Hyosung Ventures, Hyosung's corporate-led venture capital (CVC), has made investments to develop and launch prospective sustainable new materials.
Hyosung Ventures announced on the 30th that it has made a new investment in ‘AN Poly’, which manufactures nanocellulose (CNF), a high-purity, high-quality, eco-friendly plastic material using rice husk and coffee grounds (coffee grind residuals).
Nanocellulose is a lightweight material with high tensile strength and heat resistance that can be utilized in the bioplastic manufacturing process to reduce the amount of plastic used in synthesis. Bioplastics are more biodegradable than existing plastics and have strong tensile strength and barrier properties, making it applicable to various fields, from food packaging materials to high value-added industries such as medical, bio, and secondary batteries.
With the growing importance of ESG management in the global market, Hyosung Ventures’ investment allows it to capitalize on AN Poly's technological prowess and increased multifaceted business cooperation with Hyosung Group to improve the competitiveness of the sustainable materials business sector.
AN Poly won the Innovation Award at CES early this year, and since 2023, it has been vaunted globally for its technological competitiveness and business feasibility with its selection by Forbes Asia as the only domestic company to be a promising company in the materials field. Currently, it is in the process of building a production plant to prepare for full-scale market expansion.
A Hyosung Ventures official said, “Our investment in AN Poly represents the optimal option to maximize business synergy with Hyosung Group,” and then added, “We will continue to kickstart the discovery and commercialization of materials aligned with Hyosung’s sustainable management.”
