Indorama Ventures has announced plans for a new recycling plant in France and the expansion of two facilities in Poland, to boost its PET recycling capacity.
Last year, the Thailand-based company unveiled plans to invest $1.5 billion globally to expand its recycling facilities. The company laid out a target for a minimum of 750,000 metric tons of rPET globally by 2025.
Today’s announcement will see the company boost its capacity to recycle post-consumer PET plastic bottles in Europe with a new plant in Verdun, and the expansion of recently acquired facilities in Bielsku-Białej and Łęczycy.
François Lagrue, head of operations – Europe, Indorama Ventures recycling group, said: “Today we are announcing a new recycling facility in Verdun, France, and expansion of two recently acquired facilities in Bielsku-Białej and Łęczycy Poland.
“Combined with our existing European facilities, Indorama Ventures will recycle almost 10 billion post-consumer PET plastic bottles in Europe per year, by 2023. This new expanded capacity will mean that, in our facilities alone, an extra 1.7 billion more bottles will be recycled in 2023, compared with 2020. This will lend significant support in realising the EU’s plastic collection and recycling targets.”
Nicholas Hodac, director general of UNESDA Soft Drinks Europe, added: “We welcome this investment in Europe’s circular economy. Europe’s soft drinks industry is working hard to drive sustainability throughout its value chain – from sourcing, production and distribution through to packaging, collection, recycling and reuse.
“This investment is another proof point that circularity works in Europe. By delivering a closed-loop system we ensure that valuable secondary raw material is not wasted and we achieve a well-functioning EU market.”
© FoodBev Media Ltd 2022
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