DE-THE-LYCRA-COMPANY

The LYCRA Company,a global leader in developing innovative fiber and technology solutions for the textile and apparel industry, today announced it has entered into an agreement with Qore^® to enable the world’s first large-scale commercial production of bio-derived spandex using QIRA^®, the next generation 1,4-butanediol (BDO), as one of its main ingredients. This will result in 70% of the LYCRA^® fiber content being derived from annually renewable feedstock. This change could potentially reduce the carbon footprint of LYCRA^® fiber by up to 44%* versus equivalent product made from fossil-based resources, while maintaining the same high-quality performance parameters of traditional LYCRA^® fiber.

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QIRA^® will be produced at Cargill’s biotechnology campus and corn refining operation in Eddyville, Iowa. The facility, which is currently being built, will commence operations in 2024. The first renewable LYCRA^® fiber made with QIRA^® will be produced at The LYCRA Company’s Tuas, Singapore manufacturing site in 2024. The LYCRA Company is currently seeking commitments with brand and retail customers who are pursuing bio-derived solutions for their apparel.

“As part of our sustainability goals, we are committed to delivering products that support a more circular economy while helping our apparel and personal care customers reduce their footprint,” said Julien Born, CEO of The LYCRA Company. “We are especially pleased to collaborate with Qore^®, a company that shares our vision for innovative, sustainable solutions. Their expertise in operating fermentation processes and understanding of the chemical value chains makes them the ideal partner to help develop a bio-derived LYCRA^® fiber at commercial scale.”

“We are proud to partner with The LYCRA Company on bringing this sustainable material solution to the market. This collaboration demonstrates that QIRA^® directly replaces conventional BDO and thus significantly improves the fiber’s sustainability profile,” said Jon Veldhouse, CEO of Qore^®. “QIRA^® is an innovative platform chemical that can be used in various applications across industries.”

The first generation of renewable LYCRA^® fiber made with QIRA^® will use feedstock from field corn grown by Iowa farmers and will enable a significant reduction in CO₂ footprint. In addition to replacing a finite resource with an annually renewable one, another benefit for mills, brands and retailers is that there is no change in fiber performance, eliminating the need for any re-engineering of fabrics, patterns, or processes. Equivalent performance was demonstrated in 2014 when the world’s first bio-derived spandex was launched under the LYCRA^® brand. The LYCRA Company has since been granted a patent for the process used to make renewable elastane from bio-derived BDO.

For additional information on renewable LYCRA^® fiber, The LYCRA Company and Qore^® invite interested parties to contact The LYCRA Company sales representatives.

*Estimate from Cradle-to-Gate Screening LCA for a representative LYCRA^® fiber manufacturing facility, June 2022, prepared by Ramboll US Consulting, Inc.

About The LYCRA Company

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries. Headquartered in Wilmington, Delaware, The LYCRA Company is recognized worldwide for its innovative products, technical expertise, sustainable solutions, and unmatched marketing support. The LYCRA Company owns leading consumer and trade brands: LYCRA^®, LYCRA HyFit^®, LYCRA^® T400^®, COOLMAX^®, THERMOLITE^®, ELASPAN^®, SUPPLEX^®, and TACTEL^®. The LYCRA Company’s legacy stretches back to 1958 with the invention of the original spandex yarn, LYCRA^® fiber. Today, The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. For more information, visit www.thelycracompany.com.

LYCRA^® is a trademark of The LYCRA Company.

About Qore^® LLC

Formed through a joint venture by Cargill and HELM, Qore^® will help leading brands replace fossil-based chemistries with bio-derived intermediates. At the heart of the joint venture is the production of QIRA^®, the next-generation bio-derived 1,4-butanediol (BDO). Made biologically through the fermentation of plant-based sugars, QIRA^® can save up to 93% of greenhouse gas emissions when replacing today’s widely used chemical intermediates made from traditional fossil sources. Bio-derived QIRA^® can be used the same way as its fossil counterpart but with significantly better environmental performance.

For more information, visit www.myqira.com.

Qore^® and QIRA^® are trademarks of Qore^® LLC.

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