{"id":575,"date":"2024-07-03T06:37:08","date_gmt":"2024-07-03T10:37:08","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=575"},"modified":"2024-07-03T06:37:08","modified_gmt":"2024-07-03T10:37:08","slug":"indorama-ventures-secures-200m-loan-to-expand-recycling-capabilities","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=575","title":{"rendered":"Indorama Ventures secures $200m loan to expand recycling capabilities\u00a0"},"content":{"rendered":"


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The financing will reimburse expenses from 2023 and 2024 tied to sustainability projects.\u00a0Credit: Alba_alioth via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Indorama Ventures<\/a>, a sustainable chemical production company, has secured a seven-year loan of $200m from the International Finance<\/a> Corporation (IFC).\u00a0\u00a0<\/p>\n

The loan is set to bolster the company\u2019s strategic sustainability programmes across India, Thailand, and Indonesia.\u00a0<\/p>\n

It will also provide the company with the flexibility to convert into a sustainability-linked facility in the future based on agreed targets.\u00a0<\/p>\n

Indorama Ventures plans to enhance its polyethylene terephthalate (PET) recycling footprint and efficiency, including upgrades to existing recycling facilities in Nakhon Pathom and Rayong in Thailand.\u00a0\u00a0<\/p>\n

Additionally, the loan will support the launch of an advanced plant in Karawang, Indonesia, and the development of new recycling plants in India.\u00a0\u00a0<\/p>\n

The financing will also reimburse expenses from 2023 and 2024 tied to sustainability projects.\u00a0<\/p>\n

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