Indorama Ventures has completed its purchase of CarbonLite’s facility in Dallas, Texas, as part of its efforts to increase PET recycling capacity in the US.
The Dallas site – which will now be known as Indorama Ventures Sustainable Recycling (IVSR) – will complement the company’s existing PET and fibre businesses in the US, enabling it to better serve customers’ increasing need for recycled PET for beverages.
According to Indorama Ventures, the Dallas site is one of the largest producers of food-grade recycled pellets (rPET) in the US and has a combined capacity of 92,000 tons per year.
Under its ownership, Indorama Ventures says the facility will recycle more than 3 billion PET plastic beverage bottles per year and will support more than 130 jobs directly.
With the acquisition, the global chemicals producer expands its US recycling capacity to 10 billion beverage bottles per year, which will support its global target of recycling 50 billion bottles annually by 2025.
The Thailand-based company entered the US PET market back in 2003 and purchased Custom Polymers PET recycling facility in Alabama in 2019; as well as another site in California the same year.
“Dallas now joins Indorama Ventures recycling sites around the globe, dedicated to giving new life to post-consumer beverage bottles,” said D K Agarwal, CEO of combined PET, IOD and fibers business at Indorama Ventures.
Yashovardhan Lohia, chief sustainability officer at Indorama Ventures, added: “The unique PET plastic used in beverage bottles is fully recyclable. Consumers want sustainable packaging and global brands are using more and more recycled content in their bottles.
“This recycling facility supports customer needs and consumer wants. We are delivering the infrastructure America needs to close the loop, enhancing our approach to sustainability with the Deja brand platform to build a circular economy for PET plastic beverage bottles.”
© FoodBev Media Ltd 2021
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