# Hyosung TNC invests $1 billion in Bio-BDO plants in Vietnam

Hyosung TNC plans to invest $1 billion to establish multiple Bio-BDO production plants in Ba Ria-Vung Tau, Vietnam, with an annual capacity of 200,000 tons. The first 50,000-ton plant is expected to start production in the first half of 2026.

- Type: Investment
- Announced: 2024-03-30
- Where: Ba Ria-Vung Tau Province, Phu My 2 Industrial Park, Vietnam
- Value: $1.00B
- Starts operating: Q1 2026
- Status: announced
- Capacity: 200,000 tons per year
- Products: Bio-BDO (butanediol), PTMG, spandex fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyosung TNC](https://endata.com/companies/33775.md)
- [Geno](https://endata.com/companies/76643.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hyosung-tnc-invests-1-billion-in-future-bio-business-302104120.html), 2024-04-01: "The bio business will become a core pillar of Hyosung for the next 100 years."
- [hyosungtextile.com](https://www.hyosungtextile.com/en/brand-now/news/209693?category=press&lang=EN&type=press), 2024-04-05: "The bio business will become a core pillar of Hyosung for the next 100 years."

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