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Fibres/​Yarns/​Fabrics

IVL adds third US PET recycling operation

Acquisition gives company capacity to recycle ten billion bottles in the USA each year.

15th June 2021

Innovation in Textiles
 |  Dallas, Texas

Sustainable, Clothing/​Footwear

Indorama Ventures (IVL) has completed its acquisition of the Texas plant of CarbonLite Holdings as part of its commitment to increasing PET recycling capacity.

Now known as Indorama Ventures Sustainable Recycling (IVSR), the Dallas site is one of the largest producers of food-grade recycled pellets (recycled polyethylene terephthalate or rPET) in the USA, with a combined capacity of 92,000 tons annually.

The facility will recycle more than 3 billion PET plastic beverage bottles per year and support more than 130 jobs directly.

IVL is the world’s largest producer of recycled PET for beverage bottles and with this acquisition, expands its US recycling capacity to ten billion beverage bottles a year, moving towards its global target of recycling 50 billion bottles (750,000 metric tons) annually by 2025.

Thailand-based Indorama Ventures entered the US PET market in 2003. In 2019, the company acquired recycling facilities in Alabama and California, bringing a circular business model to its US operations.

America’s leading beverage companies have launched the ‘Every Bottle Back’ project to support the circular plastics economy by reinforcing the value of their fully recyclable PET bottles among consumers.

“We are excited to have completed this acquisition and welcome new employees to the Indorama Ventures family,” said DK Agarwal, CEO of the Combined PET, IOD and Fibers business at IVL. “Dallas now joins our recycling sites around the globe, dedicated to giving new life to post-consumer beverage bottles. We are also pleased to support more than 130 green jobs for the Dallas community.

www.indorama.net

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