Tuesday, January 21, 2025

South Pasific Viscose invests US$ 100 million in environmentally friendly rayon fiber

Reading Time: 2 minutes
Julian Isaac

Journalist

Mahinda Arkyasa

Editor

Interview

The Ministry of Industry (Kemenperin) appreciates PT South Pacific Viscose (SPV) for its investment of US$100 million (IDR 1.5 trillion) for environmentally friendly viscose rayon product lines. PT SPV is the largest producer of rayon fibers in Indonesia and is a subsidiary of the Austrian company Lenzing Group.

The investment aims to undertake technological transformation efforts for product differentiation and sustainability implementation through the development of more environmentally friendly viscose rayon product lines, such as Lenzing Ecovero.

Taufiek Bawazier, The Acting Director-General of Chemical, Pharmaceutical, and Textile Industry (IKFT) at the Ministry of Industry, stated that with this additional investment, the total workforce absorption reaches 1,500 people.

“The launch of Lenzing Ecovero products can serve as an example and breakthrough for other companies. In addition to undergoing transformation, it also helps increase international market absorption. Moreover, it fosters innovation because innovation is the key to greater success and competitiveness,” he said on September 22, 2023.

Lenzing Ecovero products also open up global markets for Indonesia. It is the first product in Southeast Asia to receive EU Ecolabel rayon certification because it comes from sustainable wood and pulp.

This product meets high environmental standards, with more than a 50 percent reduction in CO2 emissions and water impact throughout its life cycle, from raw material extraction, production, and distribution to disposal.

“This is a good value for the national textile and textile product (TPT) industry. So, now is the time to reverse the impact of global pressures and become more optimistic,” he added.

The development of Lenzing Ecovero is one of the joint commitments to controlling emissions from the industrial sector in the Jakarta, West Java, and Banten regions. It is also an implementation of the Roadmap Net Zero Emission by 2060.

Furthermore, this aligns with the government’s programs outlined in the National Industrial Development Masterplan and the roadmap for Making Indonesia 4.0 to enhance synthetic fiber production capabilities and establish an upstream functional clothing ecosystem, accommodating sustainability standards.

Sri Aditia, the President Director of PT South Pacific Viscose, emphasized their commitment to transforming into an environmentally friendly company through their product offerings.

“Lenzing Ecovero is one of the environmentally friendly products and is a better choice for consumers in the textile industry,” she stated.

Julian Isaac

Journalist

Mahinda Arkyasa

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT PLN Indonesia Power (PLN IP) has ensured that the 50-Megawatt (MW) Singkarak Floating Solar Power Plant (PLTS) on Lake Singkarak, West Sumatra, will start operating or commissioning on date (COD) in 2027. The PLTS was developed together with ACWA Power, an energy company from Saudi Arabia.
State power utility PT PLN (Persero) noted that it has found obstacles in the development of new renewable energy (EBT) in Indonesia due to limited large areas available for the project.
Fahri Hamzah, Deputy Minister of Housing and Settlement Areas, reveals that Qatar is committed to building six million homes in Indonesia, a considerable spike from earlier commitment of one million homes.
State-owned mining company PT Antam is planning to build a precious metal factory at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java as part of the efforts to support downstreaming of mineral industry in Indonesia, while utilizing integrated infrastructure of the industrial estate.
The Asian Development Bank (ADB) signed a US$92.6 million (Rp1.5 trillion) financing agreement with PT Supreme Energy Muara Laboh (SEML) for the development of Indonesia’s geothermal power resources.
Masdar, a clean energy company from the UAE, has expressed its commitment to increase investment in Indonesia. Abdulaziz said Indonesia would remain a renewable energy hub in the Southeast Asia region, despite having various investments with Indonesia’s neighboring countries.