Indorama Ventures Achieves 100 Billion PET Bottles Recycling Milestone

Indorama Ventures Public Company Limited announced that it 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 10 years Indorama Ventures has spent more than $1 billion towards waste collection of used PET bottles.

“As we mark the recycling of 100 billion PET bottles, we want to thank consumers for recycling, and global brand owners for using recyclable and recycled packaging while also increasing collec-tion rates,” said Aloke Lohia, founder and group CEO of Indorama Ventures. “The scale of the waste challenge requires us all to do more, faster. In March 2020, we announced achieving the milestone of 50 billion PET bottles recycled in nine years. Today we hit the 100 billion mark in three and a half years.

“By recycling post-consumer PET bottles into new bottles, we give waste an economic value. This drives improvements in waste collection systems, meaning less waste and a cleaner environment. In the last 10 years we have spent more than $1 billion towards waste collection systems for used PET bottles. We pledge to continue our long-term focus on circularity.”

The company has also committed a further $1.5 billion to expand its recycling business. To support increased recycling rates globally, Indorama Ventures has expanded its recycling facilities, infra-structure, 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 re-cycled resin used in plastic beverage bottles, Indorama Ventures is also seeking advanced technol-ogies to deliver more recycling infrastructure globally and reduce lifecycle carbon emissions.

The company now has 20 recycling sites in Asia, the Americas, and Europe. Recent developments include doubling the capacity of a recycling site in Brazil and the opening of PETValue, the largest bottle-to-bottle recycling facility in the Philippines, in partnership with Coca-Cola.