# Shinkong invests $10M in Ambercycle's first commercial plant for circular polyester

Shinkong Synthetic Fibers Corp invested $10 million in Ambercycle's first commercial facility to produce circular polyester from end-of-life textiles. Operations are expected to commence in 2026.

- Type: Investment
- Announced: 2024-08-13
- Where: United States
- Value: $10.0M
- Starts operating: 2026
- Status: announced
- Products: circular polyester, regenerated yarns
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ambercycle](https://endata.com/companies/66104.md)
- [Shinkong Synthetic Fibers](https://endata.com/companies/79154.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/shinkong-invests-10m-in-ambercycles-new-facility-to-commercialize-circular-polyester-innovation-302221261.html), 2024-08-13: "This investment signifies a crucial milestone in our endeavor to make circular materials widely available."

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