect light and resist long-term heat, making them useful in various fields. PET films are suitable for optical films in electronic devices such as smartphones, desktops, and computer screens that we use all the time. Optical films are thicker than other films, which blocks harmful substances from electronic devices and increases resistance to external scratches. These films are also crucial in adequately adjusting screens' contrast ratio. PET films for vehicle windows and buildings provide thermal insulation and UV protection. High-gloss sheets for decorative sheets applied to home appliances like refrigerators and washing machines prevent scratches from daily use. Hyosung Chemical also produces PET films for lamination, advertisements, and general usage. Hyosung Chemical produces industrial, optical, and nylon PET films for general packaging at four different locations (domestic and overseas), establishing a research institute for consistent R&D. Even in the food sector, Hyosung Chemical has never stopped its research and development in unique film functions such as antibacterial and antioxidant films as well as films to keep food fresh. Hyosung Chemical has also laid a foothold for growth and increased customer satisfaction by its foray into film fields such as optical, process release, and window applications. Hyosung Chemical uses eco-friendly materials and never stops developing new technologies. This is what makes Hyosung Chemical recognized as the leader in the global film market and a future thriving firm. If you plan to buy a pre-cooked food product today, look closely at the packaging description. If you can recognize the type of film or the raw materials used to package your food, you will be able to enjoy your dinner with a new perspective of the world of packaging.
Rise High, creora®
The unparalleled global leader in spandex Recent muggy summer weather has pushed many people to turn to outdoor activities or a dip into the pool. More people are thus opting for ‘athleisure’ clothing. Hyosung’s creora® is the main driver behind the casual clothing trend. The spandex brand has continued in the number one market share position for ten years. You might be surprised to discover that creora® is at the core of almost all major sportswear products we use daily. From latecomer to forerunner: Early investment in assembly lines for high-performance products and locally customized marketing paid off Hyosung was the first Korean company to develop this spandex technology back in 1992. Known as the ‘memory chip of textile,’ spandex can stretch up to five to eight times longer than its original length without any change to its original form. Its everyday application ranges from sportswear and underwear to socks and even masks. Though it was a latecomer in the global market, Hyosung dreamed big to create “the world’s best spandex that ushers in a creative 21C’ and named it ‘creora®’ – a combination of two words: ‘creative’ and ‘ora'. And 20 years later, the rest is history. As early as the late 1990s, Hyosung recognized the importance of having an extensive global reach and establishing assembly lines in countries such as China, Vietnam, Turkey, and Brazil. The goal was clear: A stable supply of various products that meet the needs of different customers in different markets at the time they want. Having these production lines ready early and focusing on developing high-performance products has paid off in distinguished stretch, recovery and comfort. It joins with textile businesses and global apparel names to identify market trends and build longer-run business partnerships. In warmer weather, Hyosung proposed products made of yarns with anti-bacterial and UV cut properties. In places like Brazil, known for its love for vivid colors, the company’s customized marketing strategy provides textiles with excellent dyeing properties. Fabric that fits like your own skin Various products are available under the creora® brand that comes in varying characteristics and meet different needs. creora® Power-Fit is a spandex with high power and excellent heat resistance, maintaining its fabric power even at high temperatures or re-dyeing. This offers outstanding deeper color and better fastness dyed with dispersed dyestuff, with excellent stretch recovery. Additionally, it fits like your own skin offering comfort in daily activities and sports. creoa® highly prevents spandex degradation by chlorine elements often used for swimming pool sterilization. It offers higher chlorine resistance than that of general spandex, and thus is applied to swimwear to improve fabric durability. creora® Fresh is a spandex product that possesses excellent deodorizing and durability attributes. Because it effectively removes odors caused by post-exercise sweat, creora® Fresh is always pleasant to wear and leaves you with a refreshing feeling. Additionally, creora® Color+ with the unique color fastness and creora® Black with a deep and exclusive black color also make the color of fabrics deeper and offer comfortable support for the body movements. creora®, rise high with the wings of sustainability As an unparalleled market leader for over 10 years, creora® continues to fulfill its commitment to sustainability through its ESG management. creora® eco-soft enables heat setting at a low temperature compared to common spandex and requires minimal energy consumption when producing yarns, thus reducing carbon dioxide emissions. A production of 10,000 T-shirts with 250g/yd (4% spandex) can cut at least 120kg worth of CO2. regen® spandex, a 100% recycled spandex is made from reclaimed industrial waste. It contributes to preserving our environment while offering a similar level of functionality to new spandex despite being produced from recycled material. creora®’s commitment to preserving environments geared toward sustainable yarns will only grow with time. Shortly, it plans to develop a detailed vision for developing bio-based yarns and reducing oil consumption. At the same time, it aims to further consolidate its position as the number one spandex by expanding its market share to 34% by 2026. creora® will only continue to rise higher.
The Charm of Circular Economy Captivated the World, Turning Waste into Treasure
Abnormal weather conditions that hit the world last summer are a cause for concern. The United Kingdom, known for its cool summer, suffered heat waves as high as 40 degrees in Celsius, so much so that its schools had to close. Greenland lost 18 billion tons of ice in just over three days. The US suffered the most severe heat wave in 90 years, where 28 states out the 50 went around with excessive heat warnings. With these widespread abnormal weather conditions, awareness of the environment has been raised. As such, attention to a circular economy about protecting the environment against climate change has grown accordingly. The circular economy is a must for carbon neutrality The circular economy is a model adopted by Europe designed to avoid the existing linear model where raw materials are mined for production and used products are thrown away after use. In a circular economy, we reuse the used raw materials in every possible way. A successful transition into this renewable energy-based economy is the key to achieving carbon neutrality. Production and disposal of product waste are responsible for 45% of greenhouse gas emissions. In a circular economy, we should be able to cut greenhouse gas emissions significantly and thus able to achieve net zero. We have a long way to go. According to the OECD, out of the 15% of plastic waste collected for recycling, only 9% was recycled in 2019. Half of the plastic waste ended up in landfills, nearly 1/5 incinerated. We desperately need an economic model that enables upcycling. Global efforts to build a circular economy We are witnessing international efforts being placed forth for a circular economy. The EU announced the New Circular Economy Action Plan in March 2020, making all plastic packaging recyclable or reusable. The Fifth session of the United Nations Environment Assembly (UNEA-5) also agreed to develop an international agreement on plastic pollution prevention by 2024. Korea is no exception: It is pursuing legislation requiring over 30% of PET bottles to be made of recycled materials by 2030 under the K-Circular Economy Implementation Plan for Net Zero, announced in December last year. Biden administration has pledged to succeed President Obama’s renewable energy and energy efficiency policy and promoted the Green New Deal alongside implementation plans for a carbon tax and Carbon Border Adjustment Mechanism. The US is now back to the Paris Agreement as of January 20th, 2021, and is set to achieve net zero across the whole economy by 2050 with its Clean Energy and Infrastructure Plan. Multinational companies are also playing their role, and here are some of the examples of those corporates that are pursuing a circular economy as well as environmental protection. The American recycling company TerraCycle introduced LOOP in 2019, a circular platform built on recyclable packaging materials. LOOP offers normal goods such as shampoo, detergents, toothpaste, and food such as ice cream and chocolate in stainless containers and glass or aluminum bottles. Customers returned the containers after they consumed the products for recycling, similar to milk delivery services when used milk bottles were collected and returned for reuse. The platform, designed to reduce plastic container waste, is currently available in the US, Canada, and the UK. In France, known as smoker’s haven, a start-up, Cy-Clope, has launched a cigarette butt recycling service based on circular economy. A single cigarette butt can pollute 500 liters of water, taking as long as 12 years to decompose. The French start-up collects cigarette butts from the streets and recycles them, and its collecting container can hold up to 10,000 cigarette butts, eventually recycling 100%. Cigarette filters are recycled as plastic materials, while the rest are used for compost. Hyosung, a leader in circular economy with its post-consumer PET bottle-based fiber ‘regen®’ A company has been there at least a decade earlier than TerraCycle and Cy-Clope. Hyosung TNC, a chemical fiber affiliate of Hyosung Group, introduced the first Korean recycled polyester fiber regen® in 2008. The yarn is created from post-consumer PET bottles, not existing petrochemical materials. 50 plastic bottles of 500ml are used for one kilogram of regen. As it doesn’t consume petrochemical materials, it also contributes to saving up our limited resources from the earth. International fashion names are using regen® to produce eco-friendly clothing and bags. Since its inception in 1966, when its mother company Tongyang Nylon was established, Hyosung has led new material development R&D efforts in Korea over the past 60 years. Hyosung regen® has acquired Control Union’s Global Recycle Standard (GRS) certification in 2009 and Eco-Mark from the Japan Environment Association for its contribution to sustainability in the textile industry. Hyosung’s 100% recycled polyester fiber leading ocean protection With its dedication to protecting the ocean, a vital buffer against climate change's impacts, Hyosung noted that 80% of ocean waste is plastic. At the same time, 1/3 of them are generated from vessels. Marine debris is collected and disposed of via incineration, creating another layer of environmental degradation. Hyosung’s solution to this problem is ‘regen ocean polyester’ recycled from marine waste. It has acquired the Ocean Bound Plastic certification, the first of its kind for a Korean company. Ocean-bound plastic is abandoned plastic waste recovered from areas up to 50km inland from waterways or 200meters from rivers and thus often not subject to inland waste or recycling system. Hyosung’s regen ocean polyester is made from PET bottles found in the ocean and waterways, fully meeting the strict standards of the OBP. Thus, Hyosung truly fulfills the spirit of “recycling” by collecting those pollutants from the ocean and ‘recycling’ them. The company has developed a thorough process for the recycling process and specification management for quality control. Hyosung TNC takes sustainability and circular economy seriously and has made its regen products one of the key growth engines for the company’s future. World’s first recycled nylon from fishing net waste Building on its advanced nylon technology, Hyosung TNC has introduced a recycled nylon fiber from ocean waste to contribute to building a new circular economy model. Nearly out of the 8 million tons of plastic waste being dumped into the ocean, 640,000 tons are from fishing net waste. Hyosung’s regen ocean nylon, launched in 2007, is the world’s first recycled nylon fiber made from fishing net waste. Turning discarded fishing net waste into high-quality yarns is quite challenging because the marine debris, after being soaked in the salty waters, often comes with many impurities and thus making it tricky to extract caprolactam, a key material for nylon yarns. So much so that there are only two companies in the world with their proprietary technology of nylon recycling. Hyosung TNC was the first company to introduce recycled nylon worldwide based on its decades-old technology and R&D efforts. The company has signed MOUs with Korean local governments such as Busan City and South Jeolla Province in 2021 to expand its regen ocean nylon to increase the capacity to 150 tons per month. We at Hyosung spare no effort in resource sustainability and environmental protection Hyosung offers other recycled fibers such as regen® spandex, recycled spandex from reclaimed waste. regen® spandex is the only commercially available recycled spandex that can be applied for various use and is naturally in high demand. It is made with pre-consumer waste from the company’s virgin creora® spandex yarn manufacturing process. Hyosung’s unparalleled commitment to a circular economy is proven by its decades-long focus on research and technology since the 1960s when it opened its first research center. With its entire portfolio of regen polyester recycled from PET bottles, regen ocean polyester made with PET bottles found in waterways, regen ocean nylon made from fishing net waste, and regen® spandex from reclaimed textile waste, Hyosung continues its commitment to sustainability and environmental protection for the sake of a better life for humanity.
‘H2 MEET 2022’ Offers a Glimpse Into the Future of Hydrogen
Did you know that Korea was the first country to commercialize hydrogen trucks? The H2 MEET 2022, the largest hydrogen exhibition in Korea, was held in Ilsan from 31 Aug – 3 Sept. The exhibition drew international attention with a wide range of participation spanning multinational companies and governments. The global hydrogen leader Hyosung was one of them, which ran a booth under the slogan of ‘Creating Togetherness through New Energy Infrastructure’ to introduce its extensive hydrogen solutions: Here are some of the highlights from the H2 MEET 2022. ‘Touch’ the screen for an answer Hyosung’s booth showcased various user-interactive activities. For example, at the center of its booth, there were four gigantic cubes, each showing the process of production, storage, distribution, and R&D. Also, at the center, the display screen can be activated to introduce the area in question. Park Il-jun, Korea’s 2nd Vice Minister for Trade, Industry, and Energy paid a visit to Hyosung’s booth during the exhibition to be briefed on where Hyosung was in its efforts to facilitate the hydrogen ecosystem. Visitors were also able to get a quick introduction to Hyosung’s hydrogen business portfolio ranging from liquid hydrogen, charging stations, blue and green hydrogen and distribution by simply touching the screens at the booth. Visitors particularly loved this experience where they can get a quick and easy-to-understand introduction to Hyosung’s hydrogen value-chain. Liquid hydrogen brings a green future closer Liquid hydrogen was the buzz word this year on the Hyosung’s exhibition booth. Liquid hydrogen is known as an essential resource expected to overcome gaseous hydrogen to bring hydrogen commercialization earlier than expected. By joining hands with the global gas name Linde, Hyosung has established two joint ventures, Hyosung Hydrogen and Linde Hydrogen, to build hydrogen value chain. Its liquid hydrogen plant in Ulsan which is scheduled to kick off in operation in May 2023 is set to expand annual capacity up to 39,000 tons. Compared to its gaseous counterpart, liquid hydrogen can store more volume of hydrogen and also doesn’t need to be kept under high-pressure. Thus commercialization of liquid hydrogen means a wider application in mobility and industries and less carbon emissions. Visitors were also able to learn about areas of application once commercialization is achieved. For instance, shorter charging time for hydrogen vehicles and high-power density can be achieved for UAM (Urban Air Mobility), drones, trams, trucks, forklifts, excavators and vessels. Hydrogen can be also applied to power generation and steel industry. Electricity once produced can be stored in the form of liquid hydrogen and fuel cell power plants and generators can be placed in wherever they need to be, ensuring high energy efficiency. If hydrogen is applied to steel making process, steel industry will be able to meet their net-zero aims. Mr Jung Sang-yul, senior director from Hyosung Heavy Industries, who has been leading the company hydrogen business said, “Hydrogen will be applied first to commercial vehicles. In order to usher in a green fuel era with zero carbon emissions, we need to change our way of thinking to put environment first to everything else.” From A to Z: Hyosung’s hydrogen portfolio To facilitate a fast transition to a hydrogen society, Hyosung has been focusing on distribution and charging infrastructure additionally to production when it comes to hydrogen. Alongside its plan to kick off the Ulsan liquid hydrogen plant, Hyosung aims to build a 30-strong charging station network across the country. It is also planning to build a supply network to link charging stations across Korea. At the exhibition booth, visitors were also able to touch and feel Hyosung TNC’s nylon liner materials and Hyosung Advance Materials’ carbon fiber. The two are essential elements for hydrogen containers and tanks. Mr Eun Kang-jun, director from Hyosung TNC, said “Nylon liner materials can hold off gaseous hydrogen, are extremely light in weight and offer high temperature tolerance. It is actually the first material Korea has seen to satisfy the strictest specification requirements.” Mr Ban Jung-tae, assistant director from Hyosung Advanced Materials was quoted as saying, “Our TANSOME® is called the ‘material of dream’ for its tensile strength. It has particularly enjoyed strong demand from high pressure container market. For a net-zero earth built on hydrogen Hyosung Group has focused on two of the four pillars of the ESG reporting criteria (circular economy, net-zero, new energy infrastructure, and harmful elements/resource saving): Net-zero and new energy infrastructure. It has spared no efforts in investment in hydrogen ecosystem for the sake of a net-zero future. On top of the liquid hydrogen plant and charging stations currently under construction, the company has been taking the lead in renewable technology development for green and blue hydrogen. What it offered at the H2 MEET 2022 was just a beginning. You can look forward to seeing how Hyosung will shape and lead a hydrogen ecosystem in the coming years.
Did You Know the World’s First Hydrogen Law Was Introduced in Korea?
Everything you need to know about hydrogen, as seen through Hyosung’s hydrogen business Did you know that the Republic of Korea was the first country to legislate a hydrogen law in the world? Yes, the Korean government promulgated the Hydrogen Economy Promotion and Hydrogen Safety Management Act or the “Hydrogen Act.” Yet Korea is not alone. The world is spotlighting hydrogen energy; an energy source recently sought after the most in the world. The U.S. Department of Energy has also announced the Hydrogen Program Plan, while U.S. President Biden promised a $9.5 billion fund to cut clean hydrogen costs and facilitate commercialization. The EU also has revealed the EU Hydrogen Strategy and launched the European Clean Hydrogen Alliance (or ECHA) as part of its efforts to transition to the hydrogen economy. China aims to meet a target of 1 million hydrogen vehicles by 2030. What is it about hydrogen that makes it so much in demand? More energy efficiency, lower greenhouse gas emission The answer lies in its eco-friendly and economic characteristics. With the growing call for doing away with fossil fuel usage to save our ailing earth from greenhouse gas, demand for electricity as an alternative to fossil fuels soared. Electricity can be generated by clean energy sources such as solar and wind power. However, they require huge installation space and are susceptible to climate conditions. That is where hydrogen comes in. Unlike underground resources, hydrogen can be artificially produced with technology. It is the most abundant element in the universe, accounting for about 75 percent of its mass. It is a clean energy source that makes water when mixed with oxygen. It has the highest energy density of all known substances, promising excellent energy efficiency. One might wonder. How come it takes so long for humanity to start utilizing it despite all the merits it offers? Re-emerging as a promising energy resource Humanity has long known about the possibility of hydrogen as an energy resource. When Apollo 11 made the first landing on the moon, it housed three hydrogen fuel cells. Hydrogen emerged as a promising energy resource in 1973 when the oil crisis hit the world. With the shale oil boom, however, hydrogen was put on the back burner. While humanity was preoccupied with the low-price and fast development of energy resources without considering environmental consequences, the earth’s ecosystem has been collapsing rapidly. It has come to the point where the development of alternative energy resources for the sake of the environment and humanity can no longer be put on the back burner. Thus, hydrogen is rapidly gaining ground. Now efforts are being put forth to find ways to use hydrogen in a more efficient and eco-friendly manner before the world transitions into a hydrogen economy. Hyosung’s hydrogen business will provide the most idealistic way of utilizing the promising energy resource that could be a definitive answer to humanity’s present and future. Hyosung is committed to hydrogen The biggest stumbling block to the commercialization of hydrogen is the lack of charging infrastructure. No matter how efficient and eco-friendly it is, not many people will be ready to opt for the energy resource. In other words, they are going through a great deal of inconvenience due to the lack of supporting infrastructure, such as charging stations. As such, Hyosung has been taking the lead in establishing a charging station network nationwide to facilitate our national paradigm shift into hydrogen. Starting from CNG and LCNG charging facility businesses in 2000, Hyosung has built its gas compression and charging technology and experiences over the past two decades. Building on this, Hyosung introduced the nation’s first hydrogen charging station in 2009; it is a leading supplier of hydrogen charging stations in Korea, with 25 operating in major cities and 16 in the pipeline. When it comes to nylon liner resins and carbon fibers, the essential materials for hydrogen storage containers, Hyosung is the main supplier. Storage of hydrogen requires high-pressure and ultra-light containers. Hyosung TNC has developed and supplied Nylon liner resin for the first time in Korea. Hyosung Advanced Material’s proprietary carbon fibers, the fourth of their kind in the world weigh a mere 1/4 of that of heavy steel and 10 times the strength, suitable for hydrogen storage containers. Carbon fibers are also used for tanks for hydrogen vessels. Hyosung is to invest KRW1 trillion by 2028 to build an annual capacity of 24,000 tons to meet the growing demand for hydrogen cars. The future of hydrogen will run alongside Hyosung’s hydrogen business As with anything in life, there is always room for improvement. Hydrogen is no exception. It is a gas. When it is in gas form, its volume is huge, and it has to be stored at high pressure for efficiency’s sake. To store the high-pressure hydrogen gas stably, specially designed containers are required. Should the volume and weight of the gas increase, transportation costs and establishing charging stations would inevitably become challenging. However, when it is cooled down to minus 253 degrees, it becomes liquid, called liquid hydrogen. Its volume is 1/800 that of gaseous hydrogen, which in turn requires less landmass for charging stations and lower costs for related facilities and transportation. It is also stored at atmospheric pressure with higher stability. On top of this, charging is more convenient and easier as it doesn’t ascertain levels of pressure during charging – the same way as you would fuel a gasoline vehicle in a gas station. As such, liquid hydrogen is the key to a rapid transition to hydrogen energy. Hyosung has partnered with a global gas leader Linde Gas to build a liquid hydrogen plant to equip it with the liquid hydrogen production and charging network enabling large-scale storage and transportation. The plant, once built, is expected to kick off its operation by May 2023 in Ulsan, Korea, with a capacity of over 13,000 tons of liquid hydrogen. Upon launching the facility, Hyosung plans to invest KRW 1 trillion over five years to expand it to a capacity of 39,000 tons per annum. Once the distribution of liquid hydrogen grows, it will naturally be followed by a rapid establishment of related infrastructure. As the cost of building charging stations gets cut, the saved-up funds can be funneled to build more stations. Hyosung is to establish a 30 liquid hydrogen charging station nationwide with the planned launch of the liquid hydrogen plant. A greener hydrogen eco-system It would be difficult to call hydrogen a true clean energy resource if its production process had entailed carbon dioxide emissions. Hyosung strives to develop the CCUS (Carbon Capture Utilization Storage) technology that captures carbon dioxide emissions at production. The company is also leading the influx of the green hydrogen supply, produced by an electrolyzer based on renewable energy. It does not emit any carbon dioxide during the production process, and thus it is called the ‘ultimate green hydrogen.’ As the first Korean company to develop a 750kw wind turbine, Hyosung is also planning to build an 8MW wind farm. When it comes to new and renewable energy, storage of produced energy is critical as it is vulnerable to surrounding environments such as climate. Hyosung is also a leading player in ESS or Energy Storage System in Korea. A new era ushered in by hydrogen The Hydrogen Council, a global initiative of leading companies, estimates up to 546 million tons of global hydrogen consumption by 2050, which will replace 13.26 billion barrels of crude oil and account for nearly 20 percent of the global energy demand. Hydrogen stands to determine the future of humanity and the environment, and Hyosung has played and will continue to play a key role in our transition to a hydrogen society. As a holistic supplier responsible for the whole value chain encompassing production, transportation, and charging, Hyosung has been trailblazing the global industry. Please stay tuned with us while we at Hyosung continue to march into a new era of hydrogen!
Hyosung’s Leading Action to Climate Change
Hyosung Group expanded its ESG Management Committee in April 2021 and has long committed to research and development efforts and prompt sustainability decision-making. As part of this, it has also announced ‘Green Management Vision 2030’, designed to lead a better life for humanity. One might wonder what has driven Hyosung’s commitment to the issue of climate change. Last July, the oldest glacier in Switzerland, Rhone Glacier, was covered with blankets. The glacier has lost around 40 meters in ice thickness in the past decade due to climate change, and thus Swiss authorities decided to halt the ice melt by covering the glacier with white blankets. Switzerland is not the only country to suffer from climate change. It has affected every bit of the world. The US has been afflicted by heat waves, flooding, and bushfires, while Europe has witnessed the frequency of heat waves jumping 3 to 4 times over the past 42 years. The UN Secretary-General Antonio Guterres warns that humanity is facing ‘collective suicide’ without prompt action on climate change. Corporates with a global footprint should take the lead Since the Industrial Revolution, corporates have seen their production volume grow exponentially while humanity, in turn, can purchase things whenever in need. However, we have not paid enough attention to carbon dioxide emissions in the manufacturing, shipping, and development process, being indifferent. Situations have changed, governments worldwide are scrambling to strengthen environmental regulations, and consumers are more conscious of the carbon footprint of the products they purchase. Multinational companies are thus faced with this imminent challenge of shifting their technology focus from convenience to the survival of humanity and the environment. Hyosung’s response to climate change: Green Management Vision 2030 Hyosung’s Green Management Vision 2030 has four objectives: greenhouse gas cut, development of green technology and expanding the subsequent market, building green corporate culture, and enhancing stakeholder trust. The following plans for each objective are established respectively to pursue and implement climate change strategies at the corporate level. Hyosung aims to reduce its carbon emission by 14.5% compared to 2018 by 2030. To achieve this goal, the company has been transitioning to green fuels. Hyosung TNC, for example, has been implementing a low-carbon energy policy for its assembly lines. It uses heat waste from nearby incineration plants and taps into biogas from anaerobic digesters within its assembly lines. Each factory sets up its annual environment investment plan, making efforts toward saving energy. Hyosung has also been pouring efforts into building a green corporate culture. Green procurement practices and in-house chemical management systems are pursued, and air and water pollutant management system have been advanced to minimize carbon footprint. Also, working closely with its vendors and partners, Hyosung supports its energy-saving efforts, mutually benefiting through growth and development. Hyosung has been forthcoming in disclosing related information as part of its efforts to enhance stakeholder trust. In line with the Task Force on Climate-related Financial Disclosures (TCFD) created by the Financial Stability Board, Hyosung issues sustainability reports annually and has been building a green management system by obtaining green certifications across its production sites. Hyosung Advanced Materials has acquired the ISO 50001 certification for the energy management system, while Hyosung Chemical’s Yongyeon Plant has obtained ISO 14001 certification for its environmental management system. A green society built on our green portfolio As a responsible global corporate, Hyosung has been making tangible contributions to building a green environment with its products while continuing to develop related technologies to transition itself into a truly green business. Hyosung TNC offers the fiber ‘regen polyester’ made from recycled PET bottles and ‘regen ocean nylon’ on recycled fishing nets from the ocean. In the meantime, Hyosung Advanced Materials pursues green management on three pillars zero emission, zero waste, and zero impact. Its tire cord product is made with lyocell extracted from wood, emitting 30% less carbon dioxide than existing rayon and nylon-based tire cords. It also supplies ‘TANSOME®,’ the carbon fiber used for green energy sectors such as hydrogen and car light-weighting. Hyosung Heavy Industries has pursued various renewable energy businesses, including hydrogen stations, liquefied hydrogen, wind turbine, and energy storage system. It has also been very active in research and development on transitioning existing products, including transformers, into greener products. Additionally, it has adopted green construction technologies while obtaining green construction certifications and sustainable landscape design. Hyosung Chemical has continued R&D efforts to expand its green business portfolio. Based on proprietary technologies developed in 2013, it has acquired the green engineering plastic Polyketone, which is widely applied to various sectors such as automobiles and everyday goods. Hyosung continues its research efforts to use the material across our daily lives broadly. Sustainability creates business opportunities Our collective understanding of the environment has increased going through the pandemic and climate change. Multinational companies have a new homework to solve since consumer preferences have changed, ‘Greensumers’ who prefer eco-friendly products that consider the environment is increasing. With these changes, Hyosung has been agile in exploring and creating business opportunities in green markets and fulfilling its corporate responsibility. Hyosung will relentlessly make efforts to make a better planet, from its manufacturing processes to finished goods, across its entire business value chain. By advancing the green management system, developing green products, and actively communicating with stakeholders, Hyosung will continue focusing on creating a society where humanity, our business partners, nature, and the environment can harmoniously coexist and prosper altogether.
Hyosung Leads Sustainability and ESG with Innovation, Introducing Its Growth Engines
For over six decades, Hyosung has opened up new horizons in numerous technological developments aimed at improving people’s lives. In doing so, Hyosung has come to stand shoulder to shoulder with global companies in technology and product quality. Hyosung's wish for a better life for humanity has led to concrete achievements in various fields. Hyosung has been leading the circular economy, producing eco-friendly B2B products, and taking the lead in protecting the global environment by reducing greenhouse gas emissions. Today, Hyosung is relentless in innovations to achieve a greener planet, utilizing hydrogen to make a net-zero environment for our future generation. Hyosung has continued its efforts toward environmental, social, and governance (ESG) issues, such as circular economy, sustainability, and carbon neutrality. Let’s take a look at Hyosung’s Five Management Principles. These principles, the basis for all Hyosung-affiliated businesses, provide a glimpse of its future initiatives. Here are the detailed descriptions of the five principles that have been the backbone of Hyosung's business. 1) People-oriented business: Valuable relationship with people always comes first Hyosung’s first and far most crucial management principle is putting people at the front line of business. The engine for success is all about people. Suppose Hyosung is a large ship sailing the sea of the economic market. In that case, a navigator must establish a destination, a helmsperson who steers the ship, and a captain to direct the crew. In other words, Hyosung can only arrive at its destination with the collective power of talented individuals as a team, using their skills in various fields to sail the ship. Hyosung has grown into an international corporation leading the global market trend thanks to the efforts and passion of its executives and employees in various fields. Hyosung exists because of its employees. This principle is proven by their various employee education programs, fostering next-generation leaders. Hyosung provides training for all employees of all duty and position. In addition, the company annually selects employees above the manager level to conduct an interview with executives, and run mentoring programs. They also operate motivational programs encouraging employees to learn a new language. A short-term executive MBA course is also in place for executives to share the professional knowledge necessary for business division management. In addition, the Hyosung Talent Award and Outstanding Employee Award celebrate individuals in all Hyosung affiliations who have achieved personal growth and excellent business performance in their areas. These awards strengthen loyalty and provide valuable experiences for employees to feel rewarded, motivated and pride in their work. 2) Customer-oriented Management: We listen to the Voice of the Customer (VOC) Hyosung's management principal goal is to satisfy its clients. Under the belief that all answers in the market lie with the customers, Hyosung has concentrated its management on identifying and discovering the needs of consumers and providing good value. By listening to the voices of customers, Hyosung understands what they desire more quickly and accurately than anyone else. This approach has become the foundation for Hyosung in developing new technologies and products in the market, discovering new global supply chains, and building a worldwide network. Hyosung developed a project coined ‘C-Cube,’ a big data based on customers' feedback, opinions and market situations, and has been utilized across all affiliations. This project has been developed to satisfy Hyosung's B2B customers. The big data is based on the voices of our customers and competition. Based on this data, Hyosung is consistently connecting with the Voice of Customer (VOC) and is striving to improve customer satisfaction. In addition, Hyosung has been seeking a win-win growth strategy with small and medium-sized enterprise (SMEs) customers by supporting them to enter overseas markets. Also, The Company is installing booths and seeking marketing opportunities with SMEs at various global exhibitions. 3) AGILE Management: Quick response to change Hyosung has experienced dramatic economic growth from the 70s to the 80s, when manufacturing was the dominant industry, to the blooming of the IT industry in the 2000s. Hyosung is now facing the 4th industrial revolution and understands the importance of organizational agility. It is critical to efficiently adopt new technologies and trends in this time of transformation. AGILE management principle aims to increase the speed and efficiency of the organization and quickly grasp the flow of market changes that lead to the trends. With AGILE management, Hyosung expects to create new business opportunities and quickly grasp the opportunity. Hyosung's development of eco-friendly B2B products is a typical example. From the early 2000s, Hyosung began paying attention to sustainability and environmental issues. At that time, interests in the global environment were less fervent. Leading eco-friendly innovation, Hyosung developed regen® ocean nylon, the world's first recycled yarn produced from fishing net waste, one of the main culprits of marine pollution. In addition, the company developed regen® polyester made from 100% plastic bottle wastes for the first time in Korea, and is supplying the recycled yarn to global apparel brands. By developing post-consumer recycled (PCR) products, Hyosung has successfully introduced an economic cycle in the textile industry and creating consumption value for environmentally conscious consumers. Furthermore, Hyosung is actively developing new businesses that can contribute to solving global warming. Specifically, the company has built a liquefied hydrogen plant for hydrogen vehicles to reduce greenhouse gas emissions and become carbon neutral. Hyosung has also been working to produce green hydrogen by developing carbon fibers essential for high-pressure hydrogen transportation. 4) Exceed Expectations: Offer the best quality Since the 1960s, Hyosung has been leading the synthetic fiber industries, heavy industries, advanced material, and chemical industries. Hyosung has been concentrating on technology development and product innovation to produce high-quality products that exceed the expectations of customers. Its achievements are evident through numerous domestic and overseas patents - 548 domestic and foreign textile-related patents, 708 advanced materials-related patents, 1,037 chemical-related patents, and 692 heavy industries-related patents. Multiple patented technologies created by Hyosung's researchers and technicians are truly the foundation for the company's sustainable growth and customers' better future. Hyosung succeeded in developing recycled nylon yarn for the first time in the world, leading the production of environmentally friendly fibers and accelerating the economic cycle in the textile market. Through constant technological development, Hyosung is being recognized in many fields, including the global spandex and tire cord, where Hyosung boasts global no. 1 market share. Hyosung has been continuously developing new materials, including spandex creora®, and carbon fiber TANSOME®, the primary material for hydrogen storage containers. Polyketone, FDA-approved eco-friendly plastic using carbon monoxide as raw material, is the world’s first of its kind. Hyosung's best technology permeates every aspect of our daily lives with these new materials. In addition, Hyosung has continued R&D and investments to take lead in the high-technology industry and is continuously developing technologies with new materials, big data, and artificial intelligence. 5) Data Utilization: Think and prove based on systematic, scientific data Hyosung's customers are not limited to specific regions as they are distributed worldwide. They are diversified around multiple industries, value chains and roles, including production, sales, management, and R&D. Hyosung's branches and corporations worldwide collect VOC and vast information regarding customers, competitors, and markets. Hyosung intends to utilize such data through systematic and scientific database management based on VOC collection. Data-based management has the advantage of being able to identify and collect data to lead the market trend. Hyosung uses VOC in various ways, from customer strategy to product and technology development, investment-related strategy establishment, and decision-making. For B2B clients who have been our clients for a long time, Hyosung considers trust crucial in business relationships. The data Hyosung accumulates from the customers enables to build a long-term relationship by predicting future market changes and identifying the correlation between our customers’ competition and the market. Hyosung is also building an intelligent factory as digital transformation (DX) in the 4th industrial revolution will increase the competitiveness of the manufacturing industry. Hence, Hyosung is innovating the production process by introducing smart factories domestically in the Changwon plant and overseas locations, including China, Vietnam, and India. Hyosung's Five Management Principles for Sustainable Growth to Protect the Future of Mankind Hyosung's Five Management Principles outline the company's present and future directions. Each of these principles is closely related to ESG and sustainability. Based on the philosophy of placing people first, Hyosung listens to customers, responds flexibly and with agility to the changing markets, develops high-technology quality products, and carries out scientific management. Through mission-driven management toward ESG, Hyosung has developed eco-friendly products ahead of the times. Hyosung makes an enterprise-wide effort to operate its company considering even the small details, with the intention to create an environment where people can lead a comfortable, safe and eco-friendly life. Hyosung's multifaceted efforts illuminate the company's successful future by enabling rapid change ahead of the era of constant development and revolution.