According to the research report, Plastic Waste Maker Index 2023, published by the Australian philanthropic organization Minderoo Foundation in 2023, FENC stands out from 400 companies worldwide for its excellence in circularity performance, winning first place in the global plastics industry and dominating all evaluation components. FENC is the only one that has been reported by case study, including how it has consistently taken steps to expand its recycled PET business and formulated the strategy, risk management plan and targets for its recycling operations. FENC is the only company among the peers to have a board-level sustainability committee overseeing its recycling strategy.
FENC has invested in the circular economy for over 30 years, using its core strengths to create various innovative recycling technologies, including applications for land, ocean and air waste recycling. FENC has developed the FENC®TopGreen®ChemCycle, which uses a chemical process to recycle waste textiles, which are much more complex than waste PET bottles, and convert them into recycled PTA for use as polyester raw materials and then into new polyester products.
