INDORAMA
Plans to put USD 1 bn into PET bottle recycling / M&As a major strategy
Indorama Ventures (IVL, Bangkok / Thailand; www.indoramaventures.com) CEO Aloke Lohia told Reuters in an interview that the Thai PET giant is committed to spending USD 1 bn on recycling over the next five years, which will include mergers and acquisitions focused on PET bottle recycling.

The Thai giant is investing in producing more recycled flakes and resins from PET bottles (Photo: Indorama Ventures)
The company entered the recycling business in 2011 with the acquisition of Wellman International in Europe (see Plasteurope.com of 23.09.2011). IVL says its recycling capacity is the largest in Europe, with plants located in France, Ireland and the Netherlands. It also has recycling facilities in Mexico, Thailand and the US. Post-consumer PET bottles are reprocessed into rPET flakes, resins and yarns. In 2018, Indorama created a 50:50 joint venture with chemical recycling specialist Loop Industries (Terrebonne, Québec / Canada; www.loopindustries.com – see Plasteurope.com of 04.10.2018).

Lohia also said IVL has “USD 2.5 bn of uncommitted capital for new projects in its other businesses, including olefin, fibres and feedstocks.” The company recently made a deal to buy Huntsman’s (The Woodlands, Texas / USA; www.huntsman.com) chemical intermediates businesses for about USD 2.1 bn, including its Texas-based plants at Port Neches, Dayton and Chocolate Bayou, as well as sites in Ankleshwar, Gujarat / India and Botany / Australia. in Australia, India (see Plasteurope.com of 12.08.2019).
29.08.2019 Plasteurope.com [243299-0]
Published on 29.08.2019
Indorama: PET-Erzeuger will 1 Mrd USD in Recycling investierenGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 23.10.2019 00:02:13   (Ref: 922785624)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp