Indorama Ventures to Invest USD 150 Million in PET Recycling Plants in India

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Bangkok-headquartered Indorama Ventures Public Co Ltd, which is majority-owned by Indian investors, is investing USD 150 million in three PET recycling plants in India. The plants are expected to start commercial production in 2026.

The recycled PET from the plants will supplement Indorama Ventures’ current 800,000 tonne/year PET production for the Indian and export markets. PET is a durable material that can be recycled multiple times.

Indorama Ventures CEO Aloke Lohia said the investment is in line with the company’s commitment to sustainability and its goal of reducing the use of fossil fuels in the production of new products.

Lohia is also bullish about the business prospects in India, especially in the manufacturing sector and the export market. He pointed to the insatiable local demand for PET and the export potential of recycled PET.

In addition to the PET recycling plants, Indorama Ventures is also exploring investment opportunities in other areas, such as the production of airbags for automobiles. The company has the technology and base material nylon and polyester that is used to make airbags, which are mandatory in automobiles in western markets.

Indorama Ventures is a global chemical company with operations in 35 countries. It is the world’s leading manufacturer of PET and recycled PET. The company’s mobility fibre business produces a range of fibres and yarns used in the auto industry.

The investment in PET recycling plants is a significant step for Indorama Ventures and a boost for the Indian economy. The plants will help to reduce pollution and create jobs. They will also help to meet the growing demand for recycled PET in India and around the world.


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