Indorama Ventures claims it has recycled over 150 billion post-consumer PET bottles since 2011, transforming used PET into high-quality recycled PET (rPET) resins and other materials, used across various industries.
The company states this has helped avoid an estimated 3.8 million tonnes of CO2 emissions over the product lifecycle and diverted 2.8 million tonnes of plastic waste from landfills and the environment. It adds that it reached its first milestone of 50 billion bottles recycled in March 2020 and 100 billion bottles in 2023.
Through its recycling education initiative, the Waste Hero program, the company says it has educated almost 1 million people in schools and communities worldwide ahead of the 2030 target, empowering individuals to make informed choices and driving long-term behavioural change in recycling.
By partnering with a wide network of collection organizations, Indorama Ventures aims to ensure a consistent supply of high-quality post-consumer PET. The company also works with technology providers to deploy advanced recycling solutions seeking to improve processing efficiency and reduce environmental impact.
In September 2024, Indorama Ventures collaborated with Dhunseri Ventures and Varun Beverages to establish several ‘stte-of-the-art’ PET recycling facilities in India. The companies aim to reach a combined annual capacity of 100 kilotons of recycled PET across all facilities.
In related news, the European PET Bottle Platform (EPBP)’s new Circularity Test Protocol intends to help industry stakeholders adjust to multi-loop recycling and pursue environmental targets as incoming EU policies set minimum thresholds for rPET content. The new protocol is anticipated to meet the changing requirements of the PET industry, especially incoming deadlines for minimum recycled content, and help illuminate the value chain’s next steps.
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