HS Hyosung Advanced Materials Invests in US Trillium... Bio-Based Feedstock Enters Demonstration Phase

World’s First Bio-Acrylonitrile Demonstration Plant Completed
Operations and Product Shipments Scheduled for Q2 This Year

HS Hyosung Advanced Materials announced that the bio-based acrylonitrile production technology developed by the U.S. chemical technology startup Trillium, in which it has been investing since 2022, has entered the demonstration phase.

HS Hyosung Advanced Materials CI. HS Hyosung Advanced Materials

On May 6, HS Hyosung Advanced Materials stated that it is participating as the lead investor in Trillium's Series B investment round worth 13 million dollars (approximately 18.9 billion won), supporting the demonstration project.

Capricorn Partners, a Belgium-based investment firm specializing in innovative technologies, also participated as a co-investor in this round.

Acrylonitrile is a key raw material used in a wide range of products essential to everyday life, such as high-performance plastics, synthetic rubber, and fibers. It is also used in the production of carbon fiber at HS Hyosung Advanced Materials.

Trillium aims to directly replace conventional petrochemical-based acrylonitrile by producing it from waste glycerol, a byproduct generated during the biodiesel manufacturing process.

Previously, in February, Trillium completed construction of Project Falcon, the world’s first demonstration plant for glycerol-based bio-acrylonitrile. Project Falcon began full-scale test operations in the second quarter of this year and plans to start product shipments in the second half of the year.

The funds secured in this round will be allocated to operating the demonstration plant, ongoing investment in technological innovation, and detailed engineering for the first commercial-scale plant.

Youngjun Lee, Executive Vice President of HS Hyosung Advanced Materials, stated, "With the completion of Project Falcon, the commercialization of Trillium's bio-acrylonitrile has become much more tangible. The operation of the demonstration plant will serve as proof that bio-based feedstock can be immediately integrated into existing production processes and mass-produced at commercial scale."

This content was produced with the assistance of AI translation services.