Indorama & PepsiCo partner to build major PET recycling facilities in india

Desk Report September 4, 2024Last Updated: September 4, 2024

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Indorama Ventures has partnered with PepsiCo’s bottling company, Varun Beverages, to establish two polyethylene terephthalate (PET) recycling facilities in India. This joint venture, executed through Indorama’s subsidiary IVL Dhunseri Petrochem Industries and Dhunseri Ventures, is a significant move towards fulfilling India’s growing demand for recycled PET (rPET). Located in Kathua, Jammu and Kashmir, and Khurdha, Odisha, the facilities are expected to have a combined annual capacity of 100 kilotonnes (kt) of rPET upon completion in 2025.

The initiative is driven by India’s regulatory push for increased recycled plastic content in packaging, with mandates set at 30% by 2025-26 and 60% by 2028-29. The venture aims to support the sustainability goals of beverage brands in India, aligning with the nation’s circular economy objectives. Yash Lohia, Indorama Ventures’ ESG chair, emphasized the partnership’s role in promoting environmental sustainability by converting post-consumer PET bottles into valuable resources. Indorama Ventures, already the world’s largest PET recycler, aims to recycle 750,000 tonnes or 50 billion bottles annually by 2025, further underscoring its commitment to a circular economy.