Indorama Ventures to Invest $1.5B in RecyclingIndorama Ventures to Invest $1.5B in Recycling
The investment is a response to new regulations rolled out by governments around the globe and changing expectations from customers.
August 23, 2019
The investment is expected to include greenfield and brownfield mergers and acquisitions focusing on bottle-to-bottle recycling. Indorama has 11 recycling sites around the world, including plants in Thailand, Mexico and France. The manufacturer’s investment is a response to new regulations being rolled out by governments around the globe as well as changing expectations from customers.
Sentinel & Enterprise has more information:
Thai chemicals company Indorama Ventures has committed $1.5 billion of investment in recycling as consumers become more aware of the environmental impact of single-use plastic and regulators push for more recycling, it said on Wednesday.
Indorama’s main business is the production of PET resin, a polymer used to make plastic bottles and fibers used in products such as seat belts and tires.