# Asahi Kasei invests in US startup NFW for bio-based leather alternative

Asahi Kasei has invested in US-based startup NFW, a producer of non-petroleum-based leather alternative MIRUM® for automotive interiors. The partnership aims to develop and manufacture fully circular leather alternatives for global automakers.

- Type: Investment
- Announced: 2023-10-26
- Where: Peoria, Illinois, United States
- Status: announced
- Products: non-petroleum-based leather alternative MIRUM®
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Asahi Kasei](https://endata.com/companies/8888.md) (investor)
- [Sage Automotive Interiors](https://endata.com/companies/33216.md) (partner)
- [NFW](https://endata.com/companies/73249.md) (partner)

## Sources

- [texdata.com](https://texdata.com/news/Nonwovens-TechnicalTextiles/19632.html), 2023-10-26: "Asahi Kasei has decided to invest in US-based startup NFW, a producer of non-petroleum-based leather alternative for car interiors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.