Circular Economy Indorama Ventures Successfully Recycles 100 Billion PET Bottles

Source: Press release Indorama Ventures 2 min Reading Time

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Since 2011, Indorama Ventures has recycled 100 billion PET bottles, a major feat for the company. The initiative has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from product lifecycles.

Indorama Ventures has committed a further 1.5 billion dollars to expand its recycling business.  (Source:  Pixabay)
Indorama Ventures has committed a further 1.5 billion dollars to expand its recycling business.
(Source: Pixabay)

Bangkok/Thailand – Indorama Ventures has recycled 100 billion post-consumer PET bottles since February 2011. This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles. Demonstrating its commitment to support the establishment of a circular economy for PET, in the last ten years Indorama Ventures has spent more than 1 billion dollars towards waste collection of used PET bottles.

The company has also committed a further 1.5 billion dollars to expand its recycling business. To support increased recycling rates globally, Indorama Ventures has expanded its recycling facilities, infrastructure, and public education programs. The unique PET plastic used in soft drinks and water bottles is fully recyclable and is collected in practice and at scale. As a result, PET is the most recycled plastic in the world, and the company’s recycling achievements support that. Building on its position as the world’s largest producer of recycled resin used in plastic beverage bottles, Indorama Ventures is also seeking advanced technologies to deliver more recycling infrastructure globally and reduce lifecycle carbon emissions.

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The company now has 20 recycling sites in Asia, the Americas, and Europe.

Aloke Lohia, Founder and Group CEO of Indorama Ventures said, “Sustainability is at the core of our company. These achievements reflect our commitment to environmental sustainability and our determination to establish a truly circular economy for PET packaging. Reaching this milestone is a testament to our planet’s growing commitment to sustainability. Each of these bottles represents a reduction in waste, and a step towards a world where no packaging ends up as litter or waste. This milestone achievement shows the positive change that can occur when we work together to support PET recycling and strive for a more circular world.”

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