Chemical company Indorama Ventures Public Company Limited (IVL) announced it has joined The Recycling Partnership. IVL’s collaboration with The Recycling Partnership will promote the U.S. residential recycling rates and increase availability of recycled polyethylene terephthalate (PET) to meet the global recycled content commitments.
The Recycling Partnership engages the full recycling supply chain from the corporations that manufacture products and packaging to local governments charged with recycling, industry end markets, haulers, materials recovery facilities and converters. Indorama Ventures is among a growing list of 46 organizations and The Recycling Partnership funders, including PepsiCo, Coca-Cola, Target, Amazon, Keurig-Dr. Pepper and Colgate-Palmolive, that are trying to transform the U.S. recycling system.
Indorama Ventures plays a key role in promoting the circular economy and environmental sustainability globally. The company said it believes the recycling of PET packaging is one of the most responsible solutions for the preservation of resources and the reduction of PET containers in landfills.
“Sustainability and social responsibility are integral parts of our purpose,” said Yashovardhan Lohia, executive director and chief recycling officer of Indorama Ventures, in a statement. “We see the recycling of PET at the very core of our contribution to the global effort to create a circular economy, which is why we are investing $1.5 billion in improving recycling throughout the world with partners such as The Recycling Partnership. Supporting the change agents’ efforts to make real, measurable, change to capture as much quality recyclable material as possible in communities across the U.S is critical to manufacturers like Indorama Ventures who want to decrease the amount of PET material going to landfill and losing the value from recycling. We are thrilled to join The Partnership and all of its members to work collectively to transform the U.S. recycling system and with it a new circular economy that powers a sustainable future.”
“We are delighted to have Indorama Ventures join The Recycling Partnership to support our mission of making it as easy to recycle as it is to throw something away in the U.S.,” said Keefe Harrison, CEO of The Recycling Partnership, in a statement. “We are all in this bin together and the investment by Indorama Ventures goes toward improving access to convenient recycling for Americans, along with education to help them recycle more, better. Changing how America recycles moves us one giant step closer to creating a system where the use of virgin resources are minimized and materials are recycled over and over again.”