{"id":2037,"date":"2024-09-03T04:13:24","date_gmt":"2024-09-03T08:13:24","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=2037"},"modified":"2024-09-03T04:13:24","modified_gmt":"2024-09-03T08:13:24","slug":"indorama-subsidiary-and-pepsico-bottler-to-build-pet-recycling-facilities","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=2037","title":{"rendered":"Indorama subsidiary and PepsiCo bottler to build PET recycling facilities"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure class=\"article-image__container\">\n                                    <picture><source media=\"(min-width: 990px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2024\/09\/indorama-shutterstock_2458477359-770x433.jpg\"\/><source media=\"(min-width: 430px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2024\/09\/indorama-shutterstock_2458477359-940x528.jpg\"\/>\n                                    <\/picture><figcaption class=\"c-featured-image__description\">Indorama Ventures is a producer of rPET resins. Credit: Piotr Swat via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n<p class=\"drop-cap\"><a href=\"https:\/\/www.globaldata.com\/store\/report\/?cdmsid=1064983&amp;scalar=true&amp;utm_source=Company News&amp;utm_medium=16-109551&amp;utm_campaign=company-profile-hyperlink-nonlgp\" target=\"_blank\" rel=\"noopener\">Indorama Ventures<\/a>, a global sustainable chemical producer, has created a joint venture (JV) with PepsiCo\u2019s bottling company Varun Beverages to build polyethylene terephthalate (PET) recycling facilities in India.\u00a0<\/p>\n<p>The JV has been formed by Indorama through its subsidiary IVL Dhunseri Petrochem Industries and Dhunseri Ventures.\u00a0<\/p>\n<p>This collaboration is a significant step towards addressing the growing demand for recycled PET (rPET) content across India.\u00a0<\/p>\n<p>Construction has commenced for two PET recycling facilities, with completion expected by 2025.\u00a0\u00a0<\/p>\n<p>The two facilities are located in Kathua in the Indian Union territory Jammu and Kashmir, and Khurdha in the state of Odisha.\u00a0\u00a0<\/p>\n<p>The goal is to achieve a combined annual capacity of 100 kilotonnes (kt) of rPET.\u00a0<\/p>\n<div class=\"gdm-company-profile-unit\" id=\"company_profile_form\">\n<p class=\"gdm-company-profile-unit__sub-heading\">Access the most comprehensive Company Profiles<br \/>\n            on the market, powered by GlobalData. 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Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.<\/span><\/p><\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>This initiative is in response to the increasing requirement for rPET in India, propelled by regulatory mandates and the push for a circular economy.\u00a0\u00a0<\/p>\n<p>Demand for rPET is expected to rise from around 400kt in 2025-26 to more than one million tonnes by 2031.\u00a0\u00a0<\/p>\n<p>Indian regulations are set to enforce a minimum of 30% recycled plastic content in packaging by 2025-26, increasing to 60% by 2028-29.\u00a0<\/p>\n<p>The venture aims to meet the sustainability objectives of beverage brand owners in India, who are aligning with these regulatory mandates.\u00a0\u00a0<\/p>\n<p>Indorama Ventures ESG chair and IVL Dhunseri executive president of petchem special projects Yash Lohia said: \u201cWe at IVL Dhunseri are delighted to collaborate with Varun Beverages, in the establishment of these mechanical recycling facilities in India. As the world\u2019s largest recycler of PET, this partnership underscores our steadfast commitment to sustainability and our support for the region\u2019s escalating demand for rPET content.\u00a0\u00a0<\/p>\n<p>\u201cAnticipated to substantially diminish plastic waste, these new PET recycling facilities will convert post-consumer PET bottles into valuable resources. This initiative exemplifies the shared dedication of Indorama Ventures\u2019 and Varun Beverages to creating a circular economy, promoting environmental sustainability, and meeting the rising consumer demand for eco-friendly products.\u201d \u00a0<\/p>\n<p>Indorama Ventures, a producer of recycled PET resins, has been operating PET recycling facilities since 2011 and has significantly expanded its global presence.\u00a0\u00a0<\/p>\n<p>In 2023, the company recycled more than 100 billion PET bottles and is working towards its goal of recycling 750,000 tonnes or 50 billion bottles annually by 2025. \u00a0<\/p>\n<p>In June this year, Indorama Ventures <a href=\"https:\/\/www.packaging-gateway.com\/news\/indorama-ventures-loan-recycling\/\" target=\"_blank\" rel=\"noopener\">secured a seven-year loan<\/a> of $200m from the International Finance Corporation.<\/p>\n<p><!-- Newsletter banner start --><\/p>\n<p><!-- <link rel=\"stylesheet\" href=\"\"> --><\/p>\n<div class=\"grid-container\">\n<section class=\"gdm-newsletter-banner__container\">\n<div class=\"gdm-newsletter-banner__wrapper-container gdm-newsletter-banner__wrapper-container--article\">\n<div class=\"gdm-newsletter-banner-info__wrapper\">\n<div class=\"gdm-newsletter-banner-logo__container\">\n                    <img decoding=\"async\" src=\"https:\/\/www.packaging-gateway.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/>\n                <\/div>\n<div class=\"gdm-newsletter-banner-info__container\">\n<h3 class=\"gdm-newsletter-banner__heading wp-noreslt\">Sign up for our daily news round-up!<\/h3>\n<p class=\"gdm-newsletter-banner__sub-heading\">Give your business an edge with our leading industry insights.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n<p><!-- Newsletter banner end --><\/p>\n<footer class=\"article-footer\">\n                                <!-- article-actions start --><\/p>\n<p><!-- .gdm-article-actions -->                                <!-- article-actions end --><br \/>\n                            <\/footer>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.packaging-gateway.com\/news\/indorama-pepsico-recycling-facility\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indorama Ventures is a producer of rPET resins. Credit: Piotr Swat via Shutterstock. Indorama Ventures, a global sustainable chemical producer, has created a joint venture (JV) with PepsiCo\u2019s bottling company Varun Beverages to build polyethylene terephthalate (PET) recycling facilities in India.\u00a0 The JV has been formed by Indorama through its subsidiary IVL Dhunseri Petrochem Industries [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[98,80,211,212],"class_list":["post-2037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-beverage-packaging","tag-circular-economy","tag-plastics","tag-recycling"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/2037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2037"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/2037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/2038"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}