Far Eastern Group Invests in Sustainable Fashion with Ambercyc

Taiwan’s Far Eastern Group, through its venture capital unit DRIVE Catalyst, has injected US$5 million into circular polyester innovator Ambercycle.

The investment is aimed at advancing textile regeneration in fashion by scaling up Ambercycle’s commercial facility for cycora, a sustainable material made from textile waste.

The partnership leverages Far Eastern’s 70-year polyester expertise and Ambercycle’s material innovation to push for a decarbonized fashion industry.

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